The Northern Suburbs property market in Perth remained strong over the past month, though signs are emerging that conditions are beginning to stabilise after an extended period of rapid growth. Throughout March 2026, the market continued to favour sellers, but the intensity seen in late 2025 and early 2026 has started to ease, creating a more balanced environment for both buyers and sellers.

Buyer choice increasing

One of the most notable changes has been the increase in available listings. Over the course of the month, stock levels rose noticeably, giving buyers more choice and reducing the urgency that previously drove quick, often unconditional offers. As a result, properties are beginning to spend slightly longer on the market, and negotiation is becoming more common. While well-presented and appropriately priced homes are still attracting strong interest and selling quickly, overpriced or less desirable properties are no longer moving as easily.

Prices on the rise & shifting buyer behaviour

Price growth has continued across the Northern Suburbs, but at a more moderate pace. Rather than the sharp increases seen previously, values are now rising steadily, supported by ongoing population growth, tight rental conditions, and relatively limited housing supply compared to historical averages.

Coastal and lifestyle-focused suburbs continue to perform particularly well, especially for renovated or move-in-ready homes that appeal to owner-occupiers.

Buyer behaviour has also shifted slightly. There is less panic in the market, with more buyers taking a measured approach and including conditions such as finance and building inspections in their offers. Investor activity, while still present, has softened somewhat, with some adopting a more cautious stance. In contrast, first-home buyers and upgraders remain active, continuing to drive demand in key family-friendly suburbs.

What this means for buyers

Overall, the Northern Suburbs market is not declining but transitioning. March has highlighted a move away from the extreme conditions of the recent boom toward a more sustainable and balanced phase. While the market remains healthy and prices are still trending upward, the return of increased stock and more considered buyer behaviour suggests a gradual shift that is likely to continue in the coming months.

Current buyer behaviour has created a short window of opportunity for those who are still in the market.

Ross Lister

Northern Suburbs Area Specialist

Contact Boston below:
Email: ross@vervebuyersagency.com
Phone: 0438 241 533

About Ross