Is the Perth Property Market Cooling Down?
Not really.
While the average selling time has increased from 9 days to 14 days, properties are still selling much faster than the pre-pandemic average of around 50 days.
The biggest change isn’t weaker demand — it’s more choice for buyers. With more listings entering the market and buyers taking a more considered approach, Perth is moving towards a healthier and more balanced market.
📈 Key Highlights:
✅ Perth median house price reached $920,000 (+16.5% annually)
✅ Harrisdale and Southern River continue to perform strongly
✅ Rental supply remains extremely tight, supporting rental growth
My view? Perth isn’t entering a downturn. The market is simply transitioning from an overheated seller’s market to a more sustainable phase of growth.
Thinking of buying, selling, or investing? Let’s talk about your options in today’s market.
Source: REIWA
— Maggie Li
Director & Licensee
Hyland Realty WA