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Perth continues to outperform the national property market, with strong economic fundamentals and improved affordability driving sustained price growth.
The Western Australian economy remains robust, supported by:
Perth house prices are approaching the $1 million median mark for the first time, with Domain forecasting the city could reach this milestone by the end of 2025. This represents remarkable growth from the market lows of previous years.
The tight rental market is supporting both price growth and rental yields, with temporary mining sector workers adding to accommodation demand. Student migration is also expected to increase, further supporting the rental market.
With mining sector strength expected to continue and relative affordability compared to Sydney and Melbourne, Perth is well-positioned for sustained growth through 2025 and beyond.
Self-managed superannuation funds (SMSFs) are finding new opportunities in the property market as interest rates fall and rental yields improve across key markets.
After being the hardest hit capital city in the post-COVID property cycle, Melbourne is showing early signs of market recovery that could present opportunities for strategic buyers and investors.
For first home buyers, 2025 is shaping up to be a year of opportunity.
The Australian property market is experiencing renewed optimism following the Reserve Bank of Australia's second interest rate cut of 2025
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