Perth’s Suburbs With High Rental Yields That Investors Will Love
Perth has some of the highest rental yields of any Australian capital, and 8 Perth suburbs now return more than 6% gross, according to PropTrack Terri Scheer Investor Report 2026. If you’re looking at high rental yield suburbs in Perth, or wondering how your current investment compares, here’s what the latest numbers show and what they mean in practice.
We’re a local property management team based on Wellington Street in the Perth CBD, so we see these figures play out in real leases every week. A headline yield is a starting point; what you actually keep depends on costs, vacancies and how well your property is managed.
Want to know what your property could rent for? Book a free rental appraisal with our team.
Perth suburbs with rental yields above 6%
The table below lists the Perth suburbs in the latest figures, highest yield first.
| Suburb | Property type | Median sale price | Median asking rent | Indicative gross rental yield |
|---|---|---|---|---|
| Northbridge | Unit | $660,000 | $750 | 6.5% |
| East Perth | Unit | $688,000 | $750 | 6.4% |
| Perth | Unit | $641,000 | $750 | 6.3% |
| Glendalough | Unit | $535,932 | $650 | 6.3% |
| West Perth | Unit | $677,500 | $750 | 6.1% |
| Wembley | Unit | $580,000 | $600 | 6.1% |
| Cloverdale | Unit | $610,000 | $700 | 6.0% |
| Rivervale | Unit | $650,000 | $700 | 6.0% |
Source: PropTrack Terri Scheer Investor Report published on realestate.com.au, October 2026. Figures are medians for the 12 months and change regularly.
What the list tells us
Many high-yield suburbs sit further from the CBD, where prices are lower relative to rents. In the inner city, apartments in suburbs such as East Perth, Northbridge and the CBD often show stronger yields than houses, but building, strata levies and floor plan make a big difference.
What a 6% yield really means for Perth investors
The yields in these lists are gross yields: a year’s rent divided by the purchase price, before any costs.
Gross yield = (weekly rent × 52) ÷ property price × 100
Illustrative example only (not a real property): an apartment bought for $400,000 and rented at $500 a week earns $26,000 a year, a gross yield of 6.5%.
Gross vs net yield
Net yield takes out the costs of owning the property. In Perth, these usually include strata levies, council and water rates, landlord insurance, property management fees, repairs and maintenance, and any weeks the property sits empty. Two properties with the same gross yield can leave very different amounts in your pocket.
Yield isn’t the whole picture
Higher-yield suburbs don’t always see the strongest long-term price growth, and lower-yield suburbs sometimes do. Most investors balance the two against their own goals, cash flow and borrowing. This article is general information only; speak to a licensed financial adviser or accountant before making an investment decision.
How good property management protects your yield
The gap between gross and net yield is where property management in Perth makes the biggest difference. Our team at AZ Property looks after long-term rentals and short-stay apartments across the CBD and inner suburbs, and focuses on the things that keep your return steady:
- Shorter vacancies. Accurate pricing, quality photos and quick inspection bookings help find the right tenant sooner. We can’t promise a leasing time, but we work to keep empty weeks to a minimum.
- Careful tenant screening. We check references, rental history and ability to pay, which lowers the risk of arrears and damage.
- Regular rent reviews. We review rent against the local market and follow current WA tenancy rules on how often and how rent can be increased.
- Routine inspections and maintenance. Inspections every 3 – 6 months and fast repairs protect the property and keep good tenants longer.
- Clear statements. Monthly statements and an end-of-financial-year summary for your accountant.
- A property manager who picks up the phone. Whether you live in Perth, interstate or overseas, you’ll always know who to call.
Getting the most from your rental property
A strong suburb gives you a head start, but small decisions about the property itself often decide how much rent it earns and how long good tenants stay. A few that make a difference in Perth:
- Price it right from day one. Rent set too high can mean weeks of vacancy that cost more than a slightly lower rent. A rental appraisal based on recent local leases gives you a realistic starting point.
- Present it well. A thorough clean, fresh paint where needed and professional photos help your listing stand out when tenants compare several properties in one weekend.
- Make sensible upgrades. Features Perth tenants look for, such as air-conditioning, good window coverings, secure parking and storage, can widen your pool of applicants. Weigh each cost against the likely rent difference before you spend.
- Consider furnished or short-stay. In some inner-city buildings, a furnished apartment suits corporate and relocation tenants, or works as a holiday rental, if strata rules allow it.
- Keep good tenants. Quick repairs and respectful communication encourage tenants to renew, which saves on re-letting costs and empty weeks.
- Review your costs each year. Check insurance, strata levies and maintenance spending, and ask your accountant whether a depreciation schedule is worthwhile for your property.
None of these guarantee a particular rent, but together they help your property compete for the best tenants.
Not happy with your current manager?
If vacancies, slow repairs or missed calls are eating into your return, switching is simpler than most owners expect. Read How to Change Property Managers in Perth for the steps, notice periods and what happens to your tenants.
Could short-stay earn more?
Some inner-city apartments can earn more as a short-stay or holiday rental, while others do better on a long-term lease once cleaning, furnishing, building rules and registration are factored in. Compare the options in Long-Term vs Short-Stay Rental in Perth: Which Earns More?
FAQs
What is a good rental yield in Perth?
There’s no single number, because a good yield depends on your goals and costs. Many investors see a gross yield above 5% as solid.
Do houses or units have higher rental yields in Perth?
Units often show higher gross yields because they cost less to buy relative to the rent they earn. Strata levies reduce the net figure, so compare net yields too.
How do I work out the rental yield on my property?
Multiply the weekly rent by 52, divide by the property’s value, and multiply by 100. For a more accurate picture, subtract your yearly costs from the rent first to get the net yield.
Are high-yield suburbs a good investment?
They can suit investors who want stronger cash flow, but yield is only one factor alongside growth, vacancy rates and demand. Get advice from a licensed financial adviser before you buy.
Can a property manager increase my rental yield?
A property manager can’t guarantee a higher return, but setting the right rent, keeping vacancies short and holding onto good tenants all help protect it.
Talk to a local Perth property manager
Whether you already own an investment property or you’re weighing up which suburb to buy in, our team can show you what your property could realistically earn. Visit us at 2/600 Wellington Street, Perth, call 08 9355 2757, or book a free rental appraisal.
