Latest Perth Property Market Insight - June'2025

Drawing on data covering residential, rental, commercial, and economic trends:

Residential Market

Property listings & prices : Perth is bucking Australia's broader trend of declining property listings—with a 3.5% year‑on‑year increase in new listings, compared to a 7.6% drop across other capitals. Median house prices vary by report but generally sit between A$775K‑$1.074M, with annual growth ranging from +18% to +24% depending on the source.
Sub-market variability : Coastal suburbs remain highly in demand, while growth in inland pockets is driven by affordability and future development prospects

Vacancy rate observed trends
- Early‑2025 vacancy rates hit 2.5%, within the balanced range of 2.5–3.5% (first time since 2019)
- REIWA’s June snapshot reports 2,375 rental listings—1.2% fewer than a year ago but up 3.4% from the previous month.
Rent price dynamics : Rentals peaked at A$650/week in 2024, stabilising since. Weekly rates now sit around A$682 for 2 BR, A$600 for 3 BR, and A$650 for 4 BR

Growth projections : Analysts expect Perth to be one of the top-performing markets in 2025–2027:
- CoreLogic/Reuters poll forecasts ~5% price growth annually, led by Perth.
- Long-term forecasts (2025–2030) estimate annual house price growth of 6–8%, pushing medians to ~A$1.4M by 2030.
Key economic tailwinds
- Population growth: WA saw ~3.6% last year (~81,300 new residents), with inner‑city jobs especially strong.
- Tight supply in housing and rentals; listings remain ~30% higher than last year, but still low relative to demand.
- Commercial sector: Perth CBD office leasing remains above long-term averages, with vacancy ~2.5% and rents up ~4.4% year‑on‑year

Housing affordability pinch : Median house prices jumped ~19% in the past year to ~A$775K, creating barriers for first-home buyers. Government schemes may encourage borrowing—but stagnant wages and high repayments pose risks.
Interest rate sensitivity : The RBA’s current cash rate (~4.35%) has slowed growth; future cuts could reaccelerate prices—but also inflate more borrowing and affordability pressures.

Component	What's Going On
Listings	+3.5% YoY; supply still tight
Prices	Median house ~A$775K–1.07M; annual growth 18–24%
Rentals	Vacancy ~2.5%; rents peaked ~A$650/wk
Forecast	5% annual growth expected; long term ~6–8%
Drivers	Migration, population, job growth, low supply
Risks	High prices; interest rate shifts; wage stagnation

Investor angle: Perth remains a high-yield market—tight rental supply and healthy rent growth (~6.5%) make it attractive soho.com.aubambooroutes.com.
Owner-occupiers : Demand remains strong, but accelerating prices and borrowing stress are key hurdles.
Timing : Following a rational phase, the market may get an uptick if rates drop. Now could be a strategic entry point before potential 2026+ acceleration.

💬 Considering buying or investing?Now’s the time to understand the “why” behind the numbers.