The Real Estate Institute of Western Australia said the average turnover time in Western Australia increased from 14 years to 21 years between 1990/1991 and 2013/2014.
That 50 per cent increase in turnover time coincided with a 59 per cent increase in homes, from 586,000 to 992,000.
“This indicates that owners and investors are holding property longer and debunks the long-held myth that households move on average every seven years,” REIWA said.
Turnovers fell to as low as 11 years in 2005/2006 during the height of the property boom before blowing out to 25 years in 2010/2011.
Turnover time in Perth also increased from 14 years to 19 years between 1990/1991 and 2013/2014.
[Related: Perth house prices fall 0.6%]