Spring 2024 has already been a standout, with new seller activity reaching highs not seen for the month of September since 2022. While this heightened seller activity is encouraging, Perth’s severe mismatch between demand and supply — which has driven persistent price growth in recent years — is a key challenge. Demand continues to be strong, quickly snapping up available properties, leaving buyers with limited options and pushing total stock to the lowest for this time of year. As a result, another competitive spring season is unfolding for buyers.

Written by

Dr Nicola Powell

Chief of Research and Economics