Every week, REIWA pulls together fresh sales and rental figures that give Perth property owners, buyers and investors a real-time read on the market. The latest Perth property market snapshot, covering the week ending 13 September 2026, shows a property scene that’s shifting gears rather than standing still.
Sales activity eased back, listings climbed for the seventh week running, and rental supply stayed tight. If you’re weighing up a move in the current market, these numbers matter more than the headlines. Here’s what actually happened, suburb by suburb, and what it could mean for your next decision.
Why Weekly Market Data Matters
Perth’s property market has been through a remarkable few years, with prolonged stock shortages pushing prices and rents higher across most of the metro area. Weekly market data from REIWA is one of the few tools that lets owners, buyers and investors track how that story is evolving in close to real time, rather than waiting for a quarterly report that’s already out of date by the time it lands.
A single week’s market figures can be noisy, particularly in smaller categories like vacant land or luxury sales, where a handful of transactions can swing a percentage dramatically. That’s why it pays to read each weekly market snapshot alongside the four-week and 12-month comparisons, which smooth out the noise and reveal the underlying trend more clearly.
This week’s market snapshot is a good example of that principle in action. Taken on its own, a 12.4 per cent fall in sales might look alarming. Read alongside a 157.2 per cent jump in listings over the past year, it tells a much more constructive story about a market finding its feet again after an extended period of scarcity.
Sales Activity: A Look at the Numbers
REIWA members reported 600 sales transactions across Perth last week, a fall of 12.4 per cent on the week before. That’s a meaningful pullback, but it wasn’t even across every property type. Houses did most of the heavy lifting on the way down, while units actually gained ground.
| Property Type | Weekly Change |
|---|---|
| Houses | Down 8.8% |
| Units | Up 4.3% |
| Land | Down 56.6% |
The land figure looks dramatic, but vacant land sales are a small slice of the overall property picture and tend to swing sharply week to week on low volumes. A handful of settled or unsettled contracts can move that percentage a long way, so it’s worth reading in context rather than in isolation.
The unit result is the more interesting story for anyone watching apartment and villa demand in Perth. A 4.3 per cent lift while houses and land both retreated suggests buyers are still actively chasing more affordable, lower-maintenance stock, even as overall sales momentum cools slightly.
Top Performing Suburbs for Sales
Five suburbs stood out for sales volume last week, spread right across the metro area from the northern suburbs to the outer south-east corridor.
| Rank | Suburb | Sales |
|---|---|---|
| 1 | Balga | 10 |
| 2 | Baldivis | 8 |
| 3 | East Perth | 8 |
| 4 | Forrestfield | 8 |
| 5 | Morley | 8 |
Balga’s result is notable given it’s traditionally an affordable, owner-occupier and investor-friendly suburb roughly 10km north of the CBD. Baldivis continues its run as one of Perth’s most consistent land and house-and-land performers in the south-east, while East Perth’s inclusion shows apartment and townhouse demand close to the city hasn’t slowed.
Forrestfield and Morley round out the list, both established suburbs that have benefited from renewed buyer interest in well-located, mid-priced housing stock over the past year.
Highest and Lowest Sale Prices Recorded
The spread between Perth’s most and least expensive sales last week is a useful reminder of just how varied conditions are depending on location and land size.
| Suburb | Price | |
|---|---|---|
| Highest sale | Mundaring | $2,400,000 |
| Lowest sale | Crawley | $400,000 |
Mundaring’s result reflects the Perth Hills’ acreage and lifestyle segment, where larger landholdings and established rural-residential properties routinely sell well above metro median figures. It’s a segment that attracts a specific type of buyer chasing space, privacy and views rather than proximity to the CBD.
The Crawley figure is more of a surprise. Crawley is one of Perth’s most tightly held and typically expensive riverside suburbs, so a $400,000 result likely points to a smaller apartment, a strata title with limitations, or a property requiring significant work, rather than a shift in the suburb’s broader value. Either way, it’s a good example of why median suburb prices tell a more reliable story than any single transaction.
Listings on the Rise: What’s Available for Sale
While sales slowed, the number of properties coming up for sale kept climbing. There were 7,565 properties for sale across Perth at the end of last week, up 2.9 per cent on the week before.
| Property Type | Weekly Listing Change |
|---|---|
| Houses | Up 3.6% |
| Units | Up 1.1% |
| Vacant Land | Up 2.2% |
The bigger story sits in the longer-term comparisons. Last week’s total is 6.9 per cent higher than four weeks ago, and a striking 157.2 per cent higher than the same week a year ago. That’s more than double the stock on offer compared to this time last year, a genuine shift after several years of chronically tight supply across Perth.
For buyers who have felt priced out or squeezed by limited choice over the past few years, this is arguably the most important number in the entire snapshot. More listings mean more genuine choice, more room to negotiate, and less pressure to make a rushed decision on the first suitable property that comes along.
For sellers, it’s a signal that the days of listing on a Friday and fielding multiple offers by Monday may be easing in some segments. Presentation, pricing and marketing are starting to matter more again as buyers get more options to compare.
Perth’s Rental Market in Focus
The rental side of the picture told a different story again. REIWA members reported 2,029 properties for rent in Perth at the end of last week, broadly in line with the week prior.
| Timeframe | Change in Rental Listings |
|---|---|
| Vs. previous week | Roughly steady |
| Vs. four weeks ago | Down 4.1% |
| Vs. one year ago | Down 5.5% |
Rental supply has actually tightened compared to both a month ago and a year ago, which keeps Perth’s rental market firmly in landlord-favourable territory even as the sales market loosens up. That’s an important distinction for anyone assuming the whole property landscape is moving in the same direction at once — sales and rentals are behaving quite differently right now.
Top Performing Suburbs for Rentals
Leasing activity was concentrated in growth corridors and inner-city pockets last week.
| Rank | Suburb | Properties Leased |
|---|---|---|
| 1 | Baldivis | 21 |
| 2 | Rivervale | 16 |
| 3 | Perth | 15 |
| 4 | Yanchep | 12 |
| 5 | Eglinton | 11 |
Baldivis topped both the sales and rental suburb tables last week, underlining just how much activity is flowing through this south-east growth corridor at the moment. Yanchep and Eglinton, both fast-growing suburbs in Perth’s northern corridor, also feature strongly, reflecting steady population growth and new housing supply in those areas.
Rivervale and the Perth CBD postcode both point to consistent demand for well-located, rental-ready apartments and units close to the city and the Swan River.
Across Perth as a whole, REIWA members reported 622 properties leased last week. That’s down 1.9 per cent on the previous week, down 15.6 per cent on four weeks ago, and down 10 per cent on this time last year, even with listings holding roughly steady. Fewer leasing transactions against a backdrop of tightening supply reinforces just how competitive the rental scene remains for tenants right now.
What Falling Sales and Rising Listings Mean for the Perth Market
Put together, this snapshot paints a property scene in transition rather than one in decline. Sales slowed for the week, but that follows an extended run of stock shortages, so a cooling in transaction pace alongside a genuine lift in listings is arguably a sign of a market finding better balance.
The 157.2 per cent jump in listings compared to a year ago is the standout figure in this entire report. It reflects more vendors testing conditions, more stock working through settlement, and potentially more confidence among sellers who may have been holding off in tighter conditions previously.
At the same time, rental listings remaining below both the four-week and 12-month comparisons shows the supply pressure in that end of the sector hasn’t gone anywhere. Investors weighing up whether to sell or hold, and tenants trying to plan their next move, are operating in genuinely different conditions to buyers and sellers on the sales side.
Advice for Buyers in the Current Market
With more properties for sale than Perth has seen in well over a year, buyers are in a stronger negotiating position than they’ve had for some time. A few practical steps can help make the most of it.
- Get finance pre-approval sorted before you start inspecting, so you can move confidently when the right property appears.
- Compare recent sale prices in your target suburb rather than relying on advertised price guides alone.
- Don’t assume every listing will attract competing offers — with more stock on offer, there’s often room to negotiate on price and settlement terms.
- Factor in the full weekly and monthly REIWA data, not just one suburb’s headline sale, when judging whether a price feels fair.
Advice for Sellers in the Current Market
With more listings and slightly slower weekly sales, sellers still have plenty of opportunity, but the approach needs to be sharper.
- Presentation and photography matter more when buyers have genuine alternatives to compare your property against.
- Price realistically from day one — overpricing while stock levels are rising risks a longer time on market and price reductions later.
- Lean on local, suburb-specific data rather than city-wide averages when setting expectations, since results vary enormously between suburbs even within the same week.
- Consider timing your campaign around periods of strong buyer activity in your specific suburb, informed by recent sales volumes.
Advice for Landlords and Renters
The rental scene tells a very different story to the sales side, and that has real implications on both sides of a lease.
For landlords, tightening supply against falling four-week and annual listing numbers suggests rental demand remains resilient, which is a supportive backdrop for maintaining or reviewing rents at renewal. For renters, that same tightness means moving quickly on suitable properties and having paperwork and references ready before you inspect is still essential.
Perth Market Outlook
No single week’s snapshot tells the whole story, but the trend lines building over the past month and year are worth paying attention to. Listings for sale are climbing steadily, sales activity is easing off its recent highs, and rental supply remains under pressure even as leasing activity itself slows.
If listings keep climbing at anything like their current pace, Perth’s sales market could look meaningfully different by early 2027 than it has for much of the past three years. A market shifting from chronic undersupply toward genuine choice tends to favour buyers on negotiating power, while still rewarding sellers who price and present well. Keeping an eye on REIWA’s weekly market updates over the coming months will be the clearest way to track whether that shift continues.
For anyone with a decision to make in the months ahead, whether that’s buying, selling, leasing or investing, this is a property scene that rewards paying attention to the detail rather than reacting to any single week’s headline number.
Frequently Asked Questions
Is the Perth property market slowing down?
Weekly sales did fall 12.4 per cent, but this needs to be read alongside a 157.2 per cent increase in listings compared to a year ago. It points to a property landscape rebalancing after a prolonged period of low stock, rather than a broad-based downturn.
Why did land sales drop so sharply?
Vacant land sales are a smaller, more volatile category. A 56.6 per cent weekly fall reflects low transaction volumes rather than a structural shift in demand, and figures in this category can swing significantly from one week to the next.
Is now a good time to buy in Perth?
With more properties for sale than at any point in the past year, buyers have more genuine choice and negotiating room than they’ve had for some time. Speaking with a local agent about suburb-specific conditions is the best way to judge timing for your situation.
Why is the rental market still so tight if listings for sale are rising?
Sales and rental segments are driven by different factors. Rental listings are down on both the four-week and 12-month comparisons, showing that supply-side pressure in the rental sector hasn’t eased even as more stock comes onto the sales side.
Thinking of Buying, Selling or Leasing in This Market?
Whether you’re weighing up more choice as a buyer, wondering how to stand out as a seller in a market with rising stock levels, or trying to navigate a still-tight rental sector as a landlord or tenant, the Holdsworth Real Estate team can talk you through what this week’s REIWA figures mean for your specific suburb. Get in touch for a current appraisal or a no-obligation chat about your next move.
