At Holdsworth Real Estate, we believe in looking past the “noise” to find the signal. While nothing is set in stone, the federal budget discussions for May 2026 have put these two pillars of property investment squarely in the crosshairs.

So, what actually happens if these changes go through? Let’s pull back the curtain on the proposed reforms and what they mean for the Perth market and your portfolio.

1. Negative Gearing: The “Two-Property” Proposal

The current buzz in Canberra involves a proposal to limit negative gearing to just two properties. On paper, this is framed as a way to “level the playing field” for first-home buyers. However, history and economic reality tell a different story.

The Lesson from the 1980s

We’ve been here before. In 1985, the Hawke/Keating government famously scrapped negative gearing. The result? A rental crisis so severe that they were forced to reinstate it just two years later in 1987. During that brief window, rents in cities like Sydney and right here in Perth skyrocketed by approximately 25%.

The 2026 Reality

The context today is even more fragile than it was in the ’80s. As of April 2026, we are grappling with:

• Critically Low Vacancy Rates: Perth is sitting at a staggering 0.5% to 0.6% vacancy rate. Finding a rental right now is already like finding a parking spot at the beach on a 40-degree day.
• Severe Housing Shortages: We simply aren’t building enough homes to keep up with population growth.

The Equation is Simple: Less investor incentive = Fewer rental properties being bought or built = Even higher rents for tenants.

2. The Capital Gains Tax (CGT) “Lock-In” Effect

There is also serious talk about reducing the CGT discount—currently 50% for assets held over a year—down to 33%.

While some argue this would “cool” the market, the more likely outcome is a “lock-in” effect. If it costs significantly more in tax to sell a property, investors simply… won’t sell. They will hold onto their assets for longer to avoid the tax hit.

For a market like Perth, which is already starving for “stock on market,” this is a major red flag.

• Less stock on market means more competition for the few homes available.
• Increased competition inevitably drives prices up, the exact opposite of what “affordability” measures are supposed to achieve.

3. The Elephant in the Room: Supply

Both of these proposed changes point toward the same outcome: Less Supply. Whether it’s discouraging a mum-and-dad investor from buying a third rental or making a long-term owner hesitant to sell, the result is a tighter, more expensive market.

The core issue in Australia hasn’t changed in a decade: We need more houses. Taxing the people who provide 90% of the rental housing in this country doesn’t lay a single brick. In fact, current industry modelling suggests that removing these incentives could lead to a reduction of over 45,000 new homes being built nationwide over the next few years.

What Does This Mean for You?

Whether you’re a long-term Holdsworth client or looking to enter the Perth market, here is our take:

1. Don’t Panic-Sell: These are proposals, not legislation. Historically, even when changes occur, “grandfathering” clauses usually protect existing investments.
2. Focus on Fundamentals: In a low-supply environment like Yokine, Mount Hawthorn, and Tuart Hill, the demand for quality housing isn’t going anywhere. Rental yields in Perth have hit record medians of $740/week for houses this month—the underlying demand is real and robust.
3. Stay Informed: The May 2026 Federal Budget will be the moment of truth. Between now and then, there will be plenty of political posturing.

The Bottom Line: At Holdsworth Real Estate, we’re keeping a close watch on these developments. Our mission remains the same: helping you navigate the market with clarity, whether the tax laws are changing or staying exactly as they are.

Are you wondering how these potential changes might impact the value of your specific property or investment strategy? Contact us today for a free, no-obligations chat!

Please note: This information is general in nature and does not constitute financial or tax advice. We always recommend speaking with a qualified accountant or financial planner regarding your specific circumstances.

It’s a classic crossroads, and in today’s evolving property landscape, the answer isn’t always found in a simple pros-and-cons list. Whether you’re staring at a cramped kitchen or dreaming of a backyard that doesn’t require a weekend of weeding, deciding between a renovation and a relocation is a major life pivot.

At Holdsworth Real Estate, we see clients grappling with this daily. Both paths involve a significant investment of time, emotion, and capital. To help you clear the fog, we’ve broken down the market realities of both options to help you decide which move—or stay—is right for your future.

When the Walls Talk: The Case for Renovating

Renovating is often the first instinct for homeowners who have deep roots in their community. If you love your neighbours, your local coffee shop knows your order by heart, and your kids are thriving in the local school, leaving can feel like losing a limb.

The “Love It” Factors:

• Customization: You aren’t just buying a house; you’re tailoring a suit. Renovating allows you to create a home office that actually works for your remote-work schedule or a kitchen designed specifically for your Sunday roasts.
• Cost Avoidance: You bypass the “transactional friction” of the real estate market—specifically stamp duty, agent commissions, and the logistical nightmare of moving day.
• Value Addition: When done correctly, a smart renovation can significantly boost your property’s equity, provided you don’t “over-capitalize” (spending more on the Reno than the suburb’s price ceiling allows).

The Reality Check:

Renovating isn’t for the faint of heart. With building material costs and labour shortages still lingering in 2026, timelines can stretch. You must ask: Can this structure actually support my vision? If you need a fourth bedroom but your block is already at its maximum footprint, a renovation might just be a very expensive band-aid.

Seeking Fresh Soil: The Case for Relocating

Sometimes, the “bones” of a house aren’t the problem—the location is. You can’t renovate your way into a shorter commute, and you can’t knock down a wall to put your house in a different school catchment zone.

The “List It” Factors:

• Lifestyle Alignment: Life stages change. The steep driveway that was fine in your 30s might feel like an Everest in your 60s. Relocating allows you to find a property that matches your current physical and social needs.
• Turnkey Convenience: Moving into a house that is already finished means you know exactly what you’re getting. There are no “hidden structural surprises” behind a bathroom tile that only appear midway through a demolition.
• The Fresh Start: There is a psychological benefit to a clean slate. New surroundings often bring a renewed sense of energy and opportunity.

The Reality Check:

Relocating is a major financial event. Beyond the purchase price, you have to account for the costs of selling your current home and the taxes associated with buying a new one. In a competitive market, you may also find yourself in a “bridge” situation where you’ve sold but haven’t yet secured your next dream home.

The Financial Balancing Act

To help visualize the “hidden” costs, consider this comparison:

The Four Questions That Matter

Before you call a builder or an agent, sit down with your household and answer these honestly:

1. Is the location still right? If you love the house but hate the 45-minute drive to work, no kitchen island will fix your happiness.
2. Can the current home actually be fixed? Consult an expert. Some layout issues or structural limitations are simply too expensive to rectify.
3. What is the “Total Cost of Change”? Compare a firm renovation quote against the cost of stamp duty and moving. Sometimes the numbers will make the decision for you.
4. Where do we see ourselves in 2031? Don’t solve today’s problem with a solution that expires in two years. Look for a five-to-ten-year horizon.

How Holdsworth Real Estate Can Help

Deciding whether to stay or go shouldn’t be done in a vacuum. At Holdsworth Real Estate, we pride ourselves on being more than just “salespeople”—we are property strategists.

We can provide you with a complimentary market appraisal of your current home to help you understand your borrowing power. More importantly, we can give you an honest perspective on whether a renovation will actually add value in your specific suburb or if your money would be better invested in a new postcode.

The bottom line: If the problem is the house, you might be able to fix it. If the problem is the lifestyle, it’s time to move.

Ready to explore your options? Contact the Holdsworth team today, and let’s figure out your next chapter together.

At Holdsworth Real Estate, we believe that sound property decisions are built on clarity, not rumors. However, the current proposals being floated by the Federal Government have many of our clients asking: Who actually wins here? Let’s pull back the curtain on the proposed changes and look at the real-world implications for the Perth market, our investors, and—most importantly—our tenants.

The CGT Discount: A “Solution” in Search of a Problem?

The government is reportedly weighing up a reduction in the 50% Capital Gains Tax discount. The intention is clear: discourage speculation and make housing more “affordable” for first-time buyers. But the math doesn’t quite hold up.

Reports suggest that even a significant reduction in the discount might only lead to a 1% drop in house prices. For a buyer in Perth looking at a median-priced home of $880,000, that’s a “saving” of $8,800. In a market where houses are selling in under 10 days, that tiny price shift is unlikely to be the game-changer buyers are hoping for.

The Supply Trap: There is a theory that reducing the CGT discount will prompt a surge of investors to sell, thereby increasing supply. In the Perth context, this is a bit of a mirage. Demand here is so incredibly high that any “short-term surge” of investor stock would be absorbed by the market almost instantly. Once that initial wave is gone, we aren’t left with more houses; we’re just left with fewer rental properties and a building industry with even less incentive to start new projects.

Negative Gearing: Targeting the “Big” Investors

Another proposal on the table is the restriction of negative gearing to those owning fewer than three investment properties.

On the surface, this sounds like it targets “property moguls.” But the ATO data tells a different story. Only about 4% of Australian investors (roughly 97,300 people) own three or more negatively geared properties.

The Unintended Consequences: If these investors decide to sell down their portfolios to stay under the threshold, we see two immediate negative effects:

1. Rental Stock Evaporates: For every property an investor sells to a homebuyer, one rental home disappears from the market.
2. Competition for First Home Buyers: Investors who are blocked from larger portfolios will likely pivot their strategy toward lower-priced suburbs where they can achieve neutral or positive gearing. These are the exact same suburbs where first home buyers are trying to get their foot in the door. Instead of helping, this policy could accidentally put investors and first-home buyers in a head-to-head bidding war.

The Human Cost: Tenants in the Crosshairs

At Holdsworth, our biggest concern is the rental market. Perth is already navigating historically low vacancy rates. If the legislative environment becomes hostile toward investment, the “mass exodus” of landlords we saw during the pandemic could repeat itself.

When rental supply declines, rent prices inevitably go up. If an investor doesn’t sell, they are likely to raise rents to cover the loss of tax benefits. In either scenario, the tenant pays the price. At a time when we should be encouraging more people to provide housing, these policies seem to be doing the opposite.

The $3.1 Billion Warning: What the Data Says

It isn’t just “real estate talk.” Independent modelling by Qaive and Tulipwood Economics has painted a stark picture of what happens when you tax housing more heavily. Their research shows that removing negative gearing or halving the CGT discount would lead to:

• A $3.1 Billion hit to the GDP.
• A reduction of 45,500 new housing starts over the next five years.
• The loss of 4,250 construction jobs annually.
• Rents rising by 2% more per year than they otherwise would.

When the stated goal of the National Housing Accord is to build more homes, a policy that results in 45,000 fewer starts feels like a step in the wrong direction.

The Holdsworth Take: Focus on Supply, Not Tax

The intentions behind these proposals—to help people into homes—are noble. However, the Perth market is a unique beast. We don’t have a “tax” problem; we have a supply problem.

Expert Opinion: Reducing the appetite for property investment doesn’t build new houses. It just reshuffles the existing ones while making the rental experience more expensive and difficult for those who can least afford it.

Now is the time to focus on policies that streamline the building process, reduce developer costs, and incentivize the creation of new dwellings.

What should you do? If you are an investor concerned about your portfolio, or a buyer trying to time the market, don’t panic. Policy debates are often noisier than the actual results. The best strategy is to stay informed and ensure your current investments are performing at their peak.

Looking for a strategy session? At Holdsworth Real Estate, we keep our finger on the pulse of both local Perth trends and Federal policy shifts. If you want to discuss how these potential budget changes might affect your property goals, we are here to help.

Give us a call today, and let’s make sure you’re prepared for whatever May brings.

From the conflict in the Middle East to shifting federal policy discussions, there is a lot to unpack. Here is our comprehensive look at the Perth property landscape and how these “big picture” issues are hitting home.

The Building Bottleneck: Why “Established” is King

The building industry is currently facing a “perfect storm.” According to REIWA, the ongoing conflict in the Middle East is driving up oil prices, which has a direct ripple effect on construction costs and the logistics of the global supply chain.

As REIWA Deputy President Rob Mandanici recently noted, we’ve seen this script before. During the pandemic, supply chain disruptions led to a massive shift in buyer behavior. When people can’t build with certainty, they turn to the established market. This creates a surge in demand for existing homes, which in turn pushes prices higher—especially when inventory is already low.

For those currently in the rental market or looking to build, this is a concerning trend. Delays in construction keep people in their rental properties longer, preventing the “flow” of housing that usually keeps the market balanced.

The Rental Crisis: A Squeeze on Supply

The Perth rental market continues to be a point of significant concern. The median dwelling rent rose to $720 per week in March, a nearly 6% increase compared to this time last year.

Perhaps more alarming is the long-term trend of investor participation. Modeling suggests that roughly 20,000 rental properties have been removed from the WA market since the pandemic began. With talks of changes to Capital Gains Tax (CGT), negative gearing, and tenancy legislation, many investors are feeling hesitant.

March Rental Performance by Suburb:

In the unit market, South Perth (up 7.7% to $700) and Scarborough (up 6.0% to $795) led the charge. Despite these high numbers, the actual number of properties available for rent fell by 11.1% year-on-year. For tenants, speed is essential; properties in Hilbert are leasing in a median of just eight days.

Sales Market: Prices Hit New Peaks

While some buyers are showing signs of hesitancy due to interest rates and inflation, the sales market remains incredibly robust. The median house price in Perth has climbed to $880,000, a 13.5% increase year-on-year. Even more striking is the unit market, which has seen a 20% surge over the last 12 months, bringing the median to $630,000.

Where is the growth happening?

• Houses: Suburbs like Jindalee and Bayswater saw monthly growth of over 3%.
• Units: North Perth recorded a massive 7% jump in just one month.

The “Speed” of the Market:

If you are selling, the conditions are near-perfect. Houses are selling in a median of just nine days. In some pockets, like Yokine, homes are moving in as little as two days. This speed reflects a high-intent buyer pool that is ready to act the moment the right property hits the portal.

A Glimmer of Hope: Listings are Rising

There is some “breathing room” on the horizon for buyers. Active listings rose to 3,394 at the end of March—a 23.6% increase from February. While this is still significantly lower than historical averages (down 31.3% from March 2025), the seasonal influx of new listings has given buyers a slightly wider selection.

However, we expect this to be short-lived. With April’s school holidays and multiple public holidays, new listing activity typically cools off, meaning the window of “extra choice” may be narrow.

The Holdsworth Perspective: What Should You Do?

For Investors:

The current climate is complex. While the threat of legislative change is frustrating, the fundamental supply-and-demand metrics in Perth remain some of the strongest in the country. With a vacancy rate that remains incredibly tight and rents still rising, the yield remains attractive for those who can navigate the financing.

For Sellers:

You are in a position of strength, but “buyer hesitancy” is a real factor. High-quality marketing and a realistic pricing strategy are essential to ensure you capture the serious buyers before they are spooked by further interest rate discussions or global news.

For Buyers:

The 23.6% increase in listings is your opportunity. Use this period of relative “choice” to secure a property before the winter slowdown.

A Note on Policy: At Holdsworth Real Estate, we echo the calls for caution regarding taxation changes. Stable investment environments are what create stable housing markets. We encourage our clients to stay informed and reach out to us for a personalized assessment of how these potential changes might affect their portfolios.

Perth is a resilient city, and our property market reflects that. Even with global pressures, the desire for the West Australian lifestyle remains the ultimate driver of value.

Ready to make your move in this fast-paced market? Contact the team at Holdsworth Real Estate today for an up-to-date appraisal or to discuss your investment strategy.

At Holdsworth Real Estate, we believe that data is the best antidote to uncertainty. Last week’s numbers from the Real Estate Institute of Western Australia (REIWA) show a market that is simultaneously cooling in volume but remaining incredibly heated in demand. Whether you are looking to sell your family home, secure an investment, or finally find that perfect rental, here is everything you need to know about the current state of play in Perth.

The Sales Snapshot: Volume vs. Velocity

Last week, Perth saw a total of 764 transactions, representing a 10.2% dip compared to the previous week. While a double-digit drop in sales might sound like a cause for concern, a look under the hood tells a more nuanced story.

The breakdown of these sales reveals where the movement is happening:

• House Sales: Down 13.5%
• Unit Sales: Down 2.5%
• Land Sales: Up 3.4%

The significant drop in house sales isn’t necessarily a sign of waning buyer interest. In fact, it’s quite the opposite. We are seeing a “stock-starved” market. You can’t buy what isn’t there, and with house listings continuing to slide, the total transaction volume is naturally being throttled by a lack of inventory rather than a lack of eager buyers.

Where is the Action?

Despite the overall dip, several suburbs are punching well above their weight. Baldivis continues its reign as a volume powerhouse, leading the pack with 16 sales. This outer-metro gem remains a magnet for families and investors alike, offering a blend of lifestyle and affordability that is hard to beat.

Top Performing Sales Suburbs:

On the pricing spectrum, we saw the full breadth of the Perth market last week. At the pinnacle, a stunning property in Peppermint Grove changed hands for $7,000,000. On the more accessible end of the scale, Fremantle recorded the lowest sale price of the week at $460,000—proving that while the median is rising, there are still entry points for savvy buyers if they move fast.

The Inventory Crunch: A 35% Year-on-Year Gap

The most telling statistic from last week is the total number of properties for sale: 3,279. This is 2.3% lower than the previous week.

To put that in perspective, our current stock levels are a staggering 35.4% lower than they were this time last year. While listings are actually 14.4% higher than they were just four weeks ago (indicating a small seasonal spring/autumn surge), we are still operating in a historically tight environment.

Interestingly, while house and unit listings both fell (down 3.9% and 4.6% respectively), vacant land listings jumped by 14.2%. This suggests that some owners are looking to capitalize on the building boom by offloading blocks, providing a slight glimmer of hope for those looking to build their dream home from the ground up.

The Rental Market: A Tiny Breather?

For tenants, the news is a mixed bag. There were 1,948 properties for rent at the end of last week, which is a 3.8% increase on the week prior.

Expert Insight: While any increase in rental listings is welcomed, we must remain realistic. Current rental stock is still 13% lower than a year ago. The slight uptick we are seeing now is a minor fluctuation in what remains an incredibly competitive landscape.

Top Suburbs for Rental Availability:

• Baldivis: 15
• Joondalup: 9
• South Perth: 9
• Como: 8
• East Perth: 8

The most dramatic shift in the rental sector was the leasing activity itself. Only 490 properties were leased last week—a 21.1% drop from the week before and 20.1% lower than the same time last year. This suggests that while there are a few more properties hitting the market, the “churn” has slowed down, likely because tenants are staying put longer to avoid the stress of re-entering the competitive search process.

What This Means for You

If you are a Seller:

You are currently in the driver’s seat. With stock levels 35% lower than last year, your property is competing against fewer “neighbors.” At Holdsworth Real Estate, we are seeing multiple offers on well-presented homes within days of the first home open. If you’ve been waiting for the “peak,” the current inventory shortage makes now an incredibly strategic time to list.

If you are a Buyer:

Patience and preparation are your best friends. With 10.2% fewer transactions happening, you need to be finance-ready and have your “must-have” list finalized. The jump in land listings might offer an alternative route if you’ve been frustrated by the lack of existing houses.

If you are a Landlord:

While rental listings have ticked up slightly, the long-term trend still favors the investor. However, the drop in leasing activity suggests that finding the right tenant—rather than just any tenant—is becoming the priority as the market stabilizes.

Final Thoughts

Perth remains one of the most resilient and interesting property markets in Australia. While the weekly fluctuations in sales can seem volatile, the underlying trend is clear: demand is high, supply is low, and the lifestyle Perth offers continues to draw people in.

Are you curious about how your property fits into these latest figures? Whether you’re in Baldivis, Morley, or Peppermint Grove, the team at Holdsworth Real Estate is here to help you navigate these numbers and turn them into a winning strategy.

Give us a call today, and let’s discuss your next move.

The final phase of the reforms to the Residential Tenancies Act (RTA)—originally announced in May 2023—has officially commenced. These changes specifically target the bond release and dispute resolution process, aiming to streamline what has historically been a point of friction for both property owners and tenants.

As your local property management experts, we’ve broken down everything you need to know about these updates and how they impact your investment strategy.

The End of the Magistrates Court Era

For years, if a landlord and tenant couldn’t agree on how a bond should be dispersed, the only recourse was the Magistrates Court. This was often a “winless” scenario for both parties; the process was notoriously slow, and the outcomes were frequently inconsistent depending on which magistrate heard the case.

Under the new reforms, the Commissioner for Consumer Protection will now handle the vast majority of bond disputes through a “determination process.”

Why is this a positive change?

1. Speed: Moving disputes out of the court system and into an administrative process is designed to return funds to the rightful parties much faster.
2. Consistency: Unlike court rulings, which weren’t always documented for public view, the Commissioner’s decisions will be published on the Consumer Protection website. This creates a transparent “rulebook” that property managers can use to provide better advice to their clients.
3. Accessibility: The process is less formal and less intimidating than a court appearance, reducing stress for all involved.

As Suzanne Brown, REIWA President, recently noted, the success of this shift relies heavily on the Department of Local Government, Industry Regulation and Safety being “resourced sufficiently.” At Holdsworth, we are monitoring these turnaround times closely to ensure our clients aren’t left waiting.

New Rules for Pet Bonds

One of the most practical updates in this final phase involves pet bonds. As Western Australians increasingly view pets as family members, the legislation has pivoted to reflect modern living standards while offering better protection for property owners.

• Increased Limit: The maximum pet bond has been raised from $260 to $350.
• Expanded Coverage: Previously, pet bonds were strictly reserved for fumigation (pest control) at the end of a tenancy. Now, these funds can be used to cover any pet-related damage or cleaning required, providing an extra layer of security for your asset.

This change is a win-win: it encourages more owners to consider pet-friendly tenancies (tapping into a massive pool of high-quality tenants) while ensuring that the cost of potential “accidents” or wear and tear is covered.

The Comparison: Old vs. New

A Word of Caution: The “Instant Application” Trap

A significant part of the new reform allows tenants to apply for their bond release directly. However, REIWA and the team here at Holdsworth Real Estate strongly advise against tenants rushing to apply the moment they hand over the keys.

Applying too early will not speed up the process. In fact, it often causes delays.

The bond cannot be finalized until the Property Condition Report (PCR) and the final inspection are completed. If a tenant applies for the bond before we have had the chance to verify the property’s condition, it can trigger a dispute process that could have been avoided through simple communication.

“It is in the best interests of all parties that any issues be discussed and addressed, or an outcome negotiated before an application is made for the bond. This will be the fastest way to get the bond released.” — Suzanne Brown, REIWA President.

The Holdsworth Real Estate Perspective

At Holdsworth Real Estate, we echo REIWA’s sentiment regarding these changes. While we remain vocal about any policies that might negatively impact rental supply or place undue burdens on investors, we welcome reforms that bring clarity and efficiency to the industry.

The WA rental market remains tight, and maintaining a healthy relationship between owners and tenants is vital for long-term stability. By moving toward a more transparent and consistent bond process, the government is helping to reduce the “red tape” that sometimes makes property investment feel more complicated than it should be.

How We Help You

Navigating legislative changes can be daunting. When you partner with Holdsworth Real Estate, you don’t have to worry about the fine print. We handle:

• Comprehensive PCRs: Ensuring your property is documented perfectly to protect your bond claims.
• Expert Negotiation: We aim to resolve 99% of bond issues through fair negotiation, avoiding the Commissioner process entirely.
• Legislative Compliance: We ensure all your documentation is updated to reflect the new $350 pet bond limits.

Are you wondering how these new RTA reforms affect your specific investment property? Contact Holdsworth Real Estate today to find out more!

The latest research from REIWA has confirmed what many frustrated buyers and ecstatic sellers have suspected. We have officially entered an era where the “discount” has become a rare relic of the past. In fact, only one in 10 houses in Perth are currently selling for less than their listing price.

Let’s dive into what this “unprecedented” market means for you, whether you’re looking to trade up, cash out, or break into the market.

A Record-Breaking Lack of Discounts

According to REIWA President Suzanne Brown, the level of discounting in Perth is at its lowest point in decades. To put this in perspective, even during the “glory days” of previous mining booms, buyers still had a decent chance of negotiating a price reduction. Not anymore.

In the final quarter of 2025, a staggering 90.1% of houses sold for at or above their listed price. Only 9.9% involved any form of price shaving.

To understand how wild that is, look at how this compares to previous Perth property peaks:

Perth Discounting Levels: Then vs. Now

In short: Even when the market was “booming” in 2006, nearly half of all sellers were still accepting offers below their initial asking price. Today, that number has dwindled to almost nothing.

Is it “Underquoting” or Just High Demand?

With over 90% of homes selling for more than the sticker price, a common question we hear at Holdsworth Real Estate is: “Are agents just underquoting to start a bidding war?”

While underquoting is illegal and should always be reported to Consumer Protection, the REIWA data suggests the current trend is driven by pure market velocity rather than systemic foul play.

The 8-Day Phenomenon: In late 2025, the median time to sell a house in Perth dropped to a record low of just eight days.

When a property sells in a week, it often receives multiple offers within the first 48 hours. In that high-pressure environment, buyers naturally lead with their “best and final” offer to beat the competition. This pushes the final sale price well beyond what was a “fair market value” just days earlier.

The “Plus 6.5%” Rule of Thumb

It isn’t just that houses are selling for more—they are selling for significantly more. On average, the difference between the initial listing price and the final sale price was +6.5% in the final months of last year.

To put that into real-world dollars:

• A home listed at $750,000 is, on average, fetching $798,750.
• A premium home listed at $1,500,000 is seeing an average “bonus” of $97,500.

As Suzanne Brown noted, this is the first time since the 2006 boom (where the average was +3.2%) that we’ve seen the market stay consistently in positive territory. Even in the 2013 peak, houses still sold for slightly less than the asking price on average.

What This Means for You

For Buyers: The “List Price” is the Floor, Not the Ceiling

If you are searching for a home with a budget of $800,000, you should probably be looking at homes listed around $740,000 to $760,000. If you look at homes listed exactly at $800,000, there is a 90% chance you will be outbid.

• Strategy: Get your finance pre-approved, have your deposit ready, and be prepared to make a strong, clean offer immediately.

For Sellers: Accuracy is Still Key

It’s tempting to see these “plus 6.5%” figures and decide to list your home for an eye-watering price. However, the reason these homes are selling for so much is that they are priced correctly to attract multiple buyers. Overpricing your home can still cause it to sit on the market, missing that vital “8-day” momentum window.

For the Community: A Unique Chapter

We are living through a unique moment in Perth’s real estate history. The combination of limited supply and relentless demand has rewritten the rulebook. While this is challenging for those trying to enter the market, it has created a position of incredible equity and wealth for existing homeowners.

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:

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?

1. House listings rose by 10%.
2. Unit listings increased by 8.8%.
3. 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!

Not all property managers deliver the same level of service. Some agencies operate transactionally, focusing only on rent collection. Others take a strategic approach, actively protecting and enhancing the long-term performance of your asset. Before signing a management agreement, it’s important to understand what separates average operators from high performing Perth property management professionals. In this guide, we’ll explore some of the key factors that every landlord should assess.

Why Choosing the Right Perth Property Management Company Matters

Your investment property is a significant financial asset. The right Perth property management company does far more than coordinate inspections and process payments. They also play a critical role in protecting and enhancing your returns over time.

Effective property management influences:

• Financial Performance: Accurate rental appraisals ensure you are not undercharging or overpricing your property. Strategic marketing reduces vacancy periods and maximises income consistency.

• Legal Compliance: The Residential Tenancies Act 1987 (WA) sets strict requirements around bonds, notices, rent increases and dispute resolution. Errors can be costly and stressful.

• Tenant Quality & Retention: Careful screening and proactive communication lead to stable, long term tenancies.

• Asset Protection: Regular inspections and preventative maintenance preserve your property’s condition and value.

• Long Term Strategy: A capable property manager supports your broader investment goals, whether that involves portfolio growth, yield optimisation or risk reduction.

In short, the right Perth property management company becomes a strategic partner rather than just an administrator.

10 Key Things to Look for in a Perth Property Management Company

When comparing property managers, it’s important to look deeper than sales pitches and promises. True performance lies in the systems, experience and accountability behind the service. The right property manager should actively protect your asset, optimise returns and reduce risk.

The following criteria will help you assess the suitability of any property manager you’re considering so you can make a confident and informed decision.

1. Local Market Expertise in Perth

Strong suburb-level knowledge is crucial. A skilled property manager Perth investors trust will understand demand trends, tenant demographics and pricing nuances across different suburbs.

They should provide accurate rental appraisals based on current data, not guesswork. Awareness of seasonal shifts, infrastructure developments and local tenant demand ensures your property remains competitively positioned over time. Deep knowledge of WA-specific legislation further strengthens their ability to protect your interests.

2. Clear and Transparent Fee Structure

Transparent pricing is a hallmark of reputable property management services that Perth landlords can rely on. You should receive a clear breakdown of:

• Management fees
• Letting or leasing fees
• Inspection costs
• Maintenance markups
• Advertising expenses
• Exit or termination fees

Extremely low fees may indicate reduced service levels or hidden charges. A quality Perth property management company will explain exactly what is included and how their services deliver value beyond the percentage fee.

3. Strong Tenant Screening Process

Tenant selection directly impacts rental income stability and property condition. A robust screening process should include employment verification, rental history checks, reference checks and database searches. Careful evaluation reduces arrears risk and increases the likelihood of responsible, long term tenancies.

The best property management providers in Perth take a thorough and methodical approach rather than rushing to fill a vacancy.

4. Proactive Communication

One of the most common landlord frustrations stems from a lack of updates. Professional property managers provide consistent communication, clear response time expectations and structured reporting. Whether through owner portals, regular statements or inspection reports, you should feel informed and confident at all times as the property owner.

Ask how quickly enquiries are returned and who your direct contact will be. Clear escalation procedures for urgent issues also demonstrate organisational strength.

5. WA Tenancy Law Compliance

Western Australia’s tenancy legislation requires precise compliance. Your property manager should demonstrate strong knowledge of:

• The Residential Tenancies Act 1987 (WA)
• Bond lodgement procedures
• Notice periods
• Rent increase regulations
• Eviction and tribunal processes

Compliance errors can result in delays, financial penalties or unfavourable outcomes. A knowledgeable Perth property management company protects you from unnecessary legal exposure.

6. Maintenance Management System

Maintenance should never be purely reactive. A strategic approach prevents minor issues from becoming costly problems.

A reliable rental property management provider will have established systems for preventative maintenance, emergency response and cost control. Access to a trusted contractor network ensures quality workmanship at fair rates.

Transparent quoting processes and clear communication before major works are authorised demonstrate professionalism. Preventative care ultimately protects tenant satisfaction and preserves the long term value of your property.

7. Low Vacancy Rates & Marketing Strategy

Vacancy periods directly reduce income. Ask about average days on market and their approach to marketing.

Effective strategies include professional photography, strong online listing exposure and access to prospective tenant databases. With Perth’s rental market experiencing sustained demand in recent years, a well-positioned property should attract quality applicants quickly when marketed correctly. Strong marketing combined with accurate pricing minimises costly vacancy periods and maximises returns.

8. Inspection & Reporting Standards

Thorough inspections help to protect your investment. A high performing Perth property management company will conduct detailed entry condition reports, routine inspections and final inspections, supported by comprehensive photo documentation.

Clear, detailed reports allow you to track property condition over time and address maintenance concerns early. This proactive approach reduces disputes and preserves asset quality.

9. Arrears Management & Risk Mitigation

Even in a strong market, arrears management is critical. Professional systems should include automated rent tracking, immediate follow-up procedures and structured escalation timelines. Experienced property managers provide guidance around landlord insurance and can represent owners through any required legal hearings. Effective arrears management protects cash flow and reduces stress for property owners.

10. Reputation & Reviews

Reputation reflects consistency. Look for Google reviews, testimonials and evidence of long-standing presence in the Perth market. Team stability is also important as high turnover of staff can lead to inconsistent service and breakdowns in communication.

When assessing the best property management in Perth, consider both online reputation and years of local experience.

Red Flags to Watch Out For

While many property managers provide quality service, there are warning signs to be aware of.

Extremely low fees can signal limited service, inexperience or hidden costs. High staff turnover can indicate internal instability. Consistently poor online reviews or unresolved complaints should raise concerns.

If a Perth property management company cannot clearly explain its communication process, inspection frequency or compliance procedures, this lack of clarity may be a reflection of broader organisational weaknesses. Vague answers about WA tenancy legislation are particularly concerning. Careful evaluation of prospective property managers from the outset can prevent frustration further down the line.

Questions to Ask Before Signing a Management Agreement

Before committing to a Perth property management company, it is wise to ask a few direct and practical questions.

Clarify who your primary contact will be and how often you can expect to receive an update from them. Ask about average vacancy rates and how they compare across suburbs. Request an explanation of the arrears procedures and timelines. Understand the exit terms in the agreement and any associated notice periods. Confirm how frequently routine inspections are conducted and how the reports from those inspections are delivered.

A reputable property management firm will be able to provide clear answers to all of the above, demonstrating a sound level of transparency and professionalism.

How to Switch to a New Perth Property Management Company

Many landlords hesitate to change providers, assuming the process will be complicated. In reality, it is often straightforward. If you decide to switch property manager, any reputable agency will be able to guide you through the process. The incoming agency will typically review your current management agreement, issue the required notice on your behalf and coordinate communication with tenants.

Professional transitions are handled discreetly and with minimal disruption to rental income. Tenants are informed appropriately and rent collection continues seamlessly. For property owners dissatisfied with current service levels, switching may significantly improve performance and communication.

Final Thoughts: Choosing the Right Perth Property Management Partner

Selecting the right property manager isn’t as simple as comparing fees. It is about securing the long term performance of your property, ensuring compliance with relevant legislation and having complete confidence that your investment is being professionally managed.

A high performing Perth property management partner brings transparency, structure and strategic oversight to every stage of the rental lifecycle. Over time, this expertise directly influences vacancy rates, tenant quality and overall rental yield.

At Holdsworth Real Estate, property management is built on experience, local market insight and an unwavering commitment to proactive communication. With decades of combined experience in the Perth rental market and a clear focus on asset protection, our team delivers tailored property management services designed to maximise performance and minimise stress.

If you’d like a clearer picture of how your investment is currently performing – or whether your existing arrangements are delivering true value – speak with our team or request an obligation-free rental appraisal. The right Perth property management company does more than manage properties. It strengthens investments and protects long term wealth.

Across the board—Industrial, Retail, and Office—median sale prices per square metre have climbed. However, the story behind the numbers is one of high demand meeting a significant shortage of available stock.

Industrial: The Star Performer of 2025

The industrial sector continues to lead the way, with the median sale price per sqm jumping 15.5% to reach $2,935.

The driver here is simple: Scarcity. Much like the residential market, new industrial developments are facing hurdles, including:

• Delays in planning and subdivision clearances.
• Challenges securing power and water connections.
• Intense competition for builders and trades from the mining and infrastructure sectors.

Interestingly, while prices are up, the number of sales fell by 12.5%. This isn’t due to a lack of interest—demand from owner-occupiers and investors remains incredibly strong—there simply isn’t enough property on the shelf to meet it.

Local Insight: The South West sub-region saw the highest volume of sales, largely fueled by the massive industrial interest surrounding the AUKUS project.

Retail: Yield-Seekers Driving Interest

Perth’s retail market recorded a solid 4.0% increase in median price per sqm, now sitting at $5,237.

As industrial prices rise and yields compress, we are seeing a noticeable shift. More commercial investors are turning their attention back to retail. This trend is being supported by local councils revitalising retail precincts to increase foot traffic, adding value to properties in those areas.

• Top Spot: The Inner sub-region remains the premium choice, commanding a median price of $6,200 per sqm.

Office: The Rise of the Suburban Suite

The office sector was another big mover, with median prices rising 9.8% to $4,844 per sqm.

What’s particularly interesting is where the heat is. While the Inner sub-region recorded the most sales, there is a distinct surge in demand for suburban offices, specifically those in the 150-250sqm range. As businesses look for flexibility and proximity to where their staff live, these smaller professional suites have become highly sought-after assets.

2025 Commercial Snapshot at a Glance

What This Means for You

Whether you are an owner-occupier looking for your next base of operations or an investor seeking a high-growth asset, the Perth commercial market offers significant opportunities—but you have to move quickly. With supply remaining tight, off-market opportunities and expert negotiation are more important than ever.

Are you curious about the current value of your commercial asset, or looking to secure a footprint in one of these high-growth sectors? Let’s discuss your goals!