Bellcourt Market Overview

Spring is in full swing, and so is the Perth property market. Buyer activity is steady, rental demand remains strong, and although listings have crept up slightly, supply is still tight compared to this time last year. Let’s take a closer look at what’s happening around the metro area this month.

It’s been another solid month for property sales across Perth. On the supply side, there are now 2,930 listings across the metro area, up slightly from a month ago, but still much lower than last year’s 4,900.

What does that mean? Simply put, demand continues to outpace supply. Buyers are still competing for quality homes, and sellers who list now are in a good position to attract attention, especially if their property is well presented and realistically priced.

The rental market is still competitive, but we’re starting to see a bit more balance. There are also a few more homes available for rent, with 2,179 properties currently on the market, compared to 2,064 four weeks ago and 1,915 a year ago. So, while tenants might be feeling a little more breathing room, it’s still far from easy out there.

Perth’s market remains one of the most stable and attractive in Australia right now. Sales are strong, rental demand is steady, and even with small fluctuations, the overall picture is one of confidence and growth.

As we move into the summer months, we expect the market to stay active, fuelled by population growth, strong employment and continued demand for lifestyle-focused living.

Whether you’re buying, selling, or investing, it’s a great time to review your options and make a move that suits your goals.