Perth Market Trends & Supply Outlook 2026

February Listings at Historic Lows

1,724 properties for sale across Perth

Down 15% month-on-month

Below long-term average supply levels

Supply remains well below balanced-market levels, increasing competition across most Perth suburbs.

Rental Demand at Record Highs

Inspection queues exceeding 90 groups in some suburbs

Vacancy rates remain critically low

Strong upward pressure on rents

Low vacancy conditions continue to drive rental growth across both metro and outer-growth corridors.

Land Supply Constraints Continue

Limited new land release

Extended council approval timelines

Infrastructure delays slowing supply1,724 properties for sale across Perth

Delayed approvals and limited land release are restricting new housing supply across WA.