Perth Rental Market: Signs of Easing, but Affordability Remains a Challenge
Perth's rental market is showing some signs of easing, although rents remain high and affordability continues to be a challenge for many Western Australians.
According to Cotality's Quarterly Rental Review for September 2026, Perth's median weekly dwelling rent reached $798, making it the second most expensive capital city in Australia, behind Sydney.
While rental growth has slowed, Perth rents are still 8% higher than a year ago. The city's vacancy rate has also increased to 2.2%, up from 1.2% a year earlier, suggesting renters may be starting to see a little more choice.
For property investors, Perth's gross rental yield is sitting at approximately 4.0%, with units continuing to offer higher yields than houses.
The figures highlight a market that's gradually becoming less competitive for tenants, but where the cost of renting remains a significant issue.
For WA, the need for more housing across a range of price points remains important, particularly as population growth continues to place pressure on existing supply.
You can explore the full findings in Cotality's Q3 2026 Quarterly Rental Review.
Source: Cotality Quarterly Rental Review – September Quarter 2026
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