Get all the data you need about the real estate market in Perth
The Perth rental market in March 2026 is one of the tightest in Australia, with vacancy rates well below the national average and rents rising across most neighborhoods.
We constantly update this blog post so that the data you see here always reflects current market conditions.
Whether you are looking at your first investment property or comparing a few suburbs, this guide gives you the numbers you need in plain language.
And if you're planning to buy a property in Perth, you may want to download our real estate database about Perth.
A quick summary table
| Metric | Value |
|---|---|
| Perth neighborhood with the best rental yield | East Perth (1-bed apartment, 7.2% gross) |
| Perth neighborhood with the weakest rental yield | South Perth (3-bed apartment, 3.3% gross) |
| Average gross yield across Perth | ~5.3% |
| Average net yield across Perth | ~3.8% |
| Median purchase price in the table | A$650,000 |
| Average monthly rent across Perth segments | A$3,200 |
| Average occupancy rate across Perth | 93.6% |
| Fastest Perth leasing market | Subiaco (avg. 10 days to rent) |
| Slowest Perth leasing market | South Perth 3-bed (avg. 20 days to rent) |
| Highest occupancy Perth segment | Subiaco 1-bed and 2-bed apartments (96% and 95%) |
| Best value high-yield Perth segment | 1-bed apartments in East Perth and Perth CBD |
| Yield gap between top and bottom Perth segments | 3.9 percentage points (7.2% vs 3.3%) |
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Neighborhoods and property types in 2026 Perth ranked by rental yield
This table ranks the top neighborhoods and property types in the Perth residential market by gross rental yield.
For each neighborhood and property type, the table includes average purchase price, average monthly rent, gross rental yield, net rental yield, annual fees, average occupancy, average time to rent, main rental demand, main risk, and investment profile.
By the way, you'll find much more detailed data in our real estate database about Perth.
| # | Neighborhood | Property type | Gross rental yield | Net rental yield | Average purchase price | Average monthly rent | Ownership annual fees | Average occupancy | Average time to rent | Main rental demand | Main risk | Rental Investment Profile |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | East Perth | 1-bed apartment | 7.2% | 5.3% | A$469,000 | A$2,817 | A$9,200 | 95% | 15 days | CBD workers and singles | High strata fees in towers | Top Pick |
| 2 | Perth CBD | 1-bed apartment | 6.9% | 5.0% | A$491,000 | A$2,817 | A$9,600 | 95% | 15 days | CBD workers and students | Tower oversupply pockets | Top Pick |
| 3 | Leederville | 1-bed apartment | 6.6% | 4.7% | A$550,000 | A$3,033 | A$9,600 | 94% | 19 days | Nightlife precinct singles | Noisy-location tenant churn | Strong Potential |
| 4 | East Perth | 2-bed apartment | 6.7% | 4.8% | A$653,000 | A$3,640 | A$10,800 | 95% | 15 days | City sharers and couples | High strata in towers | Strong Potential |
| 5 | Victoria Park | 1-bed apartment | 6.4% | 4.7% | A$405,000 | A$2,167 | A$8,400 | 95% | 18 days | Cafe-strip young professionals | Strata cost creep | Top Pick |
| 6 | Perth CBD | 2-bed apartment | 6.5% | 4.7% | A$650,000 | A$3,510 | A$10,500 | 95% | 15 days | CBD couples and sharers | Newer-stock competition | Strong Potential |
| 7 | Leederville | 3-bed townhouse | 5.9% | 4.5% | A$963,000 | A$4,702 | A$9,200 | 94% | 12 days | Professional sharers and couples | Limited family-buyer pool | Strong Potential |
| 8 | Scarborough | 1-bed apartment | 5.9% | 4.1% | A$529,000 | A$2,600 | A$9,800 | 94% | 14 days | Beachside singles and couples | Seasonal demand swings | Strong Potential |
| 9 | Joondalup | 2-bed apartment | 5.8% | 4.3% | A$585,000 | A$2,817 | A$8,900 | 94% | 13 days | Students and hospital staff | Investor-heavy competition | Strong Potential |
| 10 | Subiaco | 1-bed apartment | 6.1% | 4.4% | A$531,000 | A$2,708 | A$9,400 | 96% | 10 days | Hospital staff and singles | Premium-entry compression | Strong Potential |
| 11 | Victoria Park | 2-bed apartment | 5.9% | 4.3% | A$530,000 | A$2,600 | A$9,000 | 94% | 18 days | Couples near Albany Highway | Older-complex capital expenses | Strong Potential |
| 12 | Mount Lawley | 1-bed apartment | 5.7% | 4.1% | A$459,250 | A$2,167 | A$8,900 | 95% | 12 days | Beaufort Street singles | Parking-light tenant churn | Strong Potential |
| 13 | Como | 1-bed apartment | 5.7% | 4.0% | A$505,000 | A$2,383 | A$8,800 | 93% | 17 days | Students and young couples | Older-block maintenance | Good Potential |
| 14 | Mount Lawley | 2-bed apartment | 5.7% | 4.0% | A$620,000 | A$2,925 | A$9,800 | 94% | 12 days | Couples near Beaufort Street | Strata and parking limits | Good Potential |
| 15 | Subiaco | 2-bed apartment | 5.5% | 3.8% | A$779,500 | A$3,575 | A$10,600 | 95% | 10 days | Downsizers and professionals | Strata and premium pricing | Good Potential |
| 16 | Joondalup | 1-bed apartment | 5.5% | 4.0% | A$525,000 | A$2,427 | A$8,300 | 94% | 13 days | Students and singles | Limited resale depth | Good Potential |
| 17 | Perth CBD | 3-bed apartment | 5.4% | 3.8% | A$950,000 | A$4,290 | A$13,200 | 93% | 18 days | Executive sharers and families | High strata and slower exits | Good Potential |
| 18 | South Perth | 1-bed apartment | 5.3% | 3.5% | A$549,000 | A$2,448 | A$10,200 | 93% | 16 days | Riverfront professionals | Premium-pricing yield squeeze | Good Potential |
| 19 | East Perth | 3-bed apartment | 5.3% | 3.7% | A$1,010,000 | A$4,420 | A$14,000 | 93% | 15 days | Executives near CBD | High strata and resale risk | Good Potential |
| 20 | Scarborough | 2-bed apartment | 5.2% | 3.7% | A$730,000 | A$3,142 | A$10,700 | 94% | 14 days | Beachside couples | Strata plus sea-exposure wear | Good Potential |
| 21 | Como | 2-bed apartment | 5.1% | 3.6% | A$695,000 | A$2,947 | A$10,200 | 93% | 17 days | Curtin-linked couples | Older-complex capital expenses | Good Potential |
| 22 | Leederville | 2-bed apartment | 5.0% | 3.5% | A$773,000 | A$3,250 | A$10,900 | 93% | 19 days | Couples wanting walkability | Premium entry pricing | Good Potential |
| 23 | Joondalup | 3-bed house | 4.6% | 3.7% | A$840,000 | A$3,207 | A$7,800 | 94% | 12 days | Family households near services | New-estate competition | Good Potential |
| 24 | Como | 3-bed townhouse | 4.5% | 3.3% | A$921,500 | A$3,467 | A$8,700 | 93% | 15 days | Small families near river | Body-corporate costs | Moderate Appeal |
| 25 | Scarborough | 3-bed apartment | 4.5% | 3.1% | A$1,037,444 | A$3,900 | A$13,500 | 92% | 16 days | Affluent beachside downsizers | High strata and thin buyer pool | Moderate Appeal |
| 26 | South Perth | 2-bed apartment | 4.5% | 3.0% | A$731,000 | A$2,730 | A$10,800 | 93% | 16 days | Couples wanting river views | Premium-pricing yield squeeze | Moderate Appeal |
| 27 | Mount Lawley | 3-bed townhouse | 4.4% | 3.2% | A$960,000 | A$3,553 | A$8,900 | 93% | 15 days | Professional couples and sharers | Renovation and upkeep bills | Moderate Appeal |
| 28 | Victoria Park | 3-bed house | 4.4% | 3.6% | A$990,000 | A$3,640 | A$7,600 | 94% | 14 days | Families near city fringe | Renovation cost on older stock | Good Potential |
| 29 | Subiaco | 3-bed townhouse | 3.9% | 2.9% | A$1,293,000 | A$4,225 | A$9,600 | 93% | 16 days | Affluent professionals and downsizers | High entry price | Moderate Appeal |
| 30 | South Perth | 3-bed apartment | 3.3% | 2.2% | A$1,430,000 | A$3,900 | A$14,800 | 91% | 20 days | Premium downsizers near river | Luxury-unit strata burden | Limited Appeal |
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Key insights about rental yields in Perth
Insights
- East Perth 1-bed apartments hit 7.2% gross yield in March 2026, making them the highest-yielding segment in the Perth market and roughly 3.9 percentage points ahead of the lowest performer.
- In Perth, going from a 1-bed to a 3-bed apartment in the same neighborhood typically costs you 1 to 2 percentage points of gross yield, because purchase prices rise faster than rents as you add bedrooms.
- Subiaco rents out faster than any other Perth suburb in this table (average 10 days), yet its net yields sit below 4.5%, which shows that leasing speed alone does not fix a yield problem caused by high entry prices.
- South Perth 3-bed apartments carry the lowest net yield here at 2.2%, which means after all annual ownership costs, an investor on a A$1.43 million property nets roughly A$31,000 a year before tax, less than many comparable assets elsewhere in Perth.
- Victoria Park 1-bed apartments offer a rare combination in Perth: a 6.4% gross yield, a 95% occupancy rate, and a sub-A$410,000 entry price, which makes them one of the clearest entry points for a first Perth investment property.
- The gap between gross and net yield in large inner-Perth apartments can be as wide as 1.7 percentage points, mainly driven by strata fees and heavier maintenance on tower-style buildings.
- Joondalup is the only suburb in this table where a 3-bed house still earns a net yield above 3.5%, which reflects its lower land and build premium relative to inner-ring Perth suburbs.
- Leederville 3-bed townhouses yield 5.9% gross, higher than many apartments in more central Perth suburbs, because townhouse strata fees are typically lower than apartment tower fees.
- Across Perth in March 2026, 1-bed apartments outperform 3-bed apartments by an average of roughly 1.8 percentage points in gross yield, which in dollar terms can be a difference of tens of thousands of dollars per year depending on asset price.
- Scarborough delivers its best yield numbers in 1-bed apartments, not in beachfront 3-bed stock. The 3-bed segment there yields 4.5% gross versus 5.9% for 1-bed, and carries higher strata bills due to coastal building maintenance costs.
- Perth CBD and East Perth share the fastest leasing times among inner-city precincts (15 days average), which directly reduces vacancy friction costs and supports the occupancy assumptions behind their high headline yields.
- Mount Lawley sits in an interesting middle position in the Perth market: its 1-bed and 2-bed apartments both yield 5.7% gross and lease within 12 days, offering investors a mix of solid yield and predictable demand without paying East Perth or Subiaco entry prices.
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About our methodology
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate database about Perth.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources specific to the Western Australian property market, not random listings or unsupported figures. More on that point below.
For each Perth neighborhood and property type, we aggregated the freshest purchase price and monthly rent data available. Where possible, we cross-checked multiple sources to confirm the same range, including REIWA suburb pages, realestate.com.au suburb profiles, and institutional reports from NAB, Landgate, and WA Treasury.
This allowed us to estimate rental yield before costs. That is the gross yield, based on annual rent versus purchase price.
We then estimated rental yield after costs. That is the net yield, after recurring ownership and operating expenses specific to the Perth market.
These expenses vary meaningfully by neighborhood and property type in Perth. That is why two areas with similar rents can still produce different net returns.
For example, high-rise tower apartments in East Perth and the Perth CBD typically carry higher strata fees than smaller boutique blocks in suburbs like Mount Lawley or Victoria Park. Beachside buildings in Scarborough also face above-average maintenance costs due to sea air and weather exposure. In higher-turnover precincts such as student-heavy Joondalup, vacancy and tenant-related costs can also be slightly elevated.
We also estimated ownership annual fees by combining the main recurring costs linked to each asset in the Perth context. This includes council rates, water rates, strata fees where applicable, building insurance, and a maintenance allowance calibrated to the property type and building age.
These estimates were not applied as one flat number across Perth. They were adjusted by suburb and property type to better reflect local ownership conditions, for example applying higher strata allowances to CBD tower stock and lower allowances to freestanding houses in Joondalup.
This table should therefore be read as a structured market estimate, not as an exact guarantee of future performance. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate database about Perth.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate database about Perth, we rely on verifiable sources and a transparent methodology.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| REIWA Perth Metro market data | REIWA is Western Australia's main real estate institute and the most widely used source for local suburb and metro market data. | We used it as the main Perth baseline for March 2026 prices, rents, and leasing speed. We also used it to anchor suburb estimates back to the wider Perth market. |
| REIWA rental vacancy rates | REIWA tracks WA rental vacancies directly through member rent-roll data, making it the most reliable local vacancy source. | We used it to understand how tight Perth's rental market was in early 2026. We then applied that vacancy context when estimating occupancy and rent-up risk by suburb. |
| WA Treasury housing market summary | It is an official WA Government publication that clearly states when figures were last updated, making it a solid institutional cross-check. | We used it to confirm the March 2026 market setting for Perth housing and rental supply. We compared it against REIWA data to verify our overall market reading. |
| NAB / Cotality Perth Property Market Insights | NAB is a major Australian bank and the report uses Cotality market data, a widely used professional property dataset. | We used it to confirm Perth-wide yield, rental growth, days-on-market, and affordability direction in early 2026. We also used it to support relative comparisons between lower-priced and premium stock. |
| SQM Research Perth vacancy | SQM Research is a recognized independent Australian property research house used widely by investors and analysts. | We used it as an external vacancy cross-check against REIWA figures. We used the gap between the two sources to keep our occupancy estimates conservative rather than too optimistic. |
| Landgate property sales and trends | Landgate is WA's official land information authority and an upstream data source for property market tracking across the state. | We used it as an institutional cross-check on WA property trend direction. We used it to support confidence in price-level triangulation across Perth suburbs. |
| realestate.com.au Perth suburb profile | It is one of Australia's biggest property portals and publishes suburb and bedroom-level market snapshots that are updated regularly. | We used it for bedroom-level buy and rent medians in Perth CBD. We used those bedroom-level snapshots to choose practical investor-facing property types. |
| realestate.com.au East Perth suburb profile | It is a major national portal with suburb-level property type and bedroom data updated in near real time. | We used it to refine East Perth apartment pricing and rents by bedroom count. We used it to confirm East Perth's strong small-unit yield profile relative to the wider market. |
| realestate.com.au Victoria Park suburb profile | It is a major portal with suburb-level bedroom pricing and rental snapshots for one of Perth's key mid-ring investment suburbs. | We used it to sharpen pricing and rents for Victoria Park units and houses. We used it to confirm that smaller units are the yield leaders in this suburb. |
| ABS Census data finder | The Australian Bureau of Statistics is the country's official national statistics agency, giving its data the highest level of credibility. | We used it to verify suburb demographics and dwelling mix context across Perth. We used that context to decide which property types are most relevant in each neighborhood. |
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