Welcome back to the latest Holdsworth Real Estate market update. Whether you are actively looking to buy your dream home, considering selling your current property, or managing an investment portfolio, staying informed about local market dynamics is your biggest advantage.
This week, we are taking a deep dive into the latest data released by REIWA to help you make sense of what is happening on the ground across the Perth metropolitan area. We are seeing some fascinating shifts in both the sales and rental sectors, with notable changes in inventory levels that both buyers and sellers need to pay close attention to.
Here is everything you need to know about the Perth property market right now.
The Sales Market: A Shift in Momentum
Looking at the most recent weekly data, overall sales transactions across Perth experienced a slight cooling period, down 12.4 per cent compared to the previous week. In total, 694 transactions were successfully negotiated.
When we break these figures down by property type, we can see exactly where the market is shifting. House sales saw a 10.7 per cent decrease from the week prior, while unit sales experienced a sharper drop of 23 per cent. However, it wasn’t all downward trends. Interestingly, vacant land sales bucked the broader market movement, jumping up by 8.3 per cent. This suggests that despite ongoing construction challenges in the broader industry, the appetite for Western Australians to secure a block and build their own custom home remains remarkably strong.
At Holdsworth Real Estate, we always keep a close eye on neighborhood-specific data. The top-performing suburbs for sales last week represent a fantastic mix of inner-city convenience, coastal lifestyle, and family-friendly growth corridors. The leading suburbs were:
- Perth (14 sales)
- Baldivis (13 sales)
- Gosnells (11 sales)
- Scarborough (10 sales)
- Ellenbrook (8 sales)
The diversity of the Perth market was also on full display when looking at price points. The highest recorded sale for the week was a stunning property in the beautiful hills suburb of Lesmurdie, which changed hands for $1,850,000. On the other end of the spectrum, the most affordable entry into the market was a $505,000 property in the vibrant, inner-city hub of Highgate.
Listing Levels: Fantastic News for Buyers
If you have been struggling to find the right property in a highly competitive market, we have some excellent news. Property listings are finally on the rise, giving buyers some much-needed breathing room and choice.
At the end of last week, there were 4,459 properties available for sale across Perth. This represents a solid 6.6 per cent increase compared to the previous week. This boost in inventory was seen across the board: house listings increased by 6.7 per cent, unit listings were up by 5.2 per cent, and vacant land listings surged by 9.2 per cent.
Even more significantly, when we zoom out slightly, total properties available for sale are currently sitting an impressive 36 per cent higher than they were just four weeks ago. While we are still tracking 6.2 per cent lower than the levels seen at this same time last year, this sudden monthly injection of new stock means the market is transitioning. Sellers can no longer rely on scarcity alone to drive up prices; premium presentation and expert marketing by the Holdsworth Real Estate team have never been more critical to stand out in a growing crowd.
The Rental Market: Stock Levels Edging Upwards
For our investors and prospective tenants, the rental market continues to show signs of subtle evolution. Last week, there were 2,233 properties available for rent in Perth, marking a 3 per cent increase from the week prior.
Much like the sales market, rental inventory is experiencing a short-term boost. The number of available rental listings is now 14.6 per cent higher than it was four weeks ago. However, to put this in perspective, total rental stock remains 2.8 per cent lower than it was a year ago, meaning the market is still fundamentally tight and highly competitive for quality homes.
Leasing activity saw a slight dip, with 554 properties leased last week—a decrease of 12.1 per cent from the previous week and 19.2 per cent lower than a year ago. Despite the weekly drop, this leasing figure is still 13.5 per cent higher than it was a month ago.
The top-performing suburbs for rentals mirrored the sales data closely, highlighting high-demand areas where tenants are eager to secure a lease:
- Baldivis (12 rentals)
- Perth (12 rentals)
- Scarborough (11 rentals)
- East Perth (10 rentals)
- Alkimos (9 rentals)
What This Means For You
So, how do you navigate these shifting sands?
For Buyers: The 36 per cent jump in listings over the past month is your golden opportunity. With more stock hitting the market, now is the time to get your finances approved and start attending home opens with renewed confidence. You have more leverage and choice than you did at the start of the season.
For Sellers: The days of simply putting a “For Sale” sign on the lawn and waiting for multiple offers to roll in might be cooling as inventory rises. To achieve a premium price, you need a strategic approach. High-quality photography, expert staging advice, and a targeted digital marketing campaign are essential. That is exactly what the Holdsworth Real Estate team provides.
For Landlords: While the rental market remains in favor of property owners overall, the slight increase in rental stock means tenants have slightly more options. Pricing your rental competitively and ensuring the property is well-maintained is key to minimizing vacancy periods and attracting high-quality, long-term tenants.
Ready to Make Your Move?
Real estate is a highly localized business, and broader statistics only tell part of the story. If you want to know exactly what these numbers mean for your specific property or suburb, the team at Holdsworth Real Estate is here to help.
Contact us today for a confidential, obligation-free market appraisal of your home or investment property. Let our expertise be the key to your next successful property transaction!
