Property listings in Perth have jumped by a massive 145 per cent in only one year, as the property market continues to show signs of cooling.<\/p>\n
Speaking in Perth, Cameron Kusher, chief economist of property advisory Herron Todd White, said the listings boost to 7312 properties was a highly visible sign of Perth\u2019s changing property market.<\/p>\n
The Real Estate Institute of WA has confirmed it is the first time listings have surpassed 7000 in three years.<\/p>\n
Mr Kusher said it was among several changing variables in the WA market, claiming the downturn is expected to last well into next year.<\/p>\n
\u201cHousing affordability is stretched, the amount of stock available for sale is rising, the tax treatment of investment has changed, inflation is elevated as are interest rates, he said.<\/p>\n
\u201cAs a result we\u2019re starting to see a slowing of buyer demand which is leading to some reductions in housing values.\u201d<\/p>\n
REIWA President Suzanne Brown said active listings had more than doubled since March.<\/p>\n
\u201cSuch a strong increase over a relatively short period of time may imply there has been a surge in the number of people looking to sell a home,\u201d she said.<\/p>\n
\u201cIn reality, after a shortage of new listings in late 2025 and early 2026, new listings have mostly returned to long-term average levels.<\/p>\n
\u201cAs we know, the heat has well and truly come out of the market and the increase in active listings represents an easing in demand, which has led to a decline in sales activity.\u201d<\/p>\n
Ms Brown said the three interest rate rises had affected mortgage serviceability which had reduced borrowing power.<\/p>\n
\u201cThis has flowed through to price outcomes, with nearly half of all properties selling for less than the asking price in July,\u201d she said.<\/p>\n
\u201cAnother factor affecting demand has been the changes to taxation policy in the Federal Budget. This has seen a reduction in both investor and first-homebuyer activity.<\/p>\n
\u201cThere is a general feeling that first-homebuyers are waiting for prices to fall and homes to become more affordable.<\/p>\n
\u201cThe question is how long do you wait?<\/p>\n
\u201cIt took five years for Perth\u2019s annual median house sale price to drop 12.8 per cent (or $70,000) during the extended property downturn.<\/p>\n
\u201cAnd at the moment, any falls in prices have been eroded by the increase in interest rates earlier this year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Property listings in Perth have jumped by a massive 145 per cent in only one year, as the…\n","protected":false},"author":2,"featured_media":878623,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99,44,4686],"class_list":["post-878622","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business","tag-news","tag-property"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/878622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=878622"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/878622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/878623"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=878622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=878622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=878622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}