Perth Market Update October 2025-Prices Up, Listings Low, Demand Still Strong
Greater Perth’s property market continues its steady climb despite fewer sales and limited stock. REIWA’s latest data shows the median house price rose to $820,000 in October, up 1.2 per cent for the month and 12.3 per cent year on year.
Sales Market Snapshot
Tight supply remains the biggest driver of price growth. Listings lifted slightly in October but remain 44.5 per cent lower than this time last year. Buyers are still active and acting fast, with many suburbs seeing homes sell within days.
Top performers for house price growth included:
- Jindalee up 2.1 per cent
- Southern River up 1.6 per cent
- Doubleview up 1.6 per cent
- Bayswater up 1.5 per cent
- Swan View up 1.4 per cent
Fastest selling suburbs:
- Yokine (2 days)
- Kinross (4 days)
- Several others at 5–6 days
Overall sales numbers fell to 3,147, down 26.5 per cent from last year due to the ongoing shortage of available homes.
Unit Market Heating Up
Units continue to gain popularity, with the median price increasing to $571,000, up 2 per cent for the month and 17.7 per cent year on year. Units also sold at record speed, with a median of eight days. Affordability and first home buyer incentives are key drivers.
Rental Market Tight but Stable
Rent prices climbed again in October:
- Median dwelling rent: $700 per week
- Median unit rent: $670 per week
- Median house rent: $700 per week
Rental listings increased slightly to 2,137, and median leasing time held steady at 16 days, with several suburbs leasing in under two weeks.
What It Means for Perth
Low supply continues to fuel quick sales, rising prices and strong competition across both sales and rentals. Buyers and tenants need to move decisively, and sellers can expect interest to remain high when priced strategically.
Data and insights sourced from REIWA, November 2025.
