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Thought the Perth Property Boom Was Over? Think again.
Thought the Perth Property Boom Was Over? Think again. 5 September 2025 Matthew Hughes By Matthew Hughes If you’ve been wondering whether Perth’s property boom has run its course, the answer is simple: absolutely not. In fact, Perth’s market is tighter than ever. At the end of August, just 2,981 properties were listed for sale – the lowest number since records began. In more than 55 suburbs across Perth, buyers are competing for just one available property. To put that in context, there are more licensed agents in WA than there are properties available for sale right now! This shortage of supply is driving intense competition. According to REIWA, homes are selling in just 10 days on average (down from 15 days in March), with the median dwelling value having increased another 1.1% in August and now sitting at a still relatively affordable $841,928 – nearly $100,000 below the national capital city average. Despite a slowdown (from very high activity levels), investor lending is still well above the 10-year average at just over 36% and Perth continues to maintain a comfortable lead over other major capital cities with a rental yield of 4.2%. First home buyer activity is well below the
If you’ve been wondering whether Perth’s property boom has run its course, the answer is simple: absolutely not.