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Perth's housing market slowed in October 2025, with homes taking longer to sell due to affordability and slower price growth.
In October 2025, Perth saw the longest time properties spent on the market in two years, averaging 26 days—up from the same figure a year earlier—making it the slowest-moving major Australian city, though still faster than most other states.
Domain data shows the rise surpassed Sydney and Canberra, while Hobart, Darwin, and Adelaide saw declines.
Senior economist Joel Bowman attributed the shift to tighter affordability and a slowdown in house price growth, which dropped from 24% to about 10% annually.
Despite the cooling, demand remains strong due to programs like the home guarantee scheme, suggesting continued market momentum into 2026.
El mercado de viviendas de Perth se desaceleró en octubre de 2025, y las casas tardaron más en venderse debido a la asequibilidad y al crecimiento más lento de los precios.