Perth Property Market Rental Trends April 2025
As a landlord or property investor, analysing rental trends is essential for maximum returns and competing in Perth’s metro market. Understanding the latest shifts in rental demand, pricing, and vacancy rates can help you make informed decisions and establish a data-driven approach to investment.
In this monthly update, we cover the key insights from April 2025, giving you the necessary data to navigate the dynamic rental landscape expertly. Keep reading to stay ahead of the curve and ensure your investment properties are well-positioned in Perth’s dynamic rental market.
Number of Perth Property Market Listings and Rentals
According to Reiwa, in the week ending on 27 April 2025, 316 houses and 147 units were rented out in Perth.
The number of available rental properties was 2282 for the same week. That makes up 1,614 houses and 668 units, demonstrating a slight increase in supply as opposed to demand.
Median Prices in the Perth Rental Market
By tracking median prices in the Perth property rental market, you can review and adjust rent prices based on market trends. As such, here is how the landscape is currently looking.
By reviewing the data for the 12 months ending in April 2025, the median rents for 2-bedroom houses, 3-bedroom houses, and 4-bedroom houses were $600, $650 and $730 per week, respectively.
As for rental units, one-bedroom units were rented out for $560 on average per week, while two-bedroom units were rented out for $650 per week, and three-bedroom units have reached $720 per week.
The top-performing rental suburbs, North of the River, were Scarborough (11), Perth (10), and East Perth (7). As for the South of the river, the top ones were Baldivis (18), Rivervale (9), and South Perth (8).
Perth Rental Prices and Median Days
The Perth property market remains fairly stable, as demand no longer dominates over supply.
For the 12 months ending in April 2025, the median weekly rental price was $680 for houses and $650 for units per week. The number of median days in early May was 16.
Despite the increase in rental prices from $675 for houses and $640 per week for units in February to $680 for houses and $650 for units per week in April, the demand for rental properties remains strong.
In November 2024, the median weekly rent was $650 for houses and $610 for units per week, with 16 days to rent, demonstrating a continued yet slow upward trend. This easing in growth has further given the rental market time to recover, which is seen in the equal time properties spend on the market.
Conclusion
For April 2025, the Perth property market has remained consistent with slow and steady growth. The number of median days shows that the market contains this mild growth well.
This presents an opportunity for Perth property owners and landlords to adjust their pricing based on market dynamics.
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