Perth Property Market Rental Trends February 2025
Keeping a close eye on rental trends is essential for landlords and property investors looking to maximise returns and stay competitive in Perth’s metro market.
Understanding the latest shifts in rental demand, pricing, and vacancy rates can help you make informed decisions and adapt your strategy to market conditions.
In this month’s update, we break down the key insights from February and early March 2025, giving you the data you need to navigate the evolving rental landscape with confidence.
Read on 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
The week ending on 2 March 2025 saw 480 houses and 210 units rented out in Perth.
As for the number of available rental properties, there are 2,016 properties available for rent this week (1,382 houses and 634 units), demonstrating a good ratio of supply and demand.
Median Prices in the Perth Rental Market
Tracking median prices in the Perth property rental market enables you to review and adjust your prices based on market trends. As such, here is how the current landscape is looking.
Looking at the data for the 12 months ending in February 2025, 2-bedroom houses were rented out for an average of $585 per week, while 3-bedroom and 4-bedroom rentals hovered around $650 and $720 per week, respectively.
As for unit rentals, one-bedroom units are held and are currently rented at $550 per week, while two-bedroom units increased by $20 per week to $650 per week. Three-bedroom units have continued their upward trend, reaching $720 per week.
Perth (23) came in first place as the top rental suburb North of the river. Then came Alkimos and Maylands (13). As for the South of the river, the top popular rental suburbs were Baldivis (19), Rockingham (13), and Fremantle (12).
Perth Rental Prices and Median Days
The rental prices have increased while median days to rent have held.
In February, the median weekly rental price was $680 for houses and $650 for units per week. The number of median days in early March has held at 16 days.
In other words, despite the increase in rental prices from $650 for houses and $620 for units in December to $680 for houses and $650 for units per week, the demand for rental properties remains strong.
In September 2024, the median weekly rent was $650 for houses and $600 for units per week, with 18 days to rent, demonstrating a continued upward trend.
Looking back at September 2024, Perth’s median weekly rent stood at $650 for houses and $600 for units, with an average rental period of 17 days. This modest increase in rental prices has allowed the market to recover.
Conclusion
For February 2025, the Perth property market has remained consistent with steady growth. The number of median days shows a good ratio of supply to demand.
This presents an opportunity for Perth property owners and landlords to adjust their pricing based on market dynamics.
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