Perth Property Market Rental Trends May 2025
As a rental property investor in Perth, understanding the rental market dynamics is crucial for making data-driven decisions for your property rental and maximising your return on investment.
In our monthly Perth property market rental review for May and early June 2025, we cover the key insights and trends that define the market at the moment. That way, each decision you make is grounded on solid knowledge of the changing market conditions.
Number of Perth Property Market Listings and Rentals
In the last week of May, the demand for rentals was strong, with 443 houses and 194 units rented out (based on the Reiwa report).
There are currently 2375 properties available for rent. Those consist of 1642 houses and 733 units, which demonstrates a good supply and demand ratio.
Median Prices in the Perth Rental Market
Receiving updates on the median prices in the Perth property rental market enables you to avoid overcharging or undercharging, instead adjusting your prices to maximise revenue.
When it comes to house rentals, 2-bedroom houses have averaged $600 per week, while 3-bedroom and 4-bedroom rentals hovered around $650 and $730 per week, respectively.
As for unit rentals, you can rent out 1-bedroom units for $550 per week, 2-bedroom units for $650 per week, and 3-bedroom units for $720 per week.
The top rental suburbs, north of the river, were East Perth (22), Perth (14), and Eglinton (11). South of the river, the top rental suburbs were Baldivis (16), Rivervale (15), and Byford (10).
Perth Rental Prices and Median Days
The rental prices and median days have shown only mild fluctuations (if any) lately. In late May, the median weekly rental price for houses reached $690, and for units, it was $650 per week. The median barely changed, sitting at 16 days in early June.
Rental prices remained fairly steady from $680 and $650 per week for houses and units respectively in March to $690 for houses and $650 for units in late May. The little to no rental growth has protected demand for rental properties, allowing the median days to remain fixed.
In December 2024, the median weekly rent was $650 for houses and $620 for units per week, with 15 days to rent. As such, the mild increase of about 5%, probably caused by the Perth market’s affordability ceiling predicted by Reiwa, has kept the property rental market steady.
Conclusion
In short, the rate by which the Perth rental market grows has eased, keeping demand strong. As a result, the number of days to rent has remained mostly consistent.
This trend that has persisted for months now presents an opportunity for Perth property owners and landlords to adjust their pricing based on market dynamics.
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