Inner Perth Price Growth Outperforms Outer Suburbs in June 2025 Quarter
The June 2025 quarter has highlighted a clear divide in Perth’s housing market, with inner-city suburbs leading the way in price growth compared to middle and outer areas.
Market Snapshot
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Inner Perth: Median house prices rose by approximately 4.7%.
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Outer suburbs: Growth of around 1.3%.
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Middle suburbs: Growth of around 1.1%.
This performance reflects growing demand for locations closer to the CBD and lifestyle hubs, with buyers increasingly prioritising convenience and amenity access.
Key Drivers of Inner Perth Growth
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Lifestyle & Proximity – Shorter commutes, stronger public transport links and local amenities continue to draw demand.
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Tight Supply – Limited available stock in inner suburbs is increasing competition and driving prices higher.
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Value Re-examined – While outer suburbs appear more affordable at face value, transport costs and lifestyle trade-offs are making inner areas attractive for long-term value.
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Economic Confidence – WA’s strong economy and low unemployment are providing a solid foundation for buyer activity.
Suburbs Leading the Charge
A number of Perth’s most in-demand inner suburbs have now surpassed the $2 million median mark, highlighting the strong performance in premium lifestyle areas. These include:
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Shenton Park
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Trigg
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Mosman Park
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Dalkeith
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Cottesloe
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Floreat
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Churchlands
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East Fremantle
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Subiaco
Other established inner suburbs such as West Leederville, North Coogee, Wembley, South Perth and Mount Pleasant have also recorded significant upward shifts, consolidating their positions in the million-dollar club.
Meanwhile, suburbs such as Connolly, Lathlain, North Lake and Kardinya are edging closer to this threshold, with demand expected to continue building in the months ahead.
Implications for the Market
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For sellers: Those in inner Perth may find now is an opportune time to bring properties to market, with strong buyer demand and competitive conditions.
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For buyers: Inner suburbs remain highly sought after, but competition and price pressures mean careful budgeting and planning are essential.
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For outer suburbs: While growth is steady, affordability and space will continue to underpin demand in family and investor markets.
Looking Ahead
The outperformance of inner Perth reflects a shift in buyer priorities toward lifestyle, accessibility and long-term value. While outer areas still provide opportunity, inner Perth suburbs are currently setting the pace in terms of both growth and demand.
Source: Data and insights provided by REIWA
