CLARKSON was the fourth fastest leasing suburb for units in Perth in 2024-25.
The median time to lease a unit in Clarkson in the past financial year was 12 days while the annual median rent increased by 16 per cent to $580 per week.
REIWA president Suzanne Brown said properties continued to rent quickly in 2024-25, with the median time to lease a property hovering around two weeks for most of the year.
“Westminster was the fastest leasing suburb for units, with vacancies filled in a median of eight days,’’ she said.
Rent prices reached new highs in 2024-25 with the median weekly unit rent sitting at $660 at the end of the financial year.
“Although prices have increased, a significant change this financial year has been the rate of growth.
The median weekly unit rent increased 10.0 per cent in 2024-25 compared with 14.3 per cent in 2023-24 and 19.3 per cent the year before.
“The upward pressure on prices has been easing as a result of an increase in supply and a softening of demand.
“However, our population is still growing strongly, there are still constraints in the building industry and rental supply remains about 5 per cent below the peak recorded in February 2021, so more increases are likely.”
Ms Brown said the strong growth in property prices and lower growth in rent prices saw yields decline slightly over 2024-25, although they remained strong.
The unit market outperformed houses for yield.
