Perth's Top Performing Suburbs For Rentals In 2025-26

Perth's median rent prices recorded periods of strong growth mixed with periods of stability in 2025-26, according to REIWA.

REIWA President Suzanne Brown said weekly median house and rent prices were at record highs at the end of the financial year.

"Perth's median weekly house rent price was $750 at the end of the financial year. This was 9.5 per cent higher than at the end of 2024-25," she said.

"The median weekly unit rent price rose 7.7 per cent over the financial year to $700 per week.

"Growth was relatively slow in the first half of the financial year, before accelerating strongly in the March 2026 quarter. The rate of growth then eased in the June quarter.

"While we are very pleased there wasn't a significant exodus of investors following the Federal Governments changes to negative gearing and the capital gains tax discount, we hold concerns for rental supply, and prices, in the near future.

"While many investors have chosen to remain in the market for now, we are finding potential investors are currently very hesitant to purchase a rental property.

"This is worrying. WA's population grew by 2.2 per cent in the year to December 2025, the strongest growth rate of any state or territory. Most of that growth was from overseas migration, which supports demand for housing, particularly to rent.

"If supply remains static or, worse, declines again, we will see increased upward pressure on rent prices and affordability.

"And while the changes to negative gearing and the capital gains tax discount may drive investors towards new builds, it will take 12 to 18 months before these come to the market and provide any additional new supply."

Despite property prices recording strong growth, Perth property still provided good yields for investors.

"Yields have declined slightly from 2024-25," Ms Brown said.

"The top 10 suburbs for houses all recorded yields over 4.6 per cent compared to 5.2 per cent in 2024-25. The top 10 for units all achieved yields over 5.9 per cent, compared to 6.8 per cent for 2024-25.

"Interestingly, there were several suburbs in the 2025-26 top 10 list for yields that were also on the 2024-25 list, indicating strong, consistent investment potential. For houses, these suburbs were Cannington, Balga, Bentley, Midland, Langford, and Brabham. For units they were Beckenham, Glendalough, Spearwood, Perth, Rivervale, and East Perth.

"While the suburbs in the top 10 lists and providing strong yields, it is important to remember they are for the suburb, not individual properties. Investors should do their research into potential investments based on their own goals. For example, are they looking for long-term capital growth or do they want a strong regular rental income.

"They should also speak to local REIWA property managers about the level of demand in the areas where they are looking to buy, the type of property that is popular with tenants, and the potential rental income, to ensure the success of their investment."

Cannington and Bullsbrook were the top performing suburbs for rental yield for houses in 2025-26 with a yield of 5.0 per cent. For Cannington, this was based on its median house sale price of $780,000 and a median weekly rent price of $750. For Bullsbrook, this was based on a median house sale price of $786,000 and a median weekly rent price of $750.

Beckenham was the top suburb for rental yield for units in 2025-26 with a yield of 6.6 per cent. This was based on a median unit sale price of $515,000 and a median weekly rent price of $650.

When it came to rent price growth, Dalkeith recorded the largest increase in median weekly house rent, rising 27.8 per cent over the financial year to $1,725.

In the unit market, Applecross was the top performing suburb, with its median rent up 25.0 per cent year-on-year to $875 per week.

Properties continued to rent quickly in 2025-26, with the median time to lease a property in Perth sitting at just over two weeks for most of the year.

Cockburn Central was the fastest leasing suburb for houses, with houses leasing in a median of 10 days.

Shenton Park was the fastest leasing suburb for units, with vacancies filled in a median of nine days.

Top 10 suburbs for rental yield (houses)