03/09/2026
Perth has a rental crisis right now. Both from an affordability and an availability standpoint.
Just over 2000 total properties available for rent across the metro as of last weeks REIWA data.
While 2000 total properties is extremely low, the numbers become more dire when we filter down to the type of properties most families want: 3+ bedroom dwellings.
The median rent in Perth is $750pw. If a family wants a rental with 3 bedrooms for the median or below, they only have 685 to choose from - spanning from Yanchep down to Rockingham.
And without looking at each of these 685 properties, I would be fairly confident in assuming that a large chunk of them are still in their original 1980s condition. Or close to.
Given the sales market softening and rents on the increase, it will soon turn & become feasible to buy instead of rent. Yields will improve for investors and likely see an increase in participation.
It is going to be an interesting Spring selling season.