THE number of properties advertised for sale in Perth surpassed 6000 at the end of June, according to the latest data from Real Estate Institute of WA (REIWA).

This was 14.8 per cent higher than at the end of May, and 58.3 per cent higher than a year ago.

It is the first time active listings have been more than 6000 at the end of a month since April 2023.

REIWA President Suzanne Brown said the rise was due to an increase in new listings over the past few months and a softening of demand.

“The number of new listings in June is on par with the five-year average for this month, which is positive after the shortage of listings seen earlier this year,” she said.

“With properties coming to market in reasonable numbers since the end of March, the supply side of the supply and demand equation has improved.

“We have also seen a noticeable change to demand in the wake of the federal budget and the back and forth over the taxation legislation.

“Despite there being more properties on the market, sales activity decreased in June, more so than you would expect at this time of year.

“Our members have reported a decline in enquiry from potential investors (and) I have also seen a reduction in activity from first home buyers, the very people this legislation is aiming to help.

“Now that the taxation policies have passed federal parliament and we have more certainty, it will be interesting to see if market activity picks up in the coming months.”

Ms Brown said consumer sentiment and three interest rate rises were also impacting market activity.

“The interest rate rises have reduced buyers’ borrowing capacity and therefore how much they can spend when purchasing a home.

“They are also concerned about the impact of further rate rises on mortgage affordability, so are being much more prudent with their finances,” she said.

“You also can’t ignore the role consumer sentiment is playing. The uncertainty around the ongoing conflict with Iran is impacting some people’s decisions to sell and buy. In addition, whenever there is major change to housing-related policy, similar to what happens around an election, we often see a lull in market activity.”

According to REIWA data, Darlington was one of the suburbs that saw the greatest percentage increase (up 122.2 per cent) in new house listings from the March quarter to the June quarter alongside Warwick which is up 140 per cent, Gwelup up 128.6 per cent, Huntingdale up 126.3 per cent, and Kallaroo up 125 per cent.

Perth property prices rose again in June, but at a lower rate than in previous months.

The median house sale price rose 1.1 per cent over the month to $930,000.

This was 16.3 per cent higher year-on-year.

The median unit sale price increased 1.5 per cent in June and 21.8 per cent over the year to $670,000.

Ms Brown said the changes in market conditions had seen the rate of price growth slow and it was likely to slow further in the coming months.

“The changes in the market mean sellers are going to have to adjust their expectations and price their property for today’s market, not what they might have received a few months ago,” she said.

“We have seen the number of sellers discounting their houses increase from one in 10 in the March quarter to three in 10 in June, and sellers are receiving fewer offers.

The median weekly rent for houses remained unchanged at $750 but was 10.3 per cent higher than a year ago.

The median weekly rent for units was also stable at $700 which was 5.3 per cent higher than June 2025.

The median dwelling rent declined 0.7 per cent over the month to $725 per week, however, this was 6.6 per cent higher than the same time last year.

Ms Brown said the Perth market had yet to see the full repercussions of the federal budget’s taxation changes.

“While many have chosen to remain in the market for now, we are finding potential investors are very hesitant to purchase a rental property,” she said.