Perth Property Market Analysis - September 2025

Perth's property market continues to demonstrate remarkable strength as we move through September 2025. With house prices currently trending towards 10 per cent growth this year according to REIWA, the market is delivering exceptional opportunities for buyers across all segments.

September Market Snapshot

Strong Performance Indicators:

• Major banks forecast 4-6% growth for 2025, with ANZ predicting up to 6.1% growth

• Properties selling in just 15 days on average, highlighting strong buyer demand

• Rental vacancy rate remains extremely tight at 0.7%

• Weekly median rents around $755

The market fundamentals remain exceptionally strong, with continued population growth and tight housing supply driving sustained demand across Perth's metropolitan area.

Current Market Dynamics

Price Growth Momentum

Throughout 2024, Perth saw impressive growth with median prices increasing 24.7% for houses and 24.5% for units. While growth is moderating from these exceptional levels, Perth's median house price is expected to reach between $840,000 to $856,000 by year-end - representing significant value creation for property owners.

Rental Market Strength

Perth's rental market remains in crisis-level tightness with vacancy rates consistently below 1% since 2020. This creates exceptional conditions for investors with:

• House rents at $690 per week (up 6.2% year-on-year)

• Unit rents holding at $650 per week (8.3% above March 2024)

• Vacancies remaining below 1.6%, with landlords holding the upper hand

September Opportunities by Buyer Type

First-Home Buyers - Act Now Before Further Growth

With prices trending strongly upward, first-home buyers should prioritize these growth areas:

Ellenbrook & Surrounds - Excellent infrastructure development with family amenities and transport connectivity.

Baldivis - Southern corridor growth with shopping centers and rail links, perfect timing before further price increases.

Butler/Ridgewood - Northern suburbs offering the last affordable entry points with major development planned.

Investors - Capitalize on Record-Low Vacancies

The current rental crisis creates exceptional investor conditions:

Subiaco - Professional rental demand with proximity to CBD and universities. Strong capital growth history.

Scarborough - Post-redevelopment transformation delivering strong yields and capital appreciation.

Cockburn Central - Transport hub location perfect for tenants, benefiting from infrastructure investment.

Downsizers - Premium Locations Still Accessible

Before further price growth impacts premium areas:

Mount Lawley - Character living with café culture, becoming increasingly sought-after.

Cottesloe - Beachside prestige while still accessible compared to eastern capitals.

Subiaco - Urban convenience with established amenities and strong growth prospects.

Why September 2025 is Prime Timing

Market Momentum Factors

• Perth has the lowest number of properties on the market ever recorded

• Economy is strong with employment growth, no longer just depending on mining

• Migration is high, driving sustained demand

• Interest rate environment stabilizing, creating buying opportunities

Supply Constraints

Supply remained relatively low throughout 2024, putting upward pressure on home values. This trend continues into September, supporting price growth across all market segments.

Market Forecast: What's Ahead

Rest of 2025 Outlook

Expert predictions suggest continued strength:

• House price increases expected to moderate from 10.2% in December 2024 to 5.2% by December 2025

• Median house price range projected to reach $840,000 by year-end

• Rental market expected to remain tight with continued yield growth

Economic Drivers

Perth's economic diversification beyond mining continues strengthening the property market foundation, with technology, renewable energy, and services sectors providing employment stability.

September Action Plan

For Immediate Buyers

1. Act Quickly - 15-day average selling time requires swift decision-making

2. Accurate Pricing - Strong demand means competitive offers essential

3. Professional Guidance - Market moving fast, expert advice crucial

Investment Strategy

With vacancy rates below 1% driving continued rent growth, investment timing is exceptional. Focus on areas with infrastructure development and transport connectivity.

Why Choose NQuest Invest This September

As Perth's market accelerates, timing becomes critical. NQuest Invest's local expertise ensures you capture current opportunities before further price growth impacts affordability.

September Market Advantages:

• Access to off-market opportunities

• Established relationships with key Perth agents

• Understanding of suburb-specific growth drivers

• Experience navigating fast-moving market conditions

Ready to secure your Perth property before year-end growth? Contact NQuest Invest today. With market conditions this strong, waiting means missing exceptional opportunities.

Market data current as of September 2025. Property investment involves risks. Seek professional advice tailored to your circumstances.