Bellcourt Market Overview

The Perth property market has remained steady over the past month, with activity levels showing both resilience and consistency across sales and rentals.

Across the metro area, there are currently 3,145 properties listed for sale, made up of 1,795 houses, 754 units and 596 land listings. Compared with four weeks ago, when stock sat at 3,373, listings have edged lower, and they are also down year-on-year from 3,466. This tightening in supply could contribute to further competition among buyers, particularly in sought-after suburbs where demand has remained consistently high.

Overall, the Perth Metro property market is demonstrating stable and competitive conditions. Sales are tracking consistently, listings are trending downward, and rentals continue to move quickly, particularly in high-demand suburbs. For sellers, the combination of steady buyer demand and reduced supply provides a favourable environment. For tenants, the strong competition across many suburbs reinforces the need to act quickly when suitable properties become available.

As we approach the warmer months, historically one of the most active times of year for property, these trends suggest that both buyers and renters will need to remain proactive in order to secure opportunities, while sellers and investors may benefit from ongoing demand across multiple sectors of the market.