Perth's property market is set for continued growth in 2025, following a remarkable 19.8% increase in house values last year. This growth is fueled by a strong mining sector, rising commodity prices, and Western Australia's growing population.
Industry experts remain optimistic. Sue Davies predicts an increase between 14% and 19%, depending on economic conditions. Sue notes:
“A key driver is Perth's tight housing supply. After a decade of limited construction, low stock levels in desirable areas increase prices. With continued population growth and potential interest rate cuts mid-year, the market remains strong for buyers and investors alike.”
Certain suburbs will experience significant growth in 2025. Northern corridors like Alkimos, Eglinton, and Yanchep continue to expand, driven by new infrastructure and coastal lifestyle appeal. Byford and Hilbert are booming in the southeast, while suburbs like Baldivis and Wellard remain popular with families in the south. These areas offer affordability without compromising connectivity or amenities.
For investors, this presents a golden opportunity. With rental yields remaining strong and vacancy rates at historic lows, well-chosen properties in growth corridors could deliver solid returns. First-home buyers can also benefit, as land releases in these areas provide an affordable entry point into the market while ensuring long-term value.
With land available throughout Perth, we look forward to helping you achieve your property goals in 2025.
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