Strong demand and low stock continue to push prices up
Perth’s property market is still one of the strongest in Australia right now, with home values rising by 7.3% in the first quarter of 2026. While other capital cities are seeing slower growth, Perth is continuing to move ahead, mainly because there are more buyers than homes available.
A big reason for this is supply. There are currently about 40% fewer properties on the market compared to the long-term average. That means when a good home comes up for sale, it often attracts plenty of interest straight away, sometimes even multiple offers.
Demand is being supported by a mix of factors. Perth is still more affordable than cities like Sydney and Melbourne, which is attracting both local buyers and people moving from interstate. At the same time, strong population growth in WA is keeping pressure on housing.
The rental market is also very tight. With very low vacancy rates, many renters are finding it harder to secure a home, and some are deciding to buy instead. Investors are also coming back into the market, encouraged by solid rental returns.
Even with higher interest rates still affecting budgets, buyer confidence in Perth remains steady. Open homes are busy, and well-priced properties are still selling quickly in many suburbs.
Overall, Perth is continuing to hold strong because demand is high and supply is low — and that balance doesn’t look like it will change anytime soon.
If you'd like to talk about how this will affect your property plans, don't hesitate to contact the team at Bellcourt on 08 6141 7848.
