13/10/2026
π PERTH PROPERTY MARKET UPDATE β SALES REBOUND, BUT LISTINGS CONTINUE TO CLIMB!
Perth's property market bounced back last week, with 615 sales transactions, up 17.4% on the previous week.
π‘ House sales β 19.0%
π’ Unit sales β 20.0%
π± Land sales remained unchanged.
But the big story continues to be the number of properties available for sale.
There are now 8,289 properties on the market, up 3.4% in just one week and a remarkable 198.2% higher than this time last year.
That's almost three times as many properties for sale as 12 months ago!
π RENTAL MARKET REMAINS TIGHT
There were 1,992 properties available for rent, up slightly for the week but still 11.3% lower than a year ago.
Leasing activity strengthened, with 625 properties leased, up an impressive 37.7% on the previous week.
So, what does this mean?
π Buyers: More choice and potentially greater negotiating opportunities.
π Sellers: Buyers are active, but competition is increasing. Realistic pricing and effective marketing are essential.
π Investors: Rental availability remains tight, supporting demand for well-located investment properties.
My observation: Perth's market is clearly changing. Sales activity remains healthy, but the dramatic increase in listings means buyers now have considerably more choice.
The days of simply listing a property and expecting an immediate sale may be changing.
Local knowledge, correct pricing and good advice matter more than ever.