The top performing suburbs of 2025: Perth

Perth’s property market saw significant growth again in 2025, with median sale prices* for houses ($840,000) and units ($590,000) at record highs at the end of the year.  

REIWA President Suzanne Brown said the unit market outpaced houses for price growth. 

“As houses have become less affordable, more people have looked to the unit market, which includes villas, townhouses, home units, flats and apartments. These are generally more affordable options, particularly for first home buyers and people wanting to live close to the city and popular lifestyle areas,” she said. 

“The increase in demand has put stronger upward pressure on median unit prices, with the median unit sale price rising 18.0 per cent in 2025, compared to 12.0 per cent for the median house sale price.” 

Ms Brown said the increasing demand in the unit market was reflected in the changes in the top 10 lists for price growth.  

“In 2024, both the top performing suburbs for houses and units recorded median sale price growth over 50 per cent. This year, the top performing suburb for houses recorded 35.0 per cent growth, while the top performing suburb for units saw 51.6 per cent growth,” she said. 

Viveash recorded the most growth for houses, with its median house sale price increasing 35.0 per cent to $810,000. 

Jolimont was the top performing suburb in the unit market, with its median sale price rising 51.6 per cent to $940,000. 

The time to sell a property slowed in early 2025, following a surge of new listings in late 2024, but accelerated in the second half of the year as the number of new listings declined. 

“We saw the number of new listings decline significantly in Winter and, while they increased in Spring, the improvement wasn’t large enough to offset demand,” Ms Brown said.  

“As a result, the time to sell a house dropped to a median of eight days in September and October, compared to around two weeks in the first half of the year. 

“The median sale time for units reached a record low of eight days in October and November.” 

Stratton was the fastest selling suburb for houses, with properties selling in a median of six days.  

The fastest selling suburb for units was Yokine, where properties sold in a median of six days. 

Perth rental market

While rent prices are at record highs, the rate of price growth continued to slow over 2025 and the market showed periods of stability. 

“For example, the median house rent reached a record $700 in August. It dropped slightly in September before returning to $700 for the remainder of the year. It ended 2025 4.5 per cent higher over the year, compared to the 8.1 per cent growth recorded in 2024,” Ms Brown said. 

“The median weekly unit rent price rose 4.6 per cent over 2025 to a record $680, compared to a 14.0 per cent increase in 2024. 

“We are not out of the woods yet in the rental market, but the periods of price stability we’ve seen over the past year and the lower rate of annual growth are encouraging.” 

Ms Brown said the Perth vacancy rate also reflected the general softening in the rental market, remaining at or above 2 per cent for all of 2025. 

“This is good news, but the improvement in the market is not uniform across Perth. Competition for rental properties is very high in some suburbs, particularly those that are closer to the city where our members report their vacancy rates are very low,” she said. 

“If you are looking for a home and are able to live further from the CBD, outer suburbs with a lot of new rental supply tend to offer more choice and more competitive pricing.” 

Despite property prices recording strong growth and rent price growth slowing, Perth property still provided good yields for investors. 

“Yields have declined marginally from 2024,” Ms Brown said. 

“The top 10 suburbs for houses all recorded yields over 5.0 per cent, while the top 10 for units all achieved yields over 6.5 per cent. There were several suburbs that were also on the 2024 lists, indicating strong investment potential. 

“While these are good numbers, it is important to remember they are for the suburb, not individual properties. Investors should do their research into potential investments based on their own goals. For example, are they looking for long-term capital growth or do they want a strong regular rental income.  

“They should also speak to local REIWA property managers about the level of demand in the areas where they are looking to buy, the type of property that is popular with tenants, and the potential rental income, to ensure the success of their investment.” 

Cannington topped the list for rental yield for houses in 2024 and retained the number one position in 2025, with a yield of 5.3 per cent, based on its median house sale price of $685,500 and a median weekly rent price of $700. 

Spearwood kept the title of top performing suburb for units, with a yield of 7.3 per cent. This was based on a median unit sale price of $464,000 and a median weekly rent price of $650. 

When it came to rent price growth, East Fremantle recorded the largest increase in median weekly house rent, rising 29.4 per cent over the year to $1,100. 

In the unit market, Beckenham was the top performing suburb, with its median rent up 18.2 per cent year-on-year to $650 per week.  

Properties continued to rent quickly in 2025, with the median time to lease a property hovering in Perth around two weeks for most of the year. 

Shelley was the fastest leasing suburb for houses, with houses leasing in a median of 10 days. 

Bassendean was the fastest leasing suburb for units, with vacancies filled in a median of 11 days.

Top 10 suburbs for rental yield (houses)