Perth Market Update: More Choice for Buyers, More Strategy for Sellers

The Perth property market is showing signs of balancing out.

According to REIWA, around 30% of homes sold in June achieved less than their advertised price, compared to only one in 10 during the strong seller's market of late 2025 and early 2026.

For buyers, this means more properties to choose from and less competition than we've seen over the past year. With more homes coming onto the market, buyers have a little more time to make informed decisions.

For sellers, well-priced and well-presented homes are still selling, but accurate pricing is becoming more important. The days of expecting every property to attract multiple offers well above the asking price are becoming less common.

While price growth has slowed, Perth's market remains stable. Overall, 70% of homes are still selling at or above their asking price, showing that quality properties continue to perform well.

Every suburb is different, so whether you're thinking of buying or selling, it's worth getting local advice to understand what's happening in your area.