Welcome to our weekly wrap-up of the Perth real estate market. As we close out the first month of 2026, the data shows a market that is shifting gears. While sales volume has taken a slight breath after the holiday period, inventory levels are beginning to replenish, offering new opportunities for buyers who have been waiting for more choice.
Here is what you need to know about the week that was.
🏡 Sales Market Snapshot
Overall sales activity cooled slightly last week, with 674 transactions reported by REIWA members. This represents a 12.4% decrease compared to the previous week.
While established homes and units saw a dip in activity, the vacant land market bucked the trend, showing renewed interest from those looking to build.
- House Sales: Down 7.3%
- Unit Sales: Down 30.8%
- Land Sales: Up 14.6%
Top Performing Suburbs (Sales)
Activity remains strong in Perth’s growth corridors, with Baldivis once again taking the top spot.
- Baldivis (15 sales)
- Ellenbrook (11 sales)
- Balga (10 sales)
- Como (10 sales)
- Armadale (9 sales)
Market Extremes
- Highest Sale: A premium property in Wembley sold for $2,810,000.
- Lowest Sale: An entry-level opportunity in Perth sold for $570,000.
📈 Listing & Inventory Levels
The most notable trend this week is the gradual increase in stock availability. There were 2,468 properties for sale in Perth at the end of the week, a 3.1% increase from the week prior.
This rise is largely driven by a 4.6% increase in house listings, suggesting that more sellers are confident in entering the market as the year progresses.
The Bigger Picture:
- Monthly Trend: Listings are 32.5% higher than four weeks ago (showing the post-holiday listing surge).
- Yearly Trend: Despite the recent bump, stock remains tight—listings are still 49.3% lower than they were at this time last year.
🔑 Rental Market Update
The rental market tightened slightly last week. There were 2,060 properties for rent, a decrease of 2.3% from the previous week.
Leasing activity also saw a shift, with 610 properties leased (a 24.5% drop from the previous week). However, activity is significantly higher than last month, up 141.1% compared to four weeks ago, indicating the seasonal rush of tenants securing homes for the new year is stabilising.
Top Performing Suburbs (Rentals)
Inner-city living remains in high demand for tenants.
- Perth (22 leased)
- Baldivis (12 leased)
- Eglinton (11 leased)
- Como (10 leased)
- Scarborough (10 leased)
What Does This Mean for You?
For Sellers: Inventory is rising, but total stock levels are still historically low compared to last year. Demand remains present, making this an excellent window to stand out before competition increases further.
For Buyers: The slight uptick in listings is a positive sign. With land sales rising, building remains a viable option if established stock in your preferred suburb is elusive.
For Investors: Rental supply remains tight with listing numbers dropping slightly this week. Yields and demand continue to support a strong investment case in key suburbs like Baldivis and Como.
