04/06/2026
Perth property market – May highlights (REIWA)
Time to sell has lengthened since February but remains quick: houses median 14 days, units 13 days. More stock is easing conditions, with 1,000+ new listings per week in April–May and active listings at 5,137 (+16% vs Apr, +21% YoY).
Prices are still climbing. Median house price is $920,000 (+2.2% MoM, +16.5% YoY). Median unit price is $660,000 (+2.3% MoM, +22.0% YoY).
Fast sellers: houses in Nollamara and Coolbellup (6 days); Subiaco, Hillarys, Forrestfield, Dianella, Iluka (7 days). Units in Tuart Hill (5 days); Cockburn Central (6); Wembley (7); Yokine (8).
Top monthly price growth: houses in Harrisdale and Landsdale (+4.9%), Bassendean (+4.5%), Southern River (+2.8%), Subiaco (+2.7%). Units in Rockingham (+2.6%), Innaloo (+1.9%), Maylands (+1.7%), Rivervale (+1.6%), Perth (+1.6%).
Rents held steady in May: houses $750/wk (↑9.5% YoY), units $700/wk (↑7.7% YoY). Rentals available: 2,307 (+3.5% MoM). Leasing remains quick at a 15‑day median.
Overall: a slightly softer, more balanced market, with demand and prices still strong.
Source: REIWA. Full report:
REIWA President Suzanne Brown said the Perth property market had eased over the past two months.