Navigating the Perth property market requires staying ahead of the latest shifts. Last week, we saw a slight cooling in sales volume paired with a much-needed uptick in listings, offering a bit more breathing room for buyers.
Here is your breakdown of the key figures and top-performing suburbs for the week ending February 22, 2026.
The Sales Landscape
Overall sales transactions saw a modest dip of 2.4%, with 764 total sales reported by REIWA members. While house sales slowed by nearly 8%, the land market saw a massive 40.3% surge, indicating that the appetite for new builds remains strong.
Where is the activity? The “outer-north” and “outer-south” corridors continue to lead the pack, while the CBD maintains steady interest.
- Baldivis & Ellenbrook: Leading the way with 15 sales each.
- Karrinyup & Perth: Following closely with 11 sales each.
- Canning Vale: Rounding out the top five with 9 sales.
Price Extremes:
- Highest Sale: North Beach – $2,900,000
- Lowest Sale: Wembley – $450,000
Inventory: Good News for Buyers?
For the first time in a while, we’ve seen a significant jump in available stock. Total listings rose 7.2% last week to 2,710 properties.
- Houses: Listings up 9.6%
- Units: Listings up 10.8%
While this is 11.7% higher than what we saw just a month ago, it’s important to keep perspective: stock levels are still 46.1% lower than they were this time last year. The market remains tight, but the current trend is a welcome sign for those looking to enter the market.
The Rental Market Report
The rental market remains exceptionally competitive. Listing numbers tightened further last week, dropping 3.5% to a total of 1,936 available properties.
The Big Picture: Rental listings are now 13.2% lower than four weeks ago and 5.8% lower than the same time last year, highlighting the continued pressure on Perth’s rental stock.
Leasing Activity: 737 properties were leased last week. While this is slightly down from previous weeks, the total number of properties being leased is actually 1.2% higher than a year ago, showing that when stock hits the market, it is moving fast.
High-Demand Rental Suburbs:
- Perth: 26 leases
- East Perth: 19 leases
- Baldivis: 18 leases
- Armadale: 15 leases
- Maylands: 12 leases
Thinking of selling or wondering what your investment property could fetch in the current market? Contact our team today for a complimentary market appraisal or a chat about your property goals.
