It’s been another fast-paced month across Perth’s inner coastal corridor, with conditions that continue to surprise even seasoned buyers and sellers. Stock levels remain critically low, demand is holding firm, and competition is fierce, especially for A-grade family homes. Here’s a closer look at what’s happening in our patch right now.

Stock at record lows, demand still surging

Perth is sitting at just 3,145 properties on the market, one more than the all-time low. To put that in perspective, there were 825 sales last week alone. That means more than a quarter of the entire stock turned over in just seven days. Scarborough even made the top list for weekly sales, showing just how much activity there still is in this pocket.

Prices, days on market, and trends we’re watching

The Perth median house price rose 1.4% in July to $797,000, which is a 15.5% increase year-on-year. Across our focus suburbs the story is similar, sharp growth, quick sales, and heavy competition:

• Scarborough: $1,277,500 median (+18.8% YoY), 15 days on market.
• Doubleview: $1,227,500 (+21.9%), just 10 days on market.
• Wembley Downs: $1,881,500 (+25.4%), 11 days on market.
• Churchlands: $2,100,000 (+10.0%), 21 days on market.
• Woodlands: $1,720,000 (+24.7%), roughly 10 days on market.

Days on market are sitting in the 10–21 day range, which tells you everything you need to know about demand right now. If a property presents well, it doesn’t last long.

What this means for buyers

For buyers, the key message is to approach with caution but also with confidence if you’re prepared. With competition so fierce (10+ offers is the norm for quality homes), you’ve got to be disciplined.

• Off-market buying is where we’re seeing the best opportunities. Having visibility over more stock and being able to compare without the open-home frenzy often leads to smarter buying decisions.
• Be data-driven. Anchoring to settled comparable sales in the last 60–90 days is critical. Older sales aren’t reliable when the market growth is this steep.
• Structure your offers well. Flexible settlement terms, shorter finance periods, and being inspection-ready can win against higher bids.

What this means for sellers

Sellers are in the driver’s seat. With absorption rates at around 26% per week and median selling times at just 12 days, it’s an incredible time to list.

• If you’re considering selling in spring, it may be worth bringing your plans forward. Scarcity is on your side.
• Presentation matters more than ever. Buyers are paying strong premiums for move-in-ready homes, so a little cosmetic work can go a long way in maximising your outcome.

Boston Cable

Inner Coastal Area Specialist

Contact Boston below:
Email: boston@vervebuyersagency.com
Phone: 0429 778 439

About Boston