As we continue to monitor trends across Perth’s rental landscape, the most recent data from REIWA highlights some subtle yet noteworthy shifts in the market.
As of the end of last week, REIWA members reported 2,325 rental properties available across Perth. This represents a 1.2% increase from the previous week and a 2.7% rise compared to four weeks ago. More significantly, this figure is 2.9% higher than the same time last year.
While these increases are relatively modest, they may signal the early stages of a gradual easing in supply constraints, which will be welcome news for renters navigating a highly competitive environment.
That said, Perth remains a tight rental market overall, with the vacancy rate sitting at 2.4%. A vacancy rate below 3% generally indicates high demand and low supply, suggesting conditions still favour landlords, though there are encouraging signs of balance starting to emerge.
At Abel Property, we continue to work closely with both our landlords and tenants to navigate these dynamics, ensuring we deliver the highest standard of property management services in this evolving market.
Looking for a Rental Property?
If you’re a tenant searching for your next home, please browse our available rental listings on our website:
👉 https://www.abelproperty.com.au/lease/available-for-rent/
By Jessica Brewer – Head of Department, Abel Property