Perth Rental Market Snapshot

There were 2,169 properties available for rent, reflecting a small rise of 0.7 per cent compared to the previous week. While the weekly change is minor, it shows that rental supply is gradually improving.

Looking at the broader trend, rental listings are up 15.6 per cent compared to four weeks ago. However, they are still 5 per cent lower than this time last year, indicating that demand remains strong.

Leasing activity stayed relatively consistent, with 630 properties leased during the week. This figure is slightly lower than the previous week but remains higher than both four weeks ago and significantly above last year’s levels.

Key takeaways:

• Rental supply is gradually increasing
• Demand remains stable across the market
• Leasing activity continues to perform strongly year-on-year

Some suburbs stood out for rental activity, including Perth, Baldivis, East Perth, Maylands, and Eglinton, all showing steady tenant interest.

Overall, the rental market remains active, with a good balance between supply and demand heading into the coming weeks.