Perth Property Market Holds Strong Amid National Slowdown

Australia’s housing market stalled in May, but conditions vary widely across the country. While Sydney and Melbourne continue to decline—down 0.9% and 0.8% respectively—Perth remains one of the strongest performers, with values rising 1.5%.

This contrast highlights a clear divide. Over the past five years, Perth property values have surged more than 90%, far outpacing Melbourne’s modest growth. Even with a slight slowdown from April, Perth recorded 4.8% growth over the quarter and 25.8% annually—the strongest result of any capital. The median house price now sits at $1,050,354.

Perth’s resilience is driven by strong population growth, tight housing supply, and relative affordability compared to eastern states. These factors continue to attract interstate investors seeking better value and rental returns.

However, rising interest rates and increased listings are shifting buyer behaviour. Borrowing capacity has tightened, and buyers are becoming more selective, reflected in softer sentiment.

Despite these pressures, Perth remains well positioned. While growth may ease, it is expected to be gradual rather than a sharp downturn, supported by ongoing demand and limited supply. In an otherwise cooling national market, Perth continues to stand out.

Source: Cotality (Formerly CoreLogic)

Perth Suburbs Moving Up

Despite declining buyer sentiment, some Perth suburbs still recorded standout results for house price growth for the month of May. First place was tied, with both Harrisdale and Landsdale recording impressive 4.9% increases to $1,035,000 and $1,165,000 respectively.

Third place, but with an equally outstanding 4.5% jump, went to Bassendean, where prices rose to $992,500.

Southern River took fourth spot, house prices growing 2.8% to $1,031,000. And Subiaco rounded out the top five, with a 2.7% increase to $2,278,000.

Noteworthy too are Padbury, Wellard, Carramar, Hillarys and Wanneroo, all of which recorded gains of 2.3% or more for the month of May.

Property Spotlight

Our team are working hard to find the perfect property for our clients and 35% of the properties purchased throughout May 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 124 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 124 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.