ResidentialBrief
Perth rental vacancy falls to 0.8 per cent
Advertised rents in Perth are 7.1 per cent higher over the year, the fastest of any capital.
Amara Okafor/
Perth property market
The tightest rental market in the country and the fastest-selling capital by days on market.
- Median house
- $942,000
- Median apartment
- $586,000
- Annual
- +9.4%
- Clearance
- 59.2%
- Gross yield
- 4.4%
Last updated 27 August 2026
Trends
Selected series for this market
Source: ABS Building Approvals 8731.0 · 2026 figure annualised from January–July data.
Source: ABS National, state and territory population
Perth coverage
Investing
Investors return as rental yields improve
Gross yields above 4 per cent in three capitals, combined with a stable cash rate, have brought investors back into a market they largely vacated in 2023.
Grace Lindsay/