Despite its heart-stopping one-point loss to Collingwood on Friday night, two-time premiership Kangaroo David King believes West Coast is still the best team in the AFL.

Leading into Friday's thriller, the reigning premiers had won eight of their previous nine games to be one of the form teams of the competition.

West Coast currently sits fourth on the AFL ladder, two games behind first-placed Geelong and behind Collingwood and Brisbane on percentage.

King said the likelihood of hosting two September contests at Optus Stadium gives the Eagles a major boost over rivals.

"West Coast are going to get, in my opinion, the luxury of two home finals," King told SEN's Whateley.

"It's a massive advantage.

"It's a huge advantage, and it's going to challenge one of those other three or four teams to come to Perth and get the job done."

Geelong, Collingwood and Richmond round out King's current top four.

Gerard Whateley's top four consists of Collingwood, Richmond, Geelong and West Coast.

The Eagles will look to bounce back when they take on the Demons in Alice Springs on Sunday.