Perth

Perth, Western Australia, continues to experience notable growth, with property prices projected to increase by up to 10% in 2025, according to the Real Estate Institute of Western Australia (REIWA).

Market Overview:

• Price Growth: Perth’s property market has demonstrated resilience, with experts anticipating continued growth in 2025. Some forecasts suggest that the housing market may surpass a 10% capital growth, while the unit market might experience more moderate gains. ​

• Rental Market: The rental sector remains robust, with median dwelling rents rising to $670 per week, marking an 8.9% increase from the previous year. This trend is attributed to strong demand and limited housing supply.

Economic Factors:

Perth’s economy continues to thrive, supported by a strong jobs market, significant population growth, and substantial infrastructure investments. However, housing supply constraints persist, with a projected shortfall of approximately 400,000 dwellings by 2029, potentially intensifying competition and driving up property values.

Outlook:

While the property market is expected to maintain an upward trajectory, the pace of growth may moderate compared to previous years. Factors such as global economic conditions, commodity price fluctuations, and domestic policy changes will influence market dynamics.