The latest data shows continued strength and tightening in Perth’s property and rental markets as we move through early 2026. Market dynamics remain shaped by strong demand, limited supply, and ongoing competition across sales and rentals, a picture that’s important for buyers, sellers, investors and tenants alike.
Rents Rise Again in January
New figures from the Real Estate Institute of Western Australia (REIWA) show the median weekly rent in Perth increased to $720 in January, up 2.9% from December and 7.5% from January 2025 emphasising persistent demand and constrained rental supply.
This aligns with broader research showing that rental prices in Western Australia have climbed significantly over recent years up around 66% over the past five years, well above wage growth making Perth one of the fastest-rising rental markets in Australia.
Rental Market Conditions Remain Tight
While some increase in listings has been reported at times, overall rental stock remains relatively limited, with landlords often receiving multiple applications and properties leasing quickly. Recent weekly snapshots also show strong leasing activity, with hundreds of Perth homes leased each week despite modest increases in advertised rentals.
This tightness supports upward pressure on rents and means tenants may face ongoing competition, particularly in inner and high-demand suburbs.
Sales Market Continues to Show Strength
On the sales side, Perth’s property market is exhibiting solid activity. REIWA weekly market snapshots record healthy sales volumes and rising prices across metro areas, with some increases in listings compared to prior weeks, yet still significantly lower than levels seen a year ago.
In addition to rental trends, REIWA forecasts strong price growth for Perth property in 2026, with median house prices expected to rise more than 10% and unit prices expected to climb 15–20% over the year driven by the imbalance between high buyer demand and tight housing supply.
What This Means for You
For Property Sellers:
With strong price momentum and limited listings, sellers may benefit from competitive buyer interest and potentially quicker sales. Inventory remains well below historical averages, which continues to support property values.
For Investors:
Rising rents and tight vacancy conditions suggest rental demand is strong, an important factor for investors seeking stable income streams. However, rental yields may be moderated by rapid price growth, so strategic buying decisions are key.
For Buyers:
Buyers should prepare for a competitive environment with properties often selling quickly. Engaging a trusted agent and having finance ready can make a difference in securing opportunities.
For Renters:
Renters are likely to encounter high demand and limited choice, particularly in well-located suburbs. Acting swiftly when suitable properties become available and being prepared with documentation helps improve the chances of securing your next home.
