For the week ending August 24, 2025

Welcome to your weekly overview of the Perth property market! This week’s numbers paint a clear picture of strong buyer activity and continued pressure on housing supply, creating prime conditions for sellers and a competitive landscape for buyers.

Let’s dive into the key trends.

Sales Activity Shows Strong Momentum

It was a busy week across Perth, with our colleagues at REIWA reporting a total of 825 sales transactions, a healthy 3.5% increase from the previous week.

The big story is in the unit market, which saw a significant 13.5% jump in sales activity. This signals growing demand for apartments, villas, and townhouses, likely driven by affordability and lifestyle appeal. House sales also saw a solid 2.5% increase, reinforcing the consistent demand for traditional homes.

This week’s most active suburbs were:

  • Baldivis (13 sales)
  • Perth (13 sales)
  • Maylands (11 sales)
  • Scarborough (11 sales)
  • Byford (10 sales)

The market showcased its incredible diversity, with sales ranging from a stunning $5,900,000 property in South Perth to an accessible $270,000 home in Mandurah.

Listings Squeeze: It’s a Seller’s Market

The core theme of the Perth market remains the tight supply of available homes. At the end of last week, there were only 3,145 properties for sale, a figure that’s 0.7% lower than the week prior and a significant 9.3% lower than this time last year.

Fewer homes on the market mean more buyer competition for each listing. For anyone considering selling, this is the key takeaway: your property will command attention in the current environment.

Rental Market Heats Up

The rental market is experiencing similar pressures, with tenant demand far outstripping supply.

The number of available rental properties fell by another 3.4% last week to just 2,234. At the same time, leasing activity surged, with 9.3% more properties leased than the previous week. Compared to a year ago, leasing activity is up an impressive 12%.

This intense demand means properties are leasing quickly, making it a highly favourable time for property investors.

The busiest suburbs for rentals were:

  • Baldivis (28 leases)
  • Perth (17 leases)
  • Rockingham (15 leases)
  • East Perth (12 leases)
  • West Perth (12 leases)

What This Means For You

  • For Sellers: With listing numbers down almost 10% on last year and buyer activity on the rise, there has rarely been a better time to achieve a premium price for your property. Less competition means your home stands out.
  • For Buyers: The market is moving quickly. It’s essential to have your finances in order and be ready to act decisively when you find the right home.
  • For Landlords: Tenant demand is exceptionally high. You can expect minimal vacancy periods and a strong pool of applicants for your investment property.

Thinking of making a move?

Whether you’re curious about your home’s current value, looking for your next property, or need expert management for your investment, our team is here to help you navigate this dynamic market.

Contact us today for a no-obligation chat about your property goals!