Perth Property Market Defies the National Slowdown

While the pace of housing price growth is easing at a national level, the Perth property market continues to move in the opposite direction, recording strong monthly and quarterly gains. Housing conditions across Australia are becoming increasingly diverse by city and price point, and Perth is currently one of the clear standouts.

In March, Perth home values rose 2.5%, taking quarterly growth to a substantial 7.3%. In dollar terms, this equates to approximately $69,000 added to the median dwelling value over just three months. According to Tim Lawless, Cotality’s research director, this rapid lift is being driven less by sentiment and more by severe supply constraints. Advertised stock levels remain around 40% below the five‑year average for this time of year, creating intense competition among buyers.

“Clearly this pace of growth is unsustainable,” Mr Lawless said, noting that tight supply continues to underpin values despite higher interest rates and softer consumer confidence.

Growth has been particularly pronounced at the lower end of the market. Increased competition for affordable housing is being fuelled by serviceability constraints, which are pushing buyers toward lower‑priced dwellings. This demand is being further amplified by a rise in first‑home buyer activity, supported by stimulus measures, as well as elevated investor participation.

However, signs of moderation are beginning to emerge. A modest rise in new listings during March has slightly extended selling times, offering buyers more choice and breathing room. REIWA Deputy President Rob Mandanici said this shift reflects a more balanced dynamic forming at the margin.

Looking ahead, ongoing cost‑of‑living pressures, the likelihood of further interest rate rises, and declining confidence amid escalating conflict in the Middle East are expected to weigh on buyer demand. As a result, momentum in Perth’s housing market is likely to slow, even if underlying supply shortages continue to provide some support.

Source: Cotality (Formerly CoreLogic)

Perth Suburbs Moving Up

For the second time in the last six months, Jindalee lead house price growth for the month, with a 3.8% increase to $1,075,000.

Bayswater also made its second appearance in the last six months, recoding a 3.3% jump in March to $1,160,000.

Brabham took out third place with a 2.6% rise to $800,000. Close behind, Criagie recorded a 2.3% increase to $926,000.

Rounding out the top five, Sorrento saw growth of 2.1% to $1,950,000.

Madora Bay, Wellard, Kalamunda, Landsdale and Mandurah also performed well throughout March, all recording increases of at least 1.6%.

Property Spotlight

Our team worked hard throughout March and as a result, 60% of the properties purchased for the month were secured either pre or off market. Here’s a small sample of the properties our team has 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.