Perth’s Property Market Update: Active Listings Drop Below 4,000 as Demand Stays Strong

9 Jul 2025 Posted By: Porter Matthews Metro

Perth’s property market continues to tighten, with active listings falling below 4,000 for the first time since September 2024. According to the latest data from reiwa.com, just 3,997 properties were listed for sale at the end of June — down 6.1% from May but still 18.7% higher than this time last year.

Why Are Listings Declining?

REIWA President Suzanne Brown explains this dip is a result of both seasonal trends and ongoing buyer demand.

“New listings tend to slow down this time of year,” Ms Brown said. “But what’s different now is how quickly homes are selling. In recent weeks, sales have outpaced new listings, reducing the number of properties on the market.”

Beyond seasonal trends, some sellers are hesitant due to market pressures. Selling a home quickly often means needing to find a new place to live just as fast — a tough task in a market with limited options.

“If you buy first, your offer may be less competitive if it's subject to sale,” Ms Brown added. “And if you sell first, you may feel rushed to find your next home. This juggling act is creating hesitation among sellers.”

Her advice? Be prepared. If you're considering a move, get your current home market-ready so you can act swiftly when the time is right.

Perth Sales Market Snapshot

Despite fewer listings, prices are on the rise:

  • Median house price: Rose 0.8% in June to $786,000 (up 16.4% from June 2024)

  • Median unit price: Increased 0.9% to $540,000 (up 20% year-on-year)

Ongoing population growth is fuelling demand. WA’s population grew 2.4% in the year to December 2024, surpassing 3 million residents, with nearly 58,000 people migrating from interstate and overseas.

“That equates to a demand for over 23,000 new homes – and that’s not even accounting for current residents,” Ms Brown said.

Even with 20,600 new homes completed in 2024, supply continues to lag behind demand, putting pressure on prices — especially in the established homes market.

Suburbs with the Most Growth in June:

  • Mount Lawley: +2.6% to $1,580,000

  • Coodanup: +2.6% to $600,000

  • Ocean Reef: +1.6% to $1,300,000

  • Kewdale: +1.5% to $758,500

  • Melville: +1.5% to $1,382,500

  • Scarborough, Rockingham, Currambine, Kingsley, and Landsdale also saw growth of 1.1% or more.

Time on Market

  • Median selling time for houses: 13 days 

  • Median selling time for units: 13 days 

  • Fastest-selling suburbs:

    • High Wycombe – 5 days

    • Coolbellup, Brabham, Clarkson, Seville Grove – 6 days

    • Jindalee, Booragoon, Hilbert, Karrinyup, Leeming – 7 days

Perth Rental Market Update

Rents remain high, with demand varying by location:

  • Median dwelling rent: $680/week (up 0.7% from May and 4.6% from last year)

  • Median unit rent: $660/week (up 1.5% and 10% year-on-year)

Top suburbs for rent growth in June:

  • Cottesloe: +14.6% to $1,000/week

  • Nedlands: +12.5% to $875/week

  • Mount Lawley: +8.3% to $650/week

  • Mosman Park: +4.8% to $650/week

  • Butler: +4.0% to $645/week

Rental Listings and Leasing Times

  • Total rental listings: 2,389 properties (slightly higher than May, but 3.5% lower than last year)

  • Median leasing time: 16 days (1 day faster than May)

Fastest-leasing suburbs in June:

  • Clarkson: 10 days

  • Beckenham, Hamilton Hill: 11 days

  • Madora Bay, Alkimos: 12 days

  • Willetton, Butler, Coolbellup, Eglinton, Nollamara: 13 days

Final Thoughts

Whether you're looking to buy, sell, rent, or lease, timing and preparation are everything in today’s fast-moving market. If you’re considering making a move and want trusted local advice, our team at Porter Matthews Metro is here to help.

📞 Contact us today to discuss your options and make your next move with confidence.

 
Photo by Eddie Blair on Unsplash