The Perth property market has started 2026 with a significant burst of activity. Following the typical holiday seasonal lull, the latest data from REIWA shows a massive rebound in both sales transactions and listing volumes.

Whether you are looking to sell, buy, or invest, here is a breakdown of the key movements in the Perth market over the past week.

Sales Activity: A Triple-Digit Rebound

Sales transactions saw a staggering 204.3% increase compared to the previous week, with 429 total transactions reported. This surge was felt across all sectors:

  • Land Sales: Led the growth with a 622.2% jump.
  • Unit Sales: Increased by 261.5%.
  • House Sales: Grew by 154.7%.

Top Performing Suburbs for Sales: Mandurah took the top spot with 11 sales, followed closely by Mosman Park (9) and Como (8). Rounding out the top five were West Perth (7) and Brabham (6).

Price Highlights:

  • Highest Sale: A premium property in Leeming secured the top sale price of $1,570,000.
  • Most Affordable Sale: Orelia recorded the week’s lowest entry point at $490,000.

Listings & Stock Levels

We saw a healthy 11.9% increase in properties for sale last week, bringing total stock to 2,083. This was largely driven by a 14.9% rise in house listings.

However, it is important to look at the broader context:

  • Total stock is still 20.3% lower than it was just four weeks ago.
  • More significantly, listings are 54.1% lower than this time last year.

Market Insight: While more stock is entering the market compared to the holiday period, the year-on-year deficit confirms that Perth remains a highly competitive “seller’s market.”

The Rental Market

The rental sector also saw a sharp rise in activity. Rental listings jumped 24.1% to 2,178 properties. While this provides some relief for tenants, stock remains 4.9% lower than levels seen a year ago.

Rental Highlights:

  • Leasing Velocity: 503 properties were leased last week—a 98.8% increase in activity compared to the prior week.
  • Top Suburbs for Rentals: Baldivis (15), Eglinton (10), and East Perth (9) were the busiest areas for new tenancies.

What this means for you

The data shows a market that is quickly shaking off the summer break. With sales transactions tripling and stock levels still well below historical averages, demand continues to outpace supply.

Thinking of selling or leasing your property? With competition high and stock levels low, now is a strategic time to position your property in front of active buyers and tenants. Contact our team today!