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The number of properties buyers have to choose from in Perth is the highest it has ever been in the past three years.
According new data from the Real Estate Institute of Western Australia, as of the end of June, there are 6121 properties for sale across the Perth metropolitan area.
At the end of May, there were approximately 5215 homes actively listed on the market – 14.8 per cent fewer than June – and, this time last year, there were fewer than half that number on the market, with only 2552 properties listed for sale.
REIWA president Suzanne Brown said while the number may seem high, it was actually the normal number of properties that should be listed for this time of year, and the previous years were out of the norm.
“The number of new listings in June is on par with the five-year average for this month, which is positive after the shortage of listings seen earlier this year,” Brown said.
“With properties coming to market in reasonable numbers since the end of March, the supply side of the supply and demand equation has improved.”
She said that despite the increase in properties on the market, buyers have shown less interest than usual.
“We have also seen a noticeable change to demand in the wake of the Federal Budget and the back and forth over the taxation legislation. Despite there being more properties on the market, sales activity decreased in June, more so than you would expect at this time of year,” she said.
“Our members have reported a decline in enquiry from potential investors. I have also seen a reduction in activity from first home buyers, the very people this legislation is aiming to help.
“Now that the taxation policies have passed Federal Parliament, and we have more certainty, it will be interesting to see if market activity picks up in the coming months.”
Investors looking to sell their properties is one of the reasons Brown believes there are more listings on the market at the moment.
“We’re probably seeing investors, in particular, potentially selling some of their investments due to the budget … so that’s contributed to new listings coming on the market,” she said.
Along with the additional listings, Brown said the increase in time it has taken to sell properties has also added to the higher number of properties listed for sale.
“Even though we have seen new listings increase, we’ve also seen active listings increase, which just means they’re spending longer on the market than they were,” she said.
“It’s still an incredibly buoyant market. My last stats were [houses were spending] 18 days on market … and you’ve got to remember late last year, we were sitting at seven and eight days,” she said.
Brown said that just before the COVID pandemic, properties were spending on average 56 days on market.
Houses in Perth sold in a median of 18 days in June, four days slower than May and five days slower than a year ago.
Units sold in a median of 18 days, five days slower than May and five days slower than in June 2025.
“It’s good for the market because it’s taken the frenzy out of the market, it’s given especially home buyers’ time with their purchasing decision,” Brown said.
REIWA data shows that the suburbs which saw the greatest percentage increase in new house listings from the March to June quarter were; Warwick (up 140 per cent), Gwelup (up 128.6 per cent), Huntingdale (up 126.3 per cent), Kallaroo (up 125 per cent), and Darlington (up 122.2 per cent).
The suburbs which saw the greatest percentage increase in the number of new unit listings were Crawley (up 133.3 per cent), Westminster (up 122.2 per cent),
Osborne Park (up 113.3 per cent), Morley (up 100 per cent) and Northbridge (up 70 per cent).
Leading the way for the suburbs with the most active property listings as of June 30 were Baldivis, Perth and East Perth.
Brown said a key factor for the increase in listings was that homeowners were now more willing to list their properties on the market as there were more options for them to buy a new home in its place.
“I always said before when there were less listings, it was a catch-22. There were a lot of people wanting to sell, but ... they weren’t selling until they found a new property,” she said.
“So it does seem that the log jam has freed up, [with] more stock on the market, more people than they go, ‘Oh, I’ve got more choice of where to move to, so I’ll now list mine.’
“It’s just a cycle where we’re seeing increased listings, which is great because people have more choice, so more people will list when they have more opportunity of properties to move to.”
