Perth Property Market Rental Trends March 2025
Observing and analysing 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 cover the key insights from March and early April 2025, giving you the data you need to navigate the evolving rental landscape with confidence.
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
The week ending on 6 April 2025 saw 419 houses and 202 units rented out in Perth.
As for the number of available rental properties, there were 2238 properties available for rent this week. That would be 1,549 houses and 689 units, demonstrating a good ratio of supply and demand.
Median Prices in the Perth Rental Market
By tracking median prices in the Perth property rental market, investors can review and adjust their 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 March 2025, the median rent for 2-bedroom houses was $600 per week, while 3-bedroom and 4-bedroom rentals averaged $650 and $725 per week, respectively.
Moving on to rental units, one-bedroom units were rented at about $565 per week, while two-bedroom units were rented at $650 per week, and three-bedroom units have reached $720 per week.
East Perth (20) came in first place as the top rental suburb, North of the river. Then came Perth (17) and Maylands (14). As for the South of the river, the top rental suburbs were Baldivis (22), Rockingham (9), and Como (8).
Perth Rental Prices and Median Days
According to REIWA CEO Cath Hart, rental prices have increased with the days on the market mostly holding steady at about two weeks.
In late March and early April, the median weekly rental price was $680 for houses and $650 for units per week. The number of median days in early March was 16 days.
Despite the increase in rental prices from $660 for houses and $625 for units in December to $680 for houses and $650 for units per week, the demand for rental properties remains strong.
In October 2024, the median weekly rent was $650 for houses and $600 for units per week, with 17 days to rent, demonstrating a continued yet slow upward trend. This modest increase in rental prices has further given the rental market time to recover.
Conclusion
For March 2025, the Perth property market has remained consistent with slow and 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.
Contact HERE Property now for a FREE property appraisal!
