REB's Liam Garman sits down with Ashby Farrell from WHITEARCH to unpack Perth's explosive growth – and how agents can keep their heads above the water when the number of listings continues to fall.

With active listings plunging to record lows and properties selling in single-digit days, Farrell explains why Perth is no longer just dealing with an affordability crisis, but a full-blown supply crunch. He breaks down the numbers behind the shortage, why fewer than 2,000 listings is fundamentally unsustainable, and how this imbalance is reshaping buyer behaviour across the city.

Farrell reveals why many property owners are refusing to sell, choosing instead to hold positively geared assets while prices continue to climb – and how this mindset is locking stock out of the market. For investors, he outlines where opportunities still exist, why yield must stack up today, and which city-fringe suburbs could deliver the next wave of capital growth.

The conversation also lifts the lid on the realities faced by agents and property managers. Farrell warns of falling transaction volumes, explains why discounting fees is a race to the bottom, and shares practical advice on how agents can protect margins, listings, and long-term relevance in a low-stock environment.

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