Perth’s property market showed signs of easing in April 2026 as the number of homes listed for sale increased, giving buyers more choice and slightly slowing market activity. However, despite softer conditions compared to earlier this year, property prices across Perth continued to rise, reinforcing the ongoing strength of the Western Australian market.

Listings Increase Across Perth

Active property listings in Perth climbed to 4,185 by the end of April, marking a 28.9 per cent increase compared to March. While this represents a noticeable rise in available stock, listings still remain 10.2 per cent lower than the same time last year.

According to REIWA, the increase in listings has given buyers more opportunities to compare properties and take extra time before making purchasing decisions. Agents also reported fewer attendees at home opens and a reduction in the number of offers being submitted, although well-presented homes are still attracting strong competition.

Property Prices Continue Their Upward Trend

Despite the slight cooling in sales activity, Perth property prices continued to grow throughout April.

The median house sale price rose by 2.3 per cent over the month, reaching $900,000, which is 15.4 per cent higher than the same period last year. Unit prices also strengthened, increasing 2.4 per cent to a median of $645,000, representing annual growth of 21.2 per cent.

Several suburbs recorded strong price growth during the month, including:

• Cottesloe
• Beckenham
• Brabham
• Yokine
• Canning Vale

The continued growth reflects ongoing housing demand and Perth’s persistent undersupply of properties.

Homes Taking Slightly Longer to Sell

The median time required to sell a house in Perth increased to 12 days in April, while units sold in a median of 11 days. Although properties are taking slightly longer to sell compared to March, selling times remain significantly faster than historical averages and quicker than the same period last year.

Industry experts noted that homes with strong presentation, desirable locations, and competitive pricing continue to perform exceptionally well in the current market.

Rental Market Remains Under Pressure

Perth’s rental market also continued to tighten in April, with rental prices increasing again across both houses and units.

The median weekly rent for houses rose to $750 per week, while units increased to $700 per week. At the same time, rental vacancy rates remain tight, contributing to ongoing affordability challenges for tenants.

Industry concerns remain around investor confidence, particularly due to discussions surrounding tenancy reforms, rising interest rates, and ongoing construction delays impacting housing supply.

What This Means for Sellers

For sellers, Perth remains a strong market with continued price growth and relatively fast selling times. However, increased listings mean buyers now have more options and are becoming more selective. Properties that are well-presented, professionally marketed, and accurately priced are still achieving strong results.

This shift also highlights the importance of strategic pricing and quality presentation to stand out in a more balanced market environment.

What This Means for Buyers

For buyers, the increase in listings provides improved choice and slightly less urgency compared to previous months. While competition remains strong for high-quality homes, buyers may now have more opportunity to negotiate and conduct thorough due diligence before making decisions.

However, with prices continuing to rise and supply still below long-term averages, waiting too long could result in paying more later in the year if market demand remains elevated.

Source: REIWA Market Update – “Market eases in April following listings uptick"