Perth and Margaret River could appear on a revamped version of the classic board game Monopoly.

Old Kent Road, the cheapest development site on the board, could now be taken up with Adelaide, and Park Lane, the swankiest address on the board, may be swapped with Perth in the new version.

Premiers and Chief Ministers were asked to draw up lists of five regions in their State or Territory for the new Australian edition to be launched in June and people can vote for their favourites from today.

The locations chosen for WA were Perth, Margaret River, Broome, Exmouth and Kalgoorlie.

Other changes to the game will see railway stations replaced by the country