Own an investment property in Bayswater? Latest rental market data paints a very positive picture.
While rental conditions remain challenging for tenants across Australia, Perth continues to be one of the country’s standout performers. Driven by strong tenant demand, limited rental supply and consistently rising rents.
According to the latest Cotality Rental Review (Q2 2026), the national median rent has climbed to $705 per week, with rents increasing 5.9% over the past 12 months. Over the past five years, Australian rents have increased by more than 40%. Highlighting the ongoing shortage of rental accommodation nationwide.
Although rental growth has moderated slightly over the past quarter, demand continues to outstrip supply, with vacancy rates remaining exceptionally low across every Australian capital city.
Perth Continues to Lead Australia’s Rental Market
Perth has firmly established itself as one of Australia’s strongest rental markets.
The latest figures show Perth’s median weekly rent has increased to $784, making it the second-highest capital city rental market in Australia, behind only Sydney ($841 per week).
This reflects Perth’s strong economy, population growth, interstate migration and a persistent shortage of quality rental properties.
For investors, these market conditions continue to support excellent rental returns and strong tenant demand.
Bayswater Continues to Attract Investors and Tenants
Bayswater remains one of Perth’s most desirable inner-city suburbs, offering an outstanding combination of lifestyle, convenience and long-term investment potential.
Current median property prices are:
Median House Price: $1,215,000
2 Bedroom Homes: $1.11 million
3 Bedroom Homes: $1.28 million
4 Bedroom Homes: $1.38 million
At the same time, rental demand remains exceptionally strong, with current median weekly rents of:
2 Bedroom Homes: $672 per week
3 Bedroom Homes: $750 per week
4 Bedroom Homes: $990 per week
These figures highlight why Bayswater continues to attract both owner-occupiers and investors seeking a premium suburb with strong rental demand and excellent long-term growth prospects.
Located just minutes from the Perth CBD, Bayswater continues to benefit from the transformational Metronet redevelopment, upgraded train station, vibrant village precinct, quality schools, Swan River lifestyle and excellent transport links.
These lifestyle advantages continue to underpin strong buyer demand and support healthy rental returns.
Rental Supply Remains Tight
Across Australia, vacancy rates remain exceptionally low at just 1.6%, while rental listings sit almost 17% below the five-year average.
For Perth landlords, this means quality rental properties continue to attract strong enquiry and shorter leasing times.
In suburbs such as Bayswater, well-presented homes are particularly sought after, especially larger family homes where demand continues to exceed supply.
How Does Perth Compare?
While Perth continues to perform strongly, other Australian cities tell a mixed story.
Sydney remains Australia’s most expensive rental market, while Brisbane has continued to experience solid rental growth.
Melbourne remains one of the most affordable mainland capitals for renters, while Adelaide continues to record some of the lowest vacancy rates in the country.
These national comparisons reinforce Perth’s unique position—offering investors comparatively affordable property prices, excellent rental returns and sustained tenant demand.
What Does This Mean for Bayswater Property Owners?
Whether you’re an experienced investor or own just one rental property, now is an excellent time to review your investment strategy.
Ask yourself:
Is your property achieving today’s market rent?
Has your property’s value increased more than you realise?
Would a small renovation increase both rental return and resale value?
Is it the right time to continue holding, refinance or consider selling?
Every property and every investor’s circumstances are different.
At Lay2 Real Estate, we provide honest, local advice backed by years of experience in the Perth and Bayswater property markets.
Whether you’re looking to maximise your rental income, understand your property’s current value or discuss your next move, we’re here to help.
Thinking About Your Next Move?
If you’d like to know what your Bayswater or Perth investment property is worth—or what rental return it could achieve in today’s market—contact the team at Lay2 Real Estate for a confidential, no-obligation property review.
Mick Lay – 0434 774 939
Steve Lay – 0419 191 100
Lay2 Real Estate
Helping Perth property owners make informed decisions with confidence.