Western Australia’s regional property markets are experiencing a period of unprecedented growth, driven by economic investment, lifestyle appeal, and a significant squeeze on housing supply. While many centres are performing strongly, one region has consistently outshone the rest.
According to the latest data from REIWA for the June 2025 quarter, Geraldton has once again been crowned the top-performing regional centre in WA.
For the third consecutive quarter, this vibrant coastal city has recorded the strongest price growth, cementing its status as a property hotspot. Let’s explore the data and uncover the powerful forces driving Geraldton’s incredible market performance.
The Geraldton Phenomenon: A Story of Explosive Growth
The numbers speak for themselves. In the three months to June 2025, Geraldton’s median house sale price surged by 5.1 per cent to reach $520,000.
The annual growth is even more staggering. Over the past 12 months, Geraldton’s median house price has skyrocketed by 26.8 per cent, climbing from $410,000 in June 2024. To put this into perspective, the median price just five years ago was a mere $265,500.
So, what’s fuelling this remarkable boom?
According to REIWA Regional Spokesperson Joe White, it’s a perfect storm of economic confidence and housing dynamics:
- Infrastructure and Employment: A wave of major investment is creating jobs and attracting new residents. Key projects include the hospital expansion, port and road works, the Oakajee industrial area, and new wind farms.
- A Premier FIFO Base: Geraldton offers an appealing lifestyle for FIFO workers and their families. Compared to the Pilbara, it provides far more affordable housing, a fantastic coastal lifestyle, and a great choice of schools and amenities.
- Building Industry Constraints: With the cost and timeframes for building new homes continuing to present challenges, immense pressure is being placed on the established homes market. This intense demand is pushing prices upwards.
On the Ground in Geraldton: A Fast and Competitive Market
These powerful drivers have created a dynamic and highly competitive local market. Homes in Geraldton are selling in a median of just 18 days.
This speed presents challenges for both buyers and sellers. First-home buyers, while active, are finding that the rapid price growth requires a larger financial commitment than they might have anticipated. The market is also attracting savvy Eastern States investors, who are increasing their budgets to secure property in the region.
For local sellers looking to upgrade or downsize, the market requires careful planning. Making an offer “subject to the sale of another property” can be a disadvantage when competing against cash or subject-to-finance offers. While your home is likely to sell quickly, securing your next one is the primary challenge.
Demand is currently strongest for family homes in the $650,000 to $700,000 price bracket. The most popular suburbs include:
- Wandina
- Drummond Cove
- Glenfield
- Sunset Beach
These areas are sought-after for their proximity to the beach, good schools, and shopping centres, as well as their newer, low-maintenance housing stock, which is particularly attractive to investors.
Regional WA Snapshot: Sales Price Growth (June 2025 Qtr)
While Geraldton was the leader, most regional centres saw positive price growth over the quarter and the year.
| Regional Centre | Median House Sale Price | 3-Month Change | 12-Month Change |
| Geraldton | $520,000 | +5.1% | +26.8% |
| Albany | $630,000 | +4.8% | +17.2% |
| Karratha | $630,000 | +3.3% | +14.5% |
| Broome | $760,500 | +2.6% | +14.4% |
| Esperance | $510,000 | +2.5% | +14.6% |
| Busselton | $901,500 | +1.9% | +12.7% |
| Bunbury | $631,000 | +1.8% | +21.3% |
| Kalgoorlie-Boulder | $399,000 | +0.0% | +7.4% |
| Port Hedland | $512,000 | -2.5% | -6.1% |
Export to Sheets
The Regional Rental Market: Karratha Leads the Way
The rental market across regional WA remains extremely tight. Karratha saw the most significant growth in rents, with its median weekly rent increasing by 18.2 per cent over the quarter to an incredible $1,300. Annually, rents in Karratha are up 30.0 per cent.
This surge is backed by a massive $177 billion pipeline of investment projects in the Pilbara, which is expected to attract 7,500 new residents by the early 2030s, maintaining high demand for rental properties.
| Regional Centre | Median Weekly Rent | 3-Month Change | 12-Month Change |
| Karratha | $1,300 | +18.2% | +30.0% |
| Broome | $1,200 | +14.3% | +0.0% |
| Bunbury | $650 | +8.3% | +8.3% |
| Albany | $590 | +7.3% | +19.2% |
| Geraldton | $550 | +5.8% | +10.0% |
| Busselton | $780 | -1.3% | +11.4% |
| Esperance | $470 | -21.7% | -14.5% |
| Kalgoorlie-Boulder | $650 | +0.0% | +8.3% |
| Port Hedland | $950 | +0.0% | +0.0% |
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Our Final Word
The conditions across regional WA present incredible opportunities but also significant challenges. As REIWA’s Joe White notes, the combination of population growth and building constraints has created a rental crisis he hasn’t seen in his 30-year career, making it incredibly difficult for many to find a home.
For property owners, the current market offers a fantastic opportunity to achieve significant capital growth. For buyers and investors, the key is to be informed, prepared, and ready to act.
Whether you’re looking to capitalise on the growth in Geraldton or explore opportunities in another regional hub, our team has the local expertise to guide you. Contact us today to discuss your property goals.