The number of Perth properties listed for sale has dropped to an all-time low with stalling supply threatening to push prices further through the roof.
Just 2981 houses, units or blocks of land were up for grabs at the end of August, which the Real Estate Institute of WA declared was the lowest number since their records began.
That was down a whopping 18.3 per cent compared to the same time last year.
It’s also far less than the 4647 real estate agents registered across the State, sparking intense competition in some parts of the industry.
Even as interest rates have been falling and the jobs market staying strong, Perth homeowners have been putting sale plans on ice.
Some have delayed hanging up the “for sale” sign, lured by the promise of future price rises; others were stuck in a