Perth Property Market Update | 8 March 2026

What the Latest Data Means for Buyers in Perth

The Perth property market continues to demonstrate resilience as we move further into 2026, with strong underlying demand across houses, units and land despite normal week-to-week fluctuations.

For buyers, investors and homeowners watching the market closely, the latest figures provide valuable insight into how the market is evolving, and what opportunities may exist.

In a market where quality properties continue to attract strong competition, having access to the right information, local knowledge and professional guidance can make a significant difference. This is why many buyers choose to work with experienced buyers agents in Perth to help navigate the market and identify opportunities.

Sales Activity Across Perth

During the week ending 8 March 2026, Perth recorded 674 property transactions.  This represented a 12.4% decrease compared with the previous week, although weekly fluctuations in sales activity are common and do not necessarily indicate a broader market shift.

Breaking down the sales figures:

• House sales declined 7.3% week-on-week

• Unit sales fell 30.8%

• Land sales increased 14.6%

The rise in land sales highlights continued demand from buyers looking to build or secure land while planning their future home. Meanwhile, established houses remain highly competitive, particularly in well-located suburbs where supply remains limited.

Data courtesy of REIWA market data.

Perth Property Listings

At the end of the week, there were 2,468 properties listed for sale across Perth, representing a 3.1% increase from the previous week.

This increase was driven by:

• 4.6% rise in house listings

• 1.1% increase in unit listings

• Land listings remaining relatively stable

While a slight increase in listings provides buyers with more choice, the broader context is important. Overall stock levels remain 49.3% lower than the same time last year, highlighting the ongoing shortage of available properties in the Perth market. Limited housing supply continues to be one of the key drivers behind strong competition among buyers.

Perth Rental Market Update

The Perth rental market continues to reflect strong tenant demand.  At the end of the week, there were 2,060 rental properties available, which is 2.3% lower than the previous week.

Although rental listings have increased slightly over the past month, they remain 3.8% lower than the same time last year, reinforcing the ongoing imbalance between supply and demand. During the week, 610 properties were leased, representing a 24.5% decrease compared with the previous week.

Weekly leasing activity often fluctuates, but the broader trend of tight vacancy rates continues to support strong rental demand across many Perth suburbs.

What This Means for Property Buyers

For buyers entering the Perth property market, the environment remains competitive but still presents opportunities. The slight drop in weekly sales activity does not change the broader trend of strong buyer demand combined with limited housing supply.

In these conditions, preparation becomes critical. Buyers who have finance organised, understand market values and move quickly when suitable properties become available often achieve the best outcomes.

This is where working with experienced buyers agents in Perth can provide a significant advantage. A professional buyer’s agent can help buyers:

• Analyse market data and comparable sales

• Identify suitable properties faster

• Access pre-market and off-market opportunities

• Negotiate effectively with selling agents

The Bigger Picture for Perth Property

Beyond weekly data, several structural factors continue to support the Perth property market.

These include:

• Strong population growth

• Limited housing supply

• Infrastructure investment across WA

• Perth remaining more affordable than most Australian capital cities

These fundamentals continue to drive buyer activity and are expected to support the market throughout 2026. While weekly data may fluctuate, the broader trend remains one of strong demand across the Perth property market.

Thinking About Buying Property in Perth?

Whether you’re a first home buyer, property investor, upsizer or downsizer, navigating the Perth property market requires careful planning, research and negotiation.

Many buyers choose to work with professional buyers agents in Perth to ensure they secure the right property while avoiding costly mistakes.

At Beagl Buyers Agency, we represent buyers exclusively, helping our clients find, assess and secure properties through on-market, pre-market and off-market opportunities. If you're considering buying property in Perth, reach out today. 

Perth Property Market Outlook

Despite short-term fluctuations in weekly activity, the Perth property market continues to be supported by strong fundamentals. Limited housing supply combined with ongoing population growth is likely to continue creating competition for quality homes.

For buyers who approach the market strategically, and with the right guidance, opportunities still exist to secure excellent property outcomes in Perth.