10 best suburbs in Perth to invest in 2025
Looking to buy a property in Perth? These are the 10 best suburbs in Perth to invest in for 2025, based on overall market performance

Looking to buy a property in Perth? These are the 10 best suburbs in Perth to invest in for 2025, based on overall market performance
KEY POINTS
- While Perth has been leading on quarterly property price growth, the Western Australian capital’s performance has lagged in other areas.
- Perth has some big infrastructure projects in the mix, but less than elsewhere in Australia.
- While Perth’s previous property boom could be partly attributed to its cheap houses, the relative bargains are now being found in the unit market.
After two consecutive years as the national leader on price growth, Perth is unlikely to repeat the same market performance in 2025. It was evident in the latter part of 2024 that Perth’s rate of growth was slowing month on month.
While analysis for 2025 still has Perth leading on quarterly price growth, the Western Australian capital’s performance has lagged in other areas. Sales activity has declined, vacancy rates are easing, and rents are no longer rising. Perth has some big infrastructure projects in the mix but, on a per capita basis, less than most jurisdictions.
A key trend is that more buyers are pivoting to attached dwellings. One of the main catalysts for the Perth boom of recent years was its cheap houses, but now the city’s median house price is similar to Melbourne and Adelaide. The relative bargains are now being found in the unit market.
The data below was prepared in February 2025 with suburb median prices, growth rates, vacancy rates and median rental yields provided by Hotspotting by Ryder and initial outlay and monthly repayments calculated by Canstar Research.
Top 10 best suburbs in Perth to invest in 2025
- Balcatta
- Cloverdale (Unit)
- Kingsway
- Leederville (Unit)
- Maylands (Unit)
- Nollamara
- Perth CBD (Unit)
- Piara Waters
- Swan View
- Yokine (Unit)
Balcatta
The Stirling LGA is consistently a leading performer among the Perth property markets—and the suburb of Balcatta provides a worthy case study. This middle ring suburb north of the Perth CBD offers commercial and retail sectors as well as residential, access to the Mitchell Freeway, parks and reserves, and several schools. Prices and rents both rose more than 20% in the past year, with buyer activity rising and vacancies at 0.9%.
Cloverdale (U)
This suburb of the inner-city Belmont LGA is close to the airport, the CBD and the Belmont Forum shopping mall—a leading example of locations where buyers are pivoting towards units. The median house price rose 31% in the past 12 months and now tops $700,000, with units now providing an affordable alternative at a median price of $450,000. With vacancies at 0.6%, unit rents have recorded an annual rise of 21% and yields are close to 7%.
Kingsley
This northern suburb offers a lot in lifestyle and amenities; Kingsway City Shopping Centre, Kingsley Tavern, rail and motorway links to central Perth, several schools, plus multiple major green spaces including the parks and reserves around Lake Goollelal. Prices rose 20% in the past 12 months and residential rents, supported by vacancies at 0.5%, increased 15%.
Leederville (U)
Leederville features the Beatty Park Leisure Centre, Britannia Road Reserve and the nearby Lake Monger Reserve. With the average house now fetching $1.3 million, there’s more demand directed at the attached dwelling market in inner-city Leederville, where you can buy units at half the price, despite a 12% rise in the median price in the past year. With vacancies low, rents rose even more (16%).
Maylands (U)
Near-city Maylands sits on the Swan River peninsula with major green space areas including nature reserves, the Maylands Peninsula Public Golf Course and the Maylands Waterland. Maylands is a hugely popular market, with over 500 dwelling sales in 2024, dominated by units where the median price is an affordable $435,000, despite a 24% increase in the past year. Rents increased 14% on the very low vacancies.
Nollamara
Few locations across Australia have recorded annual growth above 23% in both house prices and rents. Nollamara, where buyer demand remains consistent and rental vacancies are 0.4%, has achieved this off the back of a good location in the City of Stirling in Perth’s north and good basic infrastructure, including shopping centres, schools and green spaces.
Perth CBD (U)
The many lifestyle features of the inner city include river frontage and Kings Park and Botanic Garden. The CBD unit market doesn’t have a stellar capital growth record, but that is changing: almost 700 units sold in the past 12 months and the median unit price up 10%, but still under $500,000. For investors, vacancies under 1% and yields above 7%, boosted by an 11% annual rise in rents.
Piara Waters
The City of Armadale in the south of Greater Perth has been targeted by home buyers and investors for its cheap houses over the past two years, however Piara Waters is an outlier in an otherwise affordable area. Four years ago it had a median house price around $480,000 and now, after some stellar growth, it sits above $800,000, including a 23% rise in 2024. Buyer demand remains consistently strong here, against the overall Perth trend.
Swan View
A lifestyle suburb on the eastern fringe of Greater Perth, Swan View sits on the edge of the Darling Scarp beside the John Forrest National Park. With one of the best five-year capital growth records in the WA capital, it averages 13% a year, helped by a 17% rise in 2024. Rents recorded a similar uplift last year, with vacancies around 0%.
Yokine (U)
Just 7km north of the Perth CBD, Yokine has a major shopping centre, a golf club and large green spaces, ensuring consistent buyer demand for both houses and units. The median price for units, $475,000, is roughly half that for houses, despite a 23% increase in 2024. Rents rose almost 20%, with vacancies at 0.7%.
The comparison rate for all home loans and loans secured against real property are based on secured credit of $150,000 and a term of 25 years.
^WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Canstar may earn a fee for referrals from its website tables, and from Sponsorship or Promotion of certain products. Fees payable by product providers for referrals and Sponsorship or Promotion may vary between providers, website position, and revenue model. Sponsorship or Promotion fees may be higher than referral fees. Sponsored or Promoted products are clearly disclosed as such on website pages. They may appear in a number of areas of the website such as in comparison tables, on hub pages and in articles. Sponsored or Promoted products may be displayed in a fixed position in a table, regardless of the product’s rating, price or other attributes. The table position of a Sponsored or Promoted product does not indicate any ranking or rating by Canstar. For more information please see How We Get Paid.
Best suburbs in Perth to invest 2025
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Suburb | Median price |
1-year growth (p.a %) |
10-yr average annual growth (p.a %) |
Vacancy Rate |
Median Rental Yield (p.a %) |
Initial outlay (no concessions) on 20% deposit |
Monthly Repayment |
---|---|---|---|---|---|---|---|
Balcatta | $790,000 | 23% | 11% | 0.90% | 4.70% | $190,372 | $3,871 |
Cloverdale (Unit) |
$450,000 | 18% | 8% | 0.60% | 6.90% | $105,901 | $2,205 |
Kingsway | $910,000 | 20% | 11% | 0.50% | 4.30% | $220,592 | $4,459 |
Leederville (Unit) |
$615,000 | 12% | 6% | 0.30% | 5.50% | $146,779 | $3,013 |
Maylands (Unit) |
$435,000 | 24% | 7% | 0.40% | 6.00% | $102,189 | $2,131 |
Nollamara | $615,000 | 28% | 11% | 0.40% | 5.30% | $146,779 | $3,013 |
Perth CBD (Unit) |
$480,000 | 10% | 2% | 0.90% | 7.20% | $113,326 | $2,352 |
Piara Waters |
$820,000 | 23% | 11% | 1.50% | 4.80% | $197,937 | $4,018 |
Swan View |
$630,000 | 17% | 13% | 0.00% | 5.10% | $150,491 | $3,087 |
Yokine (Unit) |
$475,000 | 23% | 9% | 0.70% | 5.80% | $112,089 | $2,327 |
Source: www.canstar.com.au. Prepared in February 2025. Based on a selection of suburbs’ median prices, growth and rent figures provided by Hotspotting by Ryder. Initial outlay figures include the deposit, stamp duty, mortgage registration and transfer fees; and lenders’ mortgage insurance (LMI) premium for the 10% deposit scenarios. Stamp duty calculated based on an owner occupier purchase of an established dwelling where applicable. FHB concessions include stamp duty only. LMI premium based on Helia LMI Premium Calculator for an owner occupier borrower and a loan term of 30 years. Monthly repayments calculated based on the interest rates of 6.20% (20% deposit) and 6.34% (10% deposit) and a loan term of 30 years. Interest rates based on the RBA Lenders’ Interest Rates (November 2024). Percentage of income based on the average total income by Greater Capital City Statistical Area (ABS Personal Income, 2021-22), adjusted by the ABS Wage Price Index (Sep-2024) for each state.
What are some of the factors that are affecting the Perth market?
Sales volumes
This is the weakest category for Perth in a generally pallid result. In the latest analysis, only 19% of Perth suburbs have positive trends with sales activity, which is a key forward indicator of price trends.
Quarterly price growth
While sales activity has dropped across Perth, it takes time for this to filter through to prices. In the quarter under review, three-quarters of Perth locations still had median price growth above 2%. We can expect lower performance in future quarters.
Vacancy rates
With so many investor purchases in the past year, rental supply has risen. A little over half of Perth suburbs have a vacancy rate below the 1% benchmark; it was close to 100% a year ago.
Rental growth
A year ago, nine out of ten Perth suburbs recorded annual rental increases above 10%. Since then, the rental market has changed, with seven out of ten suburbs recording rent rises above the new benchmark of 5%.
Infrastructure spending
Perth has a reasonable program of investment in infrastructure, though not as prolific as most other jurisdictions on a per capita basis.
The comparison rate for all home loans and loans secured against real property are based on secured credit of $150,000 and a term of 25 years.
^WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Up to $4,000 when you take out a IMB home loan. Minimum loan amounts and LVR restrictions apply. Offer available until further notice. See provider website for full details. Exclusions, terms and conditions apply.
Canstar may earn a fee for referrals from its website tables, and from Sponsorship or Promotion of certain products. Fees payable by product providers for referrals and Sponsorship or Promotion may vary between providers, website position, and revenue model. Sponsorship or Promotion fees may be higher than referral fees. Sponsored or Promoted products are clearly disclosed as such on website pages. They may appear in a number of areas of the website such as in comparison tables, on hub pages and in articles. Sponsored or Promoted products may be displayed in a fixed position in a table, regardless of the product’s rating, price or other attributes. The table position of a Sponsored or Promoted product does not indicate any ranking or rating by Canstar. For more information please see How We Get Paid.
Cover image source: Paola Giannoni/istockphoto.com
This article was reviewed by our Finance Editor Jessica Pridmore before it was updated, as part of our fact-checking process.

The comparison rate for all home loans and loans secured against real property are based on secured credit of $150,000 and a term of 25 years.
^WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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The comparison rate for all home loans and loans secured against real property are based on secured credit of $150,000 and a term of 25 years.
^WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.