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Perth's rental market has become the second most expensive in Australia, with median rent reaching $750 per week following a 3.5% increase in the June quarter. The city recorded the nation's largest annual rent increase of more than 10% or $77, while vacancy rates remain critically low at just over 1%. Property experts warn that recent changes to negative gearing and capital gains tax could trigger an investor exodus, potentially driving rental prices even higher as supply continues to decline. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.
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