Perth’s property market has shown remarkable resilience and growth through 2024, with median house prices in key suburbs rising between 12-18%. As we move through 2025, several key trends are shaping buyer decisions.

First, the western suburbs continue to command premium prices, with Nedlands, Claremont, and Cottesloe seeing particularly strong competition. Low stock levels combined with strong interstate migration are keeping prices elevated.

For first home buyers, the outer suburbs of Baldivis, Alkimos, and Ellenbrook offer more affordable entry points while still providing strong growth potential. The government’s HomeBuilder incentives have also supported new construction in these areas.

Investors are increasingly looking at the rental market, where vacancy rates have fallen to historic lows below 1% in many suburbs. Rental yields remain attractive, particularly in the inner suburbs where demand from professionals and families is strongest.

Our advice for buyers in the current market: be prepared, move quickly, and engage a knowledgeable agent who understands the nuances of your target suburb.