Is the Perth Property Market in About to Boom in 2026 | ft. Trent Fleskens

Is the Perth property market reaching a dangerous peak, or are we standing at the edge of a major 2026 structural shift?

In this episode of The Folio Property Podcast, Reece and Lachlan sit down with the most requested guest in the show’s history: Trent Fleskens, a veteran developer who has managed over 100 successful projects. We dive deep into his personal journey and the data-driven reality of today’s market to answer the question every investor is asking:

Is a major downfall coming, or is the inventory crisis just beginning?

Following a period where Perth has defied all expectations, we look at the cold, hard data of 2026. Trent breaks down the “Scary Data” behind the current inventory shock, why East Coast “locust swarms” are changing the socioeconomics of WA suburbs, and why your “fear of failure” might be the only thing keeping you from building real wealth.

Whether you’re looking to understand the difference between being a “punter” and an expert, or you’re a seasoned investor wondering if it’s time to shift from houses to industrial assets, this episode provides the 2026 roadmap you need. In This Episode You’ll Learn:

• The Trent Fleskens Story: From an 18-year-old anxious stock investor to a developer with 105 successful projects.
• The Perth Inventory Shock: What happens to prices when listings hit a record low of just 1,800 properties.
• Stocks vs. Property: Why Trent walked away from the “live nature” of the stock market to find sanity in tangible assets.
• The East Coast “Locust Swarm”: How inter-state capital is driving 200% growth in suburbs locals used to ignore.
• 2014–2020 Survival Guide: How to navigate a “flat” market where the book value does nothing for years.
• Development Strategy: The “typology” shift—when to move from houses to triplexes, childcare centres, and industrial hubs.
• Solving the Housing Crisis: Why the 2026 market is a supply issue that requires solving society’s problems to find profit.
• The “Boring” Uncle Theory: Why Perth’s lifestyle maturation is finally pulling talent back from London, Singapore, and New York.
• Fear of Failure vs. FOMO: How to identify which personality type is driving your investment decisions.
• The 2026 Opportunity: Why Trent believes the fundamentals in Melbourne might finally be worth his attention.

Published: 10 Feb 2026