Perth Market Trends & Supply Outlook May 2026
April Listings are very low
Total listings in Perth are 40%–50% below the five-year average, creating intense buyer competition.
Below long-term average supply levels
Supply remains well below balanced-market levels, increasing competition across Perth.
Rental Demand at Record Highs
The vacancy rate remains exceptionally tight at 0.5%–1.6%.
Strong upward pressure on rents
Low vacancy conditions continue to drive rental growth across both metro and outer-growth corridors.
