Perth Property Market Update April 2026

Prices, Rents and What It Means for Investors

The Perth property market in 2026 continues to evolve, with steady price growth, rising rental returns and shifting market dynamics. For property investors in Perth, understanding these trends is key to making confident, well-informed decisions.

At D Residential Group, we closely monitor market movements so our clients stay ahead. Here is what you need to know about the current Perth real estate market, and what it means for your investment.

Strong Price Growth Continues Across Perth

Perth has entered 2026 with continued price growth and steady market activity.

In the March quarter alone, median house prices increased by 4.1 per cent to $890,000, while unit prices rose by 5.8 per cent to $635,000.

This growth has been driven by two key factors:

• Limited housing supply
• Consistently strong buyer demand

Properties are still selling quickly, although we are beginning to see a shift in buyer behaviour.

If current trends were to continue, house and unit prices could see growth of up to 20 per cent over the year. However, market conditions are starting to evolve.

A Shift in Buyer Behaviour

While demand remains present, buyers are becoming more considered in their decisions.

We are now seeing:

• Fewer attendees at home opens
• A reduction in multiple-offer scenarios
• Increased negotiation on price

This is partly due to an increase in listings, giving buyers more choice, but also reflects broader economic pressures such as interest rates and cost of living concerns.

For sellers, this means pricing and presentation are more important than ever. For buyers, there is now slightly more time to assess options and make informed decisions.

Rental Market Pressures Are Increasing

The Perth rental market remains tight, with continued upward pressure on rents.

Over the March quarter:

• Median house rents increased to $730 per week
• Median unit rents rose to $700 per week

At the same time, vacancy rates have declined, making it increasingly challenging for tenants to secure suitable properties.

Several factors are contributing to this:

• Low rental supply
• Strong population growth
• Ongoing construction delays
• Potential changes to taxation and tenancy legislation

Investors play a critical role in the rental market, supplying over 86 per cent of rental properties in WA. Any reduction in investor activity may place further pressure on supply.

What This Means for Perth Property Investors

For investors, the current market presents both opportunity and complexity.

Opportunities

• Continued capital growth potential
• Rising rental returns
• Strong demand for well-presented properties

Considerations

• Changing legislation and tax policies
• Shifting buyer sentiment
• The importance of strategic pricing and tenant selection

At D Residential Group, we are seeing a mix of activity, with some investors choosing to sell and capitalise on current conditions, while others are expanding their portfolios to benefit from strong rental yields.

The key is having a clear, tailored strategy aligned with your investment goals.

Final Thoughts

The Perth property market in 2026 continues to show strong underlying fundamentals, supported by limited supply, population growth and ongoing demand.

While conditions are evolving, the market remains resilient. For property investors, this is a time where informed, proactive decisions can make a meaningful difference to long-term performance.

At D Residential Group, we work closely with Perth landlords to navigate these changes, strengthen returns and protect their investments through tailored, hands-on management.

If you are considering leasing, reviewing your rent, or exploring your options in the current market, we are here to help.

Discover the difference with a boutique, Mount Lawley-based property management team specialising in Perth investment properties.

For further information or real-time rental updates, head to Reiwa.com.au.