Rent bidding on Western Australia property in Wembley sparks debate as rental ... trends now
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A real estate agency has been slammed after listing a property with a 'minimum offer' rather than a set price as rent bidding spirals out of control and desperate tenants fight for places.
The property, in Wembley, in Perth's east, has been listed on both realestate.com and Domain seeking 'offers from $1200 per week'.
The Western Australian four-bedroom, three-bathroom property was purchased only last month for $1.75 million and was almost immediately relisted for rent.
Putting a property up for rent without a set price is often referred to as 'rent bidding' and encourages hopeful tenants to auction for the house.
As the rental crisis hits a tipping point one real estate agent has listed a property without a price and instead set a 'minimum' offer in a move called 'rent bidding', recently banned in NSW
The property in Wembley, Western Australia has been listed on sites realestate.com and Domain seeking 'offers from $1200 per week' (pictured)
The New South Wales government announced last month 'rent bidding' would be prohibited from December 17, with real estate agents ordered to advertise a property with a fixed rental price.
However, NSW renters are still allowed to offer more than the listed price under new laws as long as agents don't invite
