A record 30 suburbs joined Perth’s million-dollar club in 2023-24, bringing the total number of suburbs with a median house sale price over $1 million to 87.

Joe White, REIWA President, spoke to 6PR Afternoons host Julie-anne Sprague on the surging prices and his concern regarding supply.

“The best way to think of it is a game of musical chairs. Every time the music stops, if there’s one less chair then that vulnerable person is the one who ends up on the street,” he said.

Click PLAY to hear the full conversation.