March Quarter Snapshot: Perth's Unit Market Leads the Way

Elizabeth Robinson Posted on 19 Jun 2025

Adapted from the Real Estate Institute of Australia (REIA), June 2025

At Deximal Property Services, we keep a close eye on Perth’s evolving property market to give our clients real insights they can rely on. The latest data from the Real Estate Institute of Australia (REIA) confirms what we’ve been seeing on the ground: demand for apartments, townhouses and similar homes is on the rise—and it’s showing in the numbers.

🔹 Strong Growth for 'Other Dwellings'

During the March 2025 quarter, the median sale price for other dwellings—which includes apartments, home units, townhouses, flats and terraces—rose 2.8% to $555,000, with a significant 19.4% increase over the past year.

According to REIWA President Suzanne Brown, this isn’t surprising. “As house prices have grown, buyers have started seeking more affordable alternatives—particularly in areas close to the CBD or lifestyle destinations,” she said.

Even with this strong growth, Perth remains one of the most affordable capital cities for other dwellings, second only to Darwin.

🔹 What About Houses?

While Perth’s median house price dipped slightly by 1.0% for the quarter to $790,000, it still sits 14.5% higher than this time last year.

Ms Brown noted that the decline was largely driven by fewer high-end sales during the quarter—not an indicator of a downturn. With WA’s population continuing to grow and new housing supply remaining tight, the broader outlook suggests continued upward pressure on prices, though growth is beginning to moderate in some areas.

📍 Metro & Regional Market Highlights

Other Dwellings – Median Sale Prices (March 2025 Quarter):

Perth Middle: up 3.6% to $570,000
Perth Inner: up 3.3% to $599,000
Perth Outer: up 2.0% to $489,500
Broome: up 11.9% to $464,500
Albany: up 8.8% to $413,500
Bunbury: up 3.7% to $425,000

House Prices – Mixed Movement:

Perth Outer: up 0.8% to $741,000
Perth Middle: down 2.7% to $914,500
Perth Inner: down 12.7% to $1,460,000

Regional movements varied, with Albany and Bunbury both recording 3.6% increases, while Broome saw a 2.2% decline for the quarter.

🏠 Rental Market Update

Perth’s rental market is also shifting. In the March quarter:

The median rent for two-bedroom dwellings rose 4.8% to $650/week, now on par with three-bedroom houses.
Both property types saw 8.3% annual rent growth.
Vacancy rates increased to 2.5%, up from 0.4% a year earlier.

Despite the rise in available rentals, pressure remains high in suburbs close to the CBD and coastal lifestyle hubs, where demand continues to outstrip supply.

Weekly Rent Trends (Two-Bedroom Other Dwellings):

Perth Inner: up 6.1% to $700
Perth Middle: up 3.2% to $650
Perth Outer: up 3.6% to $570
Broome: up 21.0% to $750
Bunbury: up 4.3% to $480
Albany: down 2.3% to $430

Weekly Rent Trends (Three-Bedroom Houses):

Perth Middle: up 3.4% to $750
Perth Inner: steady at $850
Perth Outer: steady at $650
Broome: up 5.0% to $1,050
Bunbury & Albany: stable at $600 and $550 respectively

💬 What This Means for You

Whether you're buying, selling or investing, local market knowledge matters. While overall trends are important, suburb-level data tells the full story—and that’s where we come in.

If you’re considering your next move, reach out to the Deximal Property Services team for personalised, expert advice.

📞 (08) 6166 9129
📧 [email protected]
🌐 www.deximal.com.au
📍 26 The Circus, Burswood, WA 6100

Source: Real Estate Institute of Australia (REIA), June 2025