WA Housing Market Update: Record-Low Listings & What It Means for Buyers

Written By Sally Chen

The Western Australian property market is already hot and likely to heat up. According to the latest data, the number of houses listed for sale has dropped to a record low — creating a classic case of high demand and low supply. The result? You'll most likely see increased competition and rising prices across Perth and regional WA. 

If you’re thinking about buying a house in WA, here’s what you need to know — and steps to consider to get ahead of the game.

Why Are There So Few Houses for Sale in WA?

Several key factors are driving the shortage of available homes:

  • Population growth: WA is seeing a surge in migration and interstate relocations, which is adding pressure to the housing market.

  • Strong rental yields: Many investors are holding onto their properties because the rental market is booming.

This combination has pushed listings down and buyer competition up — which means if you find the right property, you’ll need to act quickly. BUT always ensure you know your goals and finances to make the best informed decision for you and your family.

What This Means for Buyers

1. Get a Buyer’s Agent on Your Side

A buyer’s agent works exclusively for you, helping you:

  • Access off-market and pre-market properties before they hit the public listings.

  • Negotiate price and terms in your best interest.

  • Save time by filtering out homes that don’t suit your needs.

When there are fewer homes available, having a professional searching and negotiating for you can give you a major edge.

2. Be Ready With Pre-Approval

In this market, speed matters. Sellers want buyers who are finance-ready and can move quickly. That’s where pre-approval comes in:

  • Know your budget and goals upfront: Focus on properties you can actually buy, and want to buy to meet your future goals. Don't waste time on properties that don't match your criteria. 

  • Make stronger offers: Pre-approval shows sellers you’re serious.

  • Avoid missing out: Have everything ready to go so you can act fast when the right property pops up.

Working with a mortgage broker can save you time, money, and stress by comparing dozens of lenders and getting you pre-approved quickly.

Get Prepared Today

At WestGen Finance, we help WA buyers get finance-ready fast so they can secure their dream home with confidence. We compare dozens of lenders, find the right loan for your situation, and guide you through the process from pre-approval to settlement.

Ready to get started? Book a free chat with us today and get pre-approved so you’re ready to act when the right property comes along.

Sally Chen
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