Perth Real Estate Market Report

July 2026 Update

Perth Hits New Record Highs as the Nation’s Strongest Property Market

The Perth property market in July 2026 continues to strengthen, defying the broader national cooling trend. While major eastern capital cities face downward momentum, Perth remains highly resilient, driven by persistent demand and low overall available stock.

Key Market Performance Metrics

According to Cotality (Three months to June/July 2026 data):

Metric	Monthly Change	Annual Change
Overall Dwelling Values	+0.7%	+23.9% (Quarterly: +2.0%)
Median House Price ($930,000)	+1.1%	+16.3%
Median Unit Price ($670,000)	+1.5%	+21.8%
Median House Rent ($750/wk)	Stable	+10.3%
Median Unit Rent ($700/wk)	Stable	+5.3%

What’s Driving the Market?

Supply Levels: Fresh advertised stock is starting to emerge, with new listings up 14.3% and total listings up 16.7% compared to this time last year. However, total stock levels remain low historically, keeping the market highly competitive.
Buyer Demand: Perth is exceptionally resilient. On a rolling 28-day basis to July 14, 2026, Perth was the only major Australian capital city where growth was still evident (+0.4%), while cities like Sydney and Melbourne declined.
Population Growth: Strong net migration continues to underpin demand, with WA sustaining high population growth rates.
Interest Rates & Economy: The RBA held the cash rate at 4.35% in June. Stubborn underlying inflation presents near-term upside risk, keeping pressure on household borrowing capacities.

Local Suburb Insights

Willetton: The median house price has reached $1,485,000 (a strong 19.3% annual growth rate), with a median unit price of $855,500. Houses average 42 days on the market with a tight 2.9% gross rental yield.
Riverton: Continues to benefit from strong family upgrader demand, moving in alignment with wider southern metro price growth.
Leeming: Investor interest remains healthy, supported by Perth’s overall low vacancy metrics and reliable rent returns.
Parkwood: Remains a highly attractive entry point for first-home buyers seeking relative affordability in an escalating sales environment.

Sales & Rental Market Snapshot

Median Days on Market: 14 days (The fastest capital city market in Australia)
Buyer Competition Level: Exceptionally High
Seller Discounting: Compressed down to a tight 3.0% median
Vacancy rate: [Extremely Tight / Under 1%]
Rental growth: Annual rental growth stands at 7.8% according to Cotality.
Suburb Insights: Suburbs such as Leeming and Parkwood continue to experience highly consistent demand.
Investor Yields: The gross rental yield for the Perth metro area averages 3.7%, providing consistent cash flow for property investors.

Strategic Outlook & Takeaways

For Buyers: Speed and absolute finance readiness are vital. With properties moving in a median of just 14 days, delays in making an offer mean missing out entirely.

For Sellers: With dwelling values at an all-time record high and vendor discounting at low levels, market conditions remain heavily weighted in your favor.

Whether you’re buying, selling or investing in Perth or suburbs like Willetton, Riverton, Leeming and Parkwood, our team can help.

👉 Contact us today for tailored advice.

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