The Perth property market is entering an interesting new phase.
After a period of very limited housing supply and intense competition, buyers are now seeing more properties come onto the market. That doesn’t mean Perth has suddenly become a buyer’s market. Instead, we’re seeing a more balanced environment where preparation, pricing, and presentation are becoming increasingly important.
For anyone considering buying or selling property in Perth, this change is worth paying attention to.
More Homes Are Coming to Market
One of the biggest changes in the Perth real estate market is the increase in available properties.
According to REIWA, there were 6,777 properties listed for sale in Perth at the end of the week ending 26 July 2026. That’s 10.8 per cent higher than four weeks earlier and more than double the level recorded a year earlier.
For buyers, that’s welcome news.
More choice means buyers don’t necessarily have to make a decision on the first suitable property they see. They can compare locations, property types, presentation, and value more carefully.
But Perth Property Prices Are Still Holding Up
More listings haven’t stopped property values from increasing.
REIWA reported that Perth’s median house sale price reached $938,000 at the end of June 2026, following preliminary quarterly growth of 4.2 per cent in the June quarter. The median unit sale price reached $675,000 after preliminary quarterly growth of 4.7 per cent.
REIWA also says Perth’s median house price could approach or reach $1 million by the end of 2026, although growth is expected to be slower than earlier in the year.
That’s an important distinction.
A more balanced market doesn’t necessarily mean falling prices.
It can simply mean that buyers and sellers have more time to make informed decisions.
What Does This Mean for Buyers?
For buyers, this could be one of the more interesting periods to watch closely.
More available properties create greater opportunity to compare homes and negotiate based on value.
But the best properties can still attract strong competition.
Location remains critical, particularly in established Perth suburbs where buyers value lifestyle, schools, transport, parks, cafés, and access to employment centres.
Before making an offer, buyers should consider more than the asking price.
Look at the suburb.
Look at recent comparable sales.
Consider the property’s condition.
And think about whether the home will continue to suit your needs several years from now.
What Does This Mean for Sellers?
For sellers, the changing supply environment makes preparation more important.
When buyers have more properties to compare, presentation can make a significant difference.
A home that is well maintained, professionally photographed, realistically priced, and marketed properly has a better chance of standing out.
This doesn’t mean every seller needs to undertake an expensive renovation.
Often, it’s about identifying the improvements that will make the biggest difference before going to market.
Fresh landscaping, decluttering, minor maintenance, professional photography, and a clear marketing strategy can all help create a stronger first impression.
Location Still Matters
Even as the overall Perth property market becomes more balanced, local conditions can vary considerably between suburbs.
A property in a tightly held lifestyle suburb can experience very different buyer demand from a similar property in another part of Perth.
This is particularly relevant across areas such as East Fremantle, Fremantle, Bicton, Palmyra, Melville, Applecross, and South Perth.
Buyers aren’t simply looking for four walls.
They’re looking for convenience, community, lifestyle, and long-term appeal.
A More Balanced Market Can Be a Positive Thing
There has been plenty of discussion about whether Perth’s market is slowing.
But “slowing” doesn’t necessarily mean something negative.
REIWA’s latest market update describes a clear change in the June quarter, with demand easing and new listings returning closer to longer term averages. At the same time, annual median sale prices continued to increase.
For many buyers and sellers, a market with slightly more breathing room can actually be healthier.
Buyers have more choice.
Sellers can still benefit from strong underlying demand.
And both sides have more opportunity to make decisions based on value rather than urgency.
What Should Perth Homeowners Do Next?
If you’re thinking about selling, now is a good time to understand where your property sits within the local market.
Don’t rely solely on headlines about Perth property prices.
Your suburb, property type, land size, condition, presentation, and recent comparable sales all matter.
For buyers, the same principle applies.
Rather than trying to predict exactly where the market will be six or twelve months from now, focus on finding the right property at a price that makes sense for your circumstances.
Final Thoughts
The Perth property market isn’t standing still.
We’re moving from a period of extremely limited supply and intense competition towards a market where buyers have more choice while property values remain supported.
That’s not necessarily a reason to rush.
It’s a reason to be informed.
Whether you’re considering buying your first home, selling an established property, upgrading, downsizing, or investing in Perth real estate, understanding what’s happening at a local level can help you make a more confident decision.
The market may be changing, but opportunities are still there for those who are prepared.
