The Perth property market is entering a new phase. After several years of extremely low housing supply and intense competition, buyers are finally seeing more choice, with the number of homes for sale reaching its highest level in three years. While demand remains healthy, the buying frenzy has started to ease, creating a more balanced market for both buyers and sellers.
Perth Market Snapshot
| Market Indicator | June 2026 | Previous Comparison |
|---|---|---|
| Total properties for sale | 6,121 | Highest level in 3 years |
| Listings at end of May | 5,215 | June up 14.8% |
| Listings one year ago | 2,552 | More than doubled |
| Median days to sell (houses) | 18 days | 4 days slower than May |
| Median days to sell (units) | 18 days | 5 days slower than May |
Source: REIWA via SMH/WAtoday
Why Are Listings Increasing?
According to REIWA, the increase in listings isn’t a sign of a weak market. Instead, supply is returning to more normal levels after several years of unusually low stock. More homeowners are now confident about selling because there are more properties available for them to purchase, helping to ease the “catch-22” that previously kept many sellers on the sidelines.
At the same time, some investors have decided to sell following recent Federal Budget taxation changes, adding more homes to the market.
Buyer Competition Is Cooling
Although there are more homes available, buyer activity slowed slightly during June. Uncertainty surrounding the Federal Budget and taxation changes reduced enquiry from both investors and first home buyers. As a result, homes are taking a little longer to sell than they were late last year.
The market remains strong, but buyers now have more time to inspect properties, compare options and make informed decisions instead of rushing into offers.
Suburbs Recording the Biggest Increase in Listings
| House Listings | Increase | Unit Listings | Increase |
|---|---|---|---|
| Warwick | 140% | Crawley | 133.3% |
| Gwelup | 128.6% | Westminster | 122.2% |
| Huntingdale | 126.3% | Osborne Park | 113.3% |
| Kallaroo | 125% | Morley | 100% |
| Darlington | 122.2% | Northbridge | 70% |
What This Means for Buyers
- More properties to choose from.
- Less pressure to make immediate offers.
- More opportunity to negotiate.
- A more balanced buying experience compared to last year.
What This Means for Sellers
The Perth market remains healthy, with homes still selling in a median of just 18 days. Well-presented, correctly priced properties continue to attract strong buyer interest. However, with more competition on the market, quality marketing, professional presentation and accurate pricing are becoming increasingly important.
Final Thoughts
Perth’s property market is shifting from an exceptionally competitive seller’s market towards a healthier balance between supply and demand. Buyers now have greater choice, while sellers still benefit from strong market conditions. As confidence continues to return and more properties become available, the second half of 2026 is shaping up to be a more stable and sustainable market for everyone.
