What the Latest REIWA Data Means for Landlords

Perth's rental market continued to perform strongly throughout the 2025–26 financial year, with median rents reaching new record highs and demand remaining consistent across much of the metropolitan area.

According to the latest REIWA data, Perth's median weekly house rent increased to $750 per week, while the median weekly unit rent reached $700 per week by the end of the financial year. Although rental growth was more measured in the first half of the year, it accelerated during early 2026 before easing slightly in the June quarter.

For landlords, the figures reinforce what we've continued to see on the ground. Well-presented properties, accurately priced and professionally managed, are still attracting strong tenant demand across Perth.

Perth rents remain at record highs

The 2025–26 financial year saw:

• Median house rent: $750 per week (up 9.5%)
• Median unit rent: $700 per week (up 7.7%)
• Properties continuing to lease in just over two weeks on average

While rental growth has moderated compared to previous years, the market remains exceptionally competitive, particularly as Western Australia's population continues to grow.

REIWA has also expressed concerns that investor confidence may soften following changes to negative gearing and capital gains tax concessions. While existing investors have largely remained in the market, fewer new investors are purchasing rental properties, which could place further pressure on rental supply over the coming years.

The suburbs delivering the strongest rental yields

Rental yield measures the income a property generates relative to its purchase price, making it an important consideration for investors seeking strong cash flow.

Top performing suburbs for houses

According to REIWA, the highest yielding house suburbs for 2025–26 were led by:

• Cannington - 5.0%
• Bullsbrook - 5.0%
• Midvale - 4.8%
• Bentley - 4.8%
• Balga - 4.8%
• Midland - 4.8%
• Huntingdale - 4.7%
• Langford - 4.7%
• Seville Grove - 4.7%
• Brabham - 4.6%

Several of these suburbs also featured among the top performers last financial year, highlighting consistent investment performance rather than short-term spikes.

Top performing suburbs for units

According to REIWA, the highest yielding unit suburbs for 2025–26 were led by:

• Beckenham - 6.6%
• Glendalough - 6.5%
• Ascot - 6.5%
• Belmont - 6.3%
• Spearwood - 6.3%
• Northbridge - 6.2%
• Perth - 6.2%
• Rivervale - 6.0%
• Cloverdale - 6.0%
• East Perth - 5.9%

continuing to provide strong rental returns.

It's important to remember that suburb-wide yields are a guide only. The performance of an individual property will always depend on factors such as presentation, condition, location within the suburb and ongoing management.

Which suburbs saw the biggest rent increases?

Some premium suburbs experienced the strongest rental growth during the year.

For houses, Dalkeith recorded the largest increase, with median weekly rents rising 27.8% to $1,725 per week.

For units, Applecross led the way, with median rents increasing 25% to $875 per week.

While these headline figures are impressive, consistent rental growth was recorded across many Perth suburbs as demand continued to outpace available supply.

Demand remains strong across Perth

One of the clearest signs of Perth's healthy rental market is how quickly quality properties continue to lease.

REIWA found:

• Cockburn Central recorded the fastest leasing time for houses, with a median of just 10 days.
• Shenton Park was the fastest leasing suburb for units, with properties leasing in a median of 9 days.

Across Perth more broadly, the median time to lease remained at just over two weeks for most of the financial year.

This reinforces the importance of having the right leasing strategy. Professional marketing, accurate pricing and prompt communication can significantly reduce vacancy periods and help attract quality tenants.

What does this mean for Perth landlords?

While rental conditions remain favourable, the market is beginning to evolve.

Growth is becoming more balanced than the rapid increases seen over recent years, meaning landlords should focus less on chasing the highest possible rent and more on securing reliable long-term tenants while protecting the condition of their investment.

With uncertainty around future investor activity and ongoing population growth, maintaining low vacancy periods will continue to be key.

A local property manager can provide valuable insight into tenant demand, appropriate rental pricing and suburb-specific trends to help ensure your property continues to perform.

Thinking about renting out your property?

Whether you're purchasing your first investment property or already have an established portfolio, understanding your property's position in today's market is essential.

At D Residential Group, we work closely with Perth landlords to provide honest rental advice, accurate market appraisals and proactive property management tailored to the local market.

If you'd like to know what your property could achieve in today's rental market, get in touch with our team for a complimentary rental appraisal. We're always happy to provide clear, obligation-free advice.