18/03/2026
π Perth Property Market Update β Weekly Snapshot
Hereβs the latest market update from REIWA π
π‘ Sales Activity
β’ 827 properties sold last week β down 3.7% on the previous week
β’ House sales down 9.9%
β’ Unit sales down 5.8%
β’ Land sales surged 78.4%
While overall sales eased slightly, the significant jump in land sales highlights ongoing demand for future building opportunities.
π Properties for Sale
β’ 2,867 properties on the market β up 4.1% week-on-week
β’ House listings up 6.7%
β’ Unit listings up 2.1%
β’ Vacant land listings down 5.6%
Stock levels are 13.5% higher than four weeks ago, yet still 42.3% lower than this time last year, showing supply remains well below typical levels.
π Rental Market
β’ 1,936 properties available for rent, up 3% on the previous week
β’ Rental listings are 3.5% lower than four weeks ago and 7.2% lower than a year ago
π Leasing Activity
β’ 576 properties leased last week
β’ Down 13.3% week-on-week
β’ Down 24.2% compared to four weeks ago
β’ Up 5.9% compared to a year ago
π The takeaway:
More listings are gradually coming onto the market, but overall supply remains historically low. Demand continues across all sectors, particularly for land and new builds.
If youβre thinking about selling, buying or investing in Rockingham and the surrounding coastal suburbs, feel free to reach out. Understanding the local market can make a real difference. π‘
Please make a facebook post based on the following Sales transactions in Perth last week were down 2.3 per cent on the previous week, with REIWA members reporting 803 transactions. A closer look shows house sales were up 1.3 per cent compared to the week prior and unit sales were up 6.8 per cent while land sales were down 42.7 per cent.
There were 3,036 properties for sale in Perth at the end of last week, which is 5.9 per cent higher than the previous week. This can be attributed to house listings increasing 8 per cent compared to the week prior and unit listings increasing 2.2 per cent while listings for vacant land remained relatively stable.
Last week's total figure of properties available for sale is 12 per cent higher than four weeks ago but 39.8 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 1,888 properties for rent in Perth at the end of last week, which is 2.5 per cent down on the week prior. Last week's rental listings figure is 2.5 per cent lower than four weeks ago and 11.4 per cent lower than a year ago.
REIWA members reported 717 properties leased last week, which is 24.5 per cent higher than the previous week, 1.5 per cent lower than four weeks ago and 15.6 per cent higher than a year ago.
π Perth Property Market Update β Weekly Wrap
Hereβs whatβs happening across the Perth market, based on the latest figures from REIWA π
π‘ Sales Activity
β’ 803 properties sold last week β down 2.3% on the previous week
β’ House sales up 1.3%
β’ Unit sales up 6.8%
β’ Land sales down 42.7%
Despite the slight dip in overall sales, houses and units continue to show resilience.
π Properties for Sale
β’ 3,036 properties on the market β up 5.9% week-on-week
β’ House listings up 8%
β’ Unit listings up 2.2%
β’ Vacant land listings relatively stable
Stock levels are now 12% higher than four weeks ago, yet still 39.8% lower than this time last year β highlighting ongoing supply constraints.
π Rental Market
β’ 1,888 properties for rent, down 2.5% on the previous week
β’ Rental listings are 2.5% lower than four weeks ago and 11.4% lower year-on-year
π Leasing Activity
β’ 717 properties leased last week
β’ Up 24.5% week-on-week
β’ Down 1.5% compared to four weeks ago
β’ Up 15.6% compared to a year ago
π The takeaway:
More properties are hitting the market, but overall supply remains tight compared to last year. Buyer demand is holding steady, and the rental market continues to favour landlords with strong leasing activity