That’s right — barely a week from listing to “sold.”
A decade ago, it took nearly 50 days for the same process.
So what changed? Why is Perth’s property market moving faster than any other city in Australia?
Let’s break it down — and more importantly, let’s see what this means for you as a buyer, seller, or investor.
From 16,000 Homes to Just 2,500 — The Supply Crunch Nobody’s Talking About
A few years ago, Perth had around 12,000 to 16,000 properties for sale at any time.
Today? That number has dropped to just 2,500.
That’s an 80% reduction in available homes.
When there are that few options on the market, buyers don’t browse — they pounce.
Homes that are well-priced, well-located, and presented right are getting snapped up within days.
“Eight days isn’t just fast — it’s market pressure at its peak.”
Thinking of buying?
Book a quick 10-minute clarity call before you jump into one of the most competitive markets Perth has ever seen.
The Demand Is Real — And It’s Not Just Locals
Yes, migration is slowing slightly compared to last year — but the demand pipeline remains strong.
Here’s what’s driving it:
- – Interstate buyers: particularly from Sydney and Melbourne, chasing Perth’s yields.
- – Local upgraders: selling high and reinvesting in smarter suburbs.
- – New investors: drawn to Perth’s affordability and rental returns.
Even with migration cooling a bit, the demand far outpaces supply. And that imbalance is exactly why the market still shows no signs of slowing down.
October Policy Shift: 5% Deposit, No LMI — Game On
From October 1, the government introduced a major policy allowing buyers to purchase with:
✅ Just a 5% deposit,
✅ No Lenders Mortgage Insurance, and
✅ No income limit
The government guarantees the remaining 95% to the bank.
That means on a median Perth home at $850,000, buyers who once needed a $160,000 deposit now need just $40,000.
This has brought a flood of first-time buyers back into the market — adding to the already-high demand.
Wondering if you qualify for the 5% pathway?
schedule a free eligibility check.
Perth Rentals: Still One of Australia’s Best Yields
Another factor keeping Perth hot is its rental market. Vacancy rates are tight, and yields are strong.
Investors love Perth because:
- – They earn better rental income,
- – They face less risk of extended vacancies, and
- – Their properties still grow in value faster than most capital cities.
What This Means for You
If homes are selling in 8 days, the market isn’t just “hot” — it’s hyper-efficient.
That means:
- Buyers need to move fast — but with a clear plan.
- Sellers are in a strong position — if they price smartly.
- Investors should focus on long-term entry points, not timing.
The question isn’t “when” to buy anymore — it’s “how to buy without overpaying.”
Want to Stay Ahead?
✅ Follow Raj_buyersagent for weekly Perth market breakdowns.
✅ Book a strategy session before your next offer.
✅ Get the free Perth Property Playbook 2025 to buy smart in an 8-day market.
Perth’s property market isn’t lucky — it’s logical.
The numbers tell the story.
And if you know the story, you can make your move with confidence.
