Perth Property Market Forecast: Steady Growth Ahead as REIWA Predicts 10% Rise for 2025
Perth’s property market continues to power ahead — and according to REIWA, it’s showing no signs of slowing down.
With strong buyer demand, interest rate cuts, and population growth supporting the market, Greater Perth is on track for a 10% increase in median house prices by the end of 2025, alongside impressive gains in the unit sector.
A Market That’s Holding Its Ground
REIWA President Suzanne Brown confirmed that the Perth market has closely followed this year’s forecasts.
“We’ve seen sale price growth in each quarter of 2025,” Ms Brown said. “House prices are on track for around 10% growth, and unit prices are expected to reach 15% by year’s end.”
This marks a noticeable shift from previous years, where houses traditionally led the charge. Now, units, villas, and townhouses are seeing stronger price growth as more buyers seek affordable homes in desirable, well-connected suburbs.
Affordability Driving Buyer Interest
With Perth’s entry prices rising, many first home buyers and investors are looking beyond traditional houses. Areas such as Maylands, Victoria Park, and other inner suburbs still offer apartments and townhouses below the first home buyer thresholds — often in locations packed with lifestyle appeal.
“We’re seeing more buyers choose villas and townhouses for their practicality,” Ms Brown explained. “They offer a sense of independence and space — things like a private courtyard and garage — without the maintenance demands of a full block.”
Record-High Prices, but Balanced Growth
At the end of the September quarter, Perth’s median house price hit a record $810,000, up 8% since January. The median unit price also reached a new high of $565,000, climbing 13% across 2025.
While these are strong figures, REIWA says growth is moderating compared to the record-breaking 25% rise seen in 2024.
“The pace has eased, but the fundamentals are still there — strong demand, limited supply, and ongoing buyer confidence,” Ms Brown said.
Supply Still Playing Catch-Up
Although new home completions have increased slightly, supply remains tight across Perth. Until construction levels rise substantially, buyer competition is expected to stay high, keeping upward pressure on prices.
“We continue to support government initiatives that bring new homes to market faster, including urban infill and medium-density developments,” Ms Brown added.
Rental Market Outlook
The rental market remains strong, though growth has softened compared to last year. Perth’s median weekly rent is forecast to rise about 5% by year’s end, reaching approximately $700 per week for houses and $675 for units.
Outer suburbs are seeing slightly more availability, but inner Perth rentals remain in high demand.
“Until we see a genuine boost in housing stock, rents are unlikely to see major relief,” Ms Brown said.
What This Means for Buyers, Sellers, and Investors
For buyers, 2025 continues to offer opportunities — especially in the townhouse and apartment sectors where affordability and lifestyle align.
For sellers, steady price growth and limited stock create favourable conditions to list, particularly heading into the new year.
And for investors, strong rental returns and consistent demand make Perth one of the most appealing markets in Australia right now.
At Deximal Property Services, we’re seeing this momentum firsthand. Homes across Greater Perth are attracting serious interest, with quick turnarounds and multiple offers still the norm.
Whether you’re thinking about buying, selling, or investing, our team is here to guide you through the process with clarity, strategy, and genuine local insight.
📞 (08) 6166 9129
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🌐 www.deximal.com.au
Market data and forecasts sourced from REIWA (Real Estate Institute of Western Australia), October 2025.
