Median rent price on rise in Esperance

Data from the state's peak real estate institute shows the median rental price in Esperance to be on the rise, increasing by $10 in the last four months.

According to REIWA, Esperance was one of seven regional centres to see an increase, which took the region's median weekly rental price to $320.

Despite the increase, Esperance remains one of the cheapest regional centres to rent in WA, falling well below the median regional rental price of $350.

REIWA president Damian Collins said most regional areas had experienced a decrease in the number of sales listings over the last quarter, a trend the industry was seeing reflected in the rental market.

Mr Collins said the decrease demonstrated that current stock was being absorbed at a faster pace than new supply entering the market.

Professionals Esperance Real Estate principal Terri Tholstrup corroborated the data and said the increase in rental demand was typical in the lead up to the summer period.

"Historically, anywhere from November until about February or March, this has been our busiest time," she said.

"It's just the level of demand that we always seem to get at this time. At the moment, it is quite busy. What we don't know is how long this level of demand will continue, whether or not it peters out as we head into winter or whether it just keeps going all year round."

Despite employment opportunities expanding throughout the region, including recruitment at the First Quantum Minerals Ravensthorpe Nickel Operation, Mrs Tholstrup said the company had not been inundated with enquiries.

"The properties come and go, but we're managing to fill people's requirements with our stock," she said.

"There are certainly people out there looking.

"I haven't seen any real direct spin off [from the mining operation], maybe one or two families, but I'm unsure as to whether they're new employees. It'll be interesting to see what happens over the next six months with regards to the mine."