12/08/2026
PERTH PROPERTY MARKET RECAP β WEEK ENDING 9 AUGUST 2026
Big news this week β REIWA has officially called it.
Perth's property market is transitioning to more balanced conditions.
Here's what that means, and what the numbers say.
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THIS WEEK (REIWA)
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773 sales β UP 3.8% on prior week
6,852 properties for sale β 111.5% MORE than a year ago
502 properties leased (seasonal dip, -22.8%)
2,268 rentals available β still critically low
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WHAT 4 SOURCES ARE TELLING US
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REIWA β Sales bouncing back (+3.8%). But 6,852 listings is the highest in 2 years. Sellers need to price for today's market, not last year's.
SQM Research β Perth's rental vacancy rate: just 0.6%. Tightest on the mainland. Only 1,401 rentals available across the whole city. Investors, the income story is still very real.
ABS β National lending fell 6.2% in Q1 2026. Three rate rises are biting. Buyers have less borrowing power β which is why pricing matters more than ever.
Michael Yardney β Labels 2026 "Navigating a Market Correction." But still backs Perth as the strongest capital. Westpac forecasts +8% for Perth in 2026.
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JUDE'S TAKE
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"Balance isn't a dirty word. For buyers it means breathing room, more choice and actual negotiating power β the first time in nearly 2 years. For investors the rental story at 0.6% vacancy is still one of the best in the country. Perth's fundamentals β population growth, tight rental stock, WA employment β haven't changed. It's just a smarter market now. And smart markets reward smart buyers."
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QUICK STATS
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π House median: ~$930,000
π’ Unit median: ~$670,000
π Vacancy rate: 0.6% (SQM)
π National lending: -6.2% (ABS Q1 2026)
π Perth 2026 forecast: +8% (Westpac/Yardney)
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Want to know how this affects your situation?
Let's have a straight conversation β no pressure.
π 0412 610 253
π
claritycall.jpentony.com.au
π jpentony.com.au
π‘ Pentony Buyers Agent Perth
Data: REIWA, SQM Research, ABS, Michael Yardney/Property Update β August 2026.
General market information only β not financial advice.