If you’ve been tracking the Perth property market lately, you know that “steady” is a relative term. In a city where homes often sell faster than a flat white on a Monday morning, a week of stability is actually big news.
At Holdsworth Real Estate, we’ve been digging into the latest REIWA data to see what’s really happening on the ground. Last week, Perth saw 801 transactions—a figure that mirrors the previous week almost exactly. But while the total volume stayed flat, the movement within those numbers tells a much more interesting story about where we are headed as we move deeper into 2026.
The Sales Breakdown: Houses, Units, and a Land Surge
While the headline number was stable, the underlying segments were anything but. We saw a distinct “three-speed” market play out over the last seven days:
- Houses: Sales were up 3%, showing that the appetite for the classic Aussie backyard remains the primary driver of the Perth market.
- Units: In a surprising twist, unit sales dropped by 14.5%. This could be a temporary breather after a massive run of apartment sales earlier this year, or perhaps a shift in buyer focus back toward land.
- Land: This was the standout performer, with land sales skyrocketing by 22%. It seems the dream of building from scratch is seeing a resurgence, likely fueled by new titled lots finally hitting the market.
Top Performing Suburbs
Where was the action happening? South and South-East corridors dominated the leaderboard:
| Suburb | Transactions Last Week |
| Baldivis | 19 |
| Armadale | 15 |
| Applecross | 13 |
| Gosnells | 12 |
| Halls Head | 12 |
Baldivis continuing its reign at the top isn’t a shock—it offers that sweet spot of lifestyle and relative affordability. Meanwhile, Applecross making the top three signals that the premium “aspirational” market is moving just as fast as the entry-level hubs.
The Highs and Lows: From $550k to $3.45M
The price gap in Perth remains wide, offering opportunities at both ends of the spectrum. The highest sale reported last week was a stunning property in Dudley Park, fetching $3,450,000. On the other end, the “entry point” for the week was a unit in Perth City that sold for $550,000.
Holdsworth Insight: It’s worth noting that $550,000 being the lowest sale price in the city highlights how much the price floor has shifted. Entry-level buyers need to be more prepared than ever to move quickly when a “bargain” appears.
Inventory Alert: More Choice, But Don’t Get Comfortable
For months, the “S-word” (Stock) has been the biggest frustration for buyers. However, there’s a glimmer of hope. At the end of last week, there were 3,294 properties for sale in Perth.
This is an 8.5% increase in just one week. If we look further back, total listings are 18.4% higher than four weeks ago.
Why the sudden jump?
- House listings rose by 10%.
- Unit listings increased by 8.8%.
- Vacant land listings actually decreased by 1.9%, explaining why land sales were so high—buyers are snapping up what’s left.
But before you think the “seller’s market” is over, let’s look at the reality check: Total stock levels are still 35.9% lower than they were this time last year. We are moving in the right direction, but we are still operating in a very tight environment.
The Rental Market: A Slowing Pace?
The rental sector remains a challenge for many, though the data shows some slight relief in terms of availability. There were 1,902 properties for rent last week—up 0.7% on the previous week.
However, leasing activity dropped by 16.9% (with only 594 properties leased). This suggests that while there is slightly more stock, the matching of tenants to properties is taking a little longer—perhaps due to tenants hitting their price ceilings or being more selective about their next move.
Top Rental Suburbs:
- East Perth: 24 properties leased
- Baldivis: 16 properties leased
- Perth City: 15 properties leased
What Does This Mean for You?
For Sellers: The increase in listings means you have a bit more competition than you did a month ago. However, with stock still 35% lower than last year, you are still in a position of strength. Pricing your home accurately from day one is becoming more critical as buyers get a few more options to compare against.
For Buyers: This is the most choice you’ve had in months! The 18.4% monthly increase in inventory is your window of opportunity. Don’t wait for a “crash” that isn’t coming, but do take advantage of the fact that you might actually get to see a house twice before making an offer (maybe).
For Investors: The rental market is showing signs of stabilizing. While yields remain strong, the drop in leasing activity suggests that “tenant selection” is more important than ever.
Are you curious about how much your home’s value has changed with these recent market shifts? Contact us today to receive a free, no-obligation appraisal for your property!
