REIWA President Hayden Groves said that while on average it takes Perth landlords 45 days to secure a tenant for their rental, many suburbs across the metro area were experiencing faster leasing times. 

“In White Gum Valley for example, landlords are finding tenants for their rental properties in approximately 27 days – 18 days faster than the Perth Metro average, while in Scarborough and Shenton Park it takes 28 days and in Pearsall and Leederville 29 days,” Mr Groves said. 

The data from REIWA shows all but one of the suburbs on the list have a median house rent price above the Perth Metro median of $350 per week. 

This charming two-bedroom house is available for $430/week as featured on Thehomepage.com.au Image: Realmark Coastal

“Number six on the list, Floreat, has a median house rent of $543 per week, close to $200 more than the Perth Metro average,” Mr Groves said. 

“Many of these suburbs are well-established areas, typically popular with the trade-up and luxury segment of the residential market. This suggests that tenants are finding good value in suburbs that might otherwise be considered out of their price range, and are acting fast when rentals become available for lease," he said.

Source: REIWA

The data shows that all of the suburbs on the list, with the exception of Shenton Park, saw a notable improvement in average leasing days over the last year. 

“The Vines and White Gum Valley had the biggest reduction in average leasing days, experiencing declines of 34 days and 26 days respectively between May 2017 and 2018,” Mr Groves said. 

This sleek two-bedroom apartment is available for rent $400/week in Leederville, as featured on Thehomepage.com.au Image by Here Property.

“A combination of strong leasing activity levels and declining listings has caused the pendulum to start to swing in favour of landlords. This is particularly the case in those suburbs where we are observing quick leasing times. 

Source: REIWA

“Prospective investors who are considering purchasing an investment property in one of these suburbs are in a very good position to secure a tenant quickly," he said.

Find out more information on the rental market in Perth from the Perth Market Snapshot on the Real Estate Institute of Western Australia website.

Related reading:

Best time to buy in Perth since 2013: REIWA

Top end of the Perth market particularly strong: Lee Riddel, M Residential

The seven Perth suburbs selling more now than during the 2014 boom