The Perth real estate landscape enters Spring 2026 presenting a more balanced sales environment alongside a tight rental market. Buyers are finding greater choice across metropolitan suburbs, while rental stock remains constrained.
Perth Sales Market Snapshot (September 2026)
Perth’s active sale listings expanded to 7,804 properties as of September 2026, marking the highest inventory level recorded since 2023. Higher listing numbers reflect longer selling times and cautious buyer decision-making rather than a surge in new seller activity.
- Median House Price: $980,000 (+18.7% annual growth)
- Median Unit Price: $690,000 (+22.6% annual growth)
- Active Sales Stock: 7,804 properties listed for sale
- Median Selling Time: 24 days for houses, 21 days for units
Interest rate increases during 2026 reduced overall borrowing power and led buyers to inspect value carefully before submitting offers. While 12-month median growth metrics remain positive, short-term trends reflect price stabilization and a shift toward buyer negotiation.
Local Catchment Performance Table
| Suburb | Median House Price | Annual Growth | Average Days to Sell |
|---|---|---|---|
| Willetton | $1,522,500 | +21.8% | 30–42 days |
| Riverton | $1,310,000 | +9.4% | 27 days |
| Leeming | $1,480,000 | +18.2% | 15 days |
| Bull Creek | $1,550,000 | +14.0% | 27 days |
| Shelley | $1,850,000 | +21.6% | 16 days |
| Rossmoyne | $2,150,000 | +19.1% | 13 days |
Perth Rental Market Conditions
Perth rental stock remains constrained. Active rental listings sat at 1,909 properties at the end of September 2026, maintaining competition for well-presented rental accommodation.
- Median House Rent: $750 per week
- Median Unit Rent: $700 per week
- Average Leasing Time: 15 days
Practical Advice for Homeowners & Landlords
- Focus on Presentation: Move-in ready homes continue to attract the strongest buyer interest and quickest sales as they portray a picture of buyers value.
- Price Realistically: Initial price positioning against recent local sales is crucial to avoid extended time on market. Overly optimistic launch pricing can end up costing you more
- Assess Rental Retention: Minimizing vacancy periods often yields better long-term returns than pushing weekly rent past tenant affordability limits.
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