Let’s take a quick look at what’s happening across the market, starting with Perth.
Sales activity in Perth saw a slight dip last week, down 0.7%, with a total of 871 transactions recorded. Despite this small decline, overall activity remains solid.
Stock levels are beginning to rise, with 2,753 properties currently for sale—up from around 2,500 the previous week and sitting 11% higher week-on-week. This is an early sign of increased supply entering the market, which is a positive shift after a prolonged period of tight stock.
On the rental side, available properties remain low at 1,880 listings, down 2.1%. This continues to reflect strong demand, with REIWA members reporting 666 properties leased last week. While the rental market is still performing strongly, there are early signs of a more balanced environment emerging in property management.
Nationally, Sydney and Melbourne have seen moderate annual growth, while Brisbane and Adelaide have led the way. However, momentum is easing across the East Coast, which could benefit WA. As supply improves in Perth, opportunities will increase, and with strong buyer demand still in place, the outlook remains positive despite a potential slight softening in the months ahead.
For Western Australia, this shift could be beneficial. As stock levels continue to replenish in Perth, it’s likely to create more opportunity in the market. While this may mean a bit more work for agents, there remains a strong backlog of buyers, which should support continued activity.
Overall, we may see a slight softening over the next three to six months—but with increased supply and sustained demand, the outlook remains positive.
Cheers
Ryan
