Bellcourt Market Overview

As we move into spring, the Perth property market is showing strong signs of activity and resilience. Buyers, sellers, and renters alike are navigating a dynamic market, with trends suggesting opportunities for both investment and lifestyle decisions.

Compared to four weeks ago, sales activity has increased, and the number of sales is also higher than the same period last year. This demonstrates that demand for property in Perth remains steady, despite a relatively limited supply of homes on the market. While sales are increasing, the number of properties available for purchase has decreased slightly from four weeks ago and is significantly lower than the same time last year, when over 4,000 properties were on the market. This tightening of supply suggests that buyers are facing more competition, especially for properties that are well-presented or located in highly sought-after areas.

The rental market in Perth Metro also shows strong demand. 686 properties were leased this week, slightly fewer than four weeks ago, but significantly higher than the same week last year, indicating a year-on-year increase in rental activity. Compared to four weeks ago, available rental properties have decreased, contributing to a tightening rental market. This lower availability, combined with consistent demand, continues to place upward pressure on rental prices.

Spring is traditionally one of the busiest periods for the property market, and this September data confirms that Perth Metro is no exception. Whether buying, selling, or renting, staying informed about current trends is key to making smart property decisions.