15/06/2026
π **PERTH PROPERTY MARKET UPDATE** π‘
The Perth property market recorded a positive week, with REIWA members reporting **669 sales transactions**, an increase of **7.4%** on the previous week.
Looking deeper into the figures:
π House sales surged **24.6%**
π’ Unit sales declined **12.1%**
π± Land sales fell **56.9%**
The strong rise in house sales highlights continued buyer demand for established homes, despite increasing stock levels across the market.
π **More Choice for Buyers**
There were **5,733 properties for sale** across Perth at the end of last week, up **2.9%** from the previous week.
This increase was driven by:
βοΈ House listings up 2.4%
βοΈ Unit listings up 2.8%
βοΈ Vacant land listings up 7.3%
Compared to:
π
Four weeks ago β listings are up 19.2%
π
One year ago β listings are up an impressive 40.8%
The continued growth in available stock is providing buyers with far more choice than we've seen in recent years and is helping create a more balanced market.
ποΈ **Rental Market Update**
There were **2,331 properties available for rent** across Perth last week, a slight decrease of **1.1%** compared to the previous week.
Rental listings are:
πΉ 1.2% higher than four weeks ago
πΉ 3.9% lower than a year ago
π **Leasing Activity Strengthens**
REIWA members reported **661 properties leased** last week:
βͺοΈ Up 18.7% on the previous week
βͺοΈ Up 7.7% compared to four weeks ago
βͺοΈ Up 1.5% compared to a year ago
π¬ While the number of properties available for sale continues to climb, buyer and tenant demand remains resilient. The sharp increase in house sales and leasing activity demonstrates that well-presented and correctly priced properties are still attracting strong interest.
For sellers and landlords, understanding current market conditions and pricing strategies has never been more important.