Perth Rental Market Update – 2025

Perth’s rental market continues to show steady growth, with median weekly rents predicted to finish the year about 5 per cent higher than December 2024 levels.

According to REIWA, median rents for both houses and units have risen throughout 2025, although at a slower pace than last year. The median weekly rent is forecast to reach approximately $700 for houses and $675 for units by the end of December.

REIWA CEO Cath Hart noted that while rental growth has eased compared to the 8.1 per cent increase recorded in 2024, the overall trend remains upward.

“The overall annual trend is still upwards, and again, until we see significant new housing stock, we see little rent relief for tenants. Whilst there is more rental stock available in the outer suburbs, the rental market close to Perth remains very tight,” Ms Brown said.

In summary, demand continues to outpace supply, particularly in inner and middle-ring suburbs, with affordability pressures likely to persist until new housing supply improves.