Perth Property Market Feels the Pressure of Rising Rates and Global Uncertainty

Perth’s property market eased slightly in April, as rising interest rates and broader economic pressures began to impact buyer behaviour, despite continued price growth.

The Reserve Bank of Australia lifted the cash rate to 4.35%, its third increase this year, amid concerns inflation—up 4.6% over the March quarter—could exceed its target range. This has already pushed repayments on a $600,000 mortgage up by around $300 per month, tightening household budgets.

Locally, active listings increased, giving buyers more choice, though overall supply remains below last year’s levels. This shift has seen buyers take longer to decide, with softer attendance at home opens and fewer offers. While sales activity typically slows in April due to holidays, caution is also being driven by higher living costs and global uncertainty, including the Middle East conflict and rising fuel prices.

Despite these headwinds, the market remains resilient. Perth property values rose 2.1% in April, although growth has slowed in line with national trends.

Demand is increasingly focused on more affordable properties, as higher borrowing costs push buyers toward lower price points where incentives and credit availability have the greatest impact.

Overall, while Perth’s property market is moderating, it remains fundamentally strong. Increased listings and softer activity suggest a gradual rebalancing, but continued price growth and constrained supply indicate that underlying demand is still supporting the market.

Source: Cotality (Formerly CoreLogic)

Perth Suburbs Moving Up

Cottesloe led the pack in April, with a standout 9.4% jump in house sale price growth for the month to $3,500,000.

In second place, Beckenham recorded solid growth of 3.3% for April, lifting its median to $797,500.

For the second month in a row, Brabham came in third place, with house sale prices up 2.9% to $836,500.

It was all tied up at the end of the top five for April with both Yokine and Canning Vale posting 2.5% increases. Yokine’s median reached $1,250,500, while Canning Vale climbed to $1,076,777.

Property Spotlight

Listings were up for April, but thanks to the hard work of our team, 40% of the properties purchased for the month were secured either pre or off market. Here’s a small sample of the properties our team purchased recently:

What’s Happening In The Perth Property Market?

Over the past twelve months, we’ve supported more than 115 clients in securing high‑growth, high‑cashflow properties – handling all the paperwork and agent interactions so they can focus on the opportunities, not the hassle.

Our clients have saved thousands thanks to our deep market insight, extensive off‑market referral network, and decades of combined experience across development, planning, and investing. With real‑time pricing models and on‑the‑ground knowledge, we ensure our clients are always ahead of the market.

You may already be a confident researcher, negotiator, and deal finder – and that’s a great start. But with over 115 deals completed just in the past year, a two‑decade‑strong network of trusted referrers, and a dedicated team of full‑time researchers and relationship builders, we’re positioned to hear about Perth property opportunities first.

By partnering with us, you’ll access exclusive off‑market deals, significantly expanding your options while saving time and avoiding the stress. We manage every inspection, research task, and negotiation from start to finish.

If you’re ready to experience the same success as our clients, we invite you to book your complimentary discovery call today.