PERTH REAL JUNE

June 15th, 2026 admin-sunsetcoast Real, Real Deal 0 comments

Perth Real powered by Mitchell & Co – mres.com.au

Perth’s property game is shifting from a crowd of buyers on the door steps of every home open. Sliding slowly into a more moderated market with increase supply of listed properties for sale. Demand is still high however selection has increased which means buyer opportunities, slower decision making for offers with more negotiation leverage.
Median house prices will continuing be peaking in many suburbs, towns around the state. But as more more homes are listed for sale every week climbing to over 5,000 a 14 days on market average increase has begun.

History repeating WA experiencing a normal market would have listings for sale around 10,000 properties on any week. It will be interesting to see how many home owners who are thinking of selling, have been waiting for the market to peak before taking action. If this is the case wait for the flooded market coming soon in 2027. These will be established homes ready for down sizing, land, new builds for investors.

No surprises For Sale stock around 10,000 – 15,000 active listings, and average selling times will increase to 30 – 60 days again in 2027.

Record House Price ~ nearly $800,00 [$786,000]

Median Unit Price ~ climbed to $540,000

Reasons for price increases is simply SUPPLY & DEMAND

WA SALES v MIGRATION

2016 : Sales x 30k v 14k new
2017 : Sales x 38k v 17k new
2018 : Sales x 35k v 30k new
2019 : Sales x 32k v 32k new
2020 : Sales x 34k v 11k new
2021 : Sales x 55k v 17k new
2022 : Sales x 50k v 28k new
2023 : Sales x 54k v 62k new
2024 : Sales x 55k v 65k new
2025 : Sales x 50k v 45k new

2026 : Sales x ?k v ?k

2016 – 21 – 121k new residents in 6 years
2022 – 25 – 200k new residents in 4 years

The numbers show international new residents where an influence on the WA property market for buying & mainly rentals.

However the investors buying property in WA was a record high.
2025 – 26,000 investor loan application
2024 – 25,000 investor loans
[Normally around 8,000 per year]

Plus eastern states & international investors where also record highs taking advantage of the WA under supply of rentals for the migration boom in WA.