5 Ways a Mini Makeover Can Boost Your Rental Yield

Perth’s rental market continues to show strong fundamentals heading into 2026,
with vacancy rates at historic lows and median rents rising steadily across both residential
and commercial sectors.

The Perth property market has been characterised by persistent undersupply over the past 24 months, with interstate migration and strong employment conditions continuing to drive demand. For landlords currently holding properties,
the conditions remain exceptionally favourable.

As of March 2026, Perth’s overall residential vacancy rate sits at approximately 0.8%, well below the 3% threshold generally considered a balanced market. This figure represents one of the tightest conditions seen in the Perth market
in over a decade, placing significant upward pressure on rental prices.

The commercial sector tells a similar story. South Perth and inner-suburban commercial precincts have seen renewed interest from small-to-medium enterprises seeking accessible, well-located office and retail spaces.
Enquiry volumes in Q1 2026 were up significantly compared to the same period last year.

For those with commercial properties in prime locations, this is an opportune time to review lease terms and ensure agreements reflect current market conditions. Our team at RH Property is available to provide no-obligation
appraisals and market assessments.