The latest market data from the June 2025 quarter is in, revealing a Perth property market that continues to show solid growth. However, a closer look at the figures shows different trends emerging depending on where you are and what type of property you’re looking at.
Overall, Perth’s median house price has now reached $815,000, marking a 1.9% increase for the quarter and an impressive 9.2% rise over the past year.
Let’s break down the key trends.
The Story of House Sales: Inner Perth Leads the Way
When it comes to house prices, the desire for inner-city living is clear. Homes in Perth’s inner suburbs saw the strongest price growth this quarter, with the median price climbing by 4.7%.
This outpaced the steady growth seen in other areas:
- Perth Middle suburbs: +1.1%
- Perth Outer suburbs: +1.3%
As noted by REIWA President Suzanne Brown, this isn’t surprising. “WA’s economy remains strong. The job market is steady, and people continue to want to live and work in areas close to the CBD and key lifestyle attractions,” she said. This strong demand for the convenience and reduced travel times offered by inner-city living continues to put upward pressure on prices.
Units & Townhouses: Growth Strongest in Middle & Outer Rings
The market for units, townhouses, and apartments tells a different story. Here, the strongest quarterly growth was seen in the middle and outer suburbs.
- Perth Outer suburbs: +5.1%
- Perth Middle suburbs: +3.0%
- Perth Inner suburbs: Stable
The median price for these dwellings in Perth now sits at $570,000, which is up 1.8% for the quarter and a very strong 16.3% over the year, highlighting fantastic long-term growth, particularly in the outer suburbs.
The Rental Market: Signs of Moderation
For tenants, there are signs of the market beginning to stabilise. The median rent for a three-bedroom house in Perth saw a minor increase of 1.5% over the quarter, now at $660 per week.
Crucially, the rental vacancy rate in Perth has risen to 2.7%. This increase of 2.2 percentage points over the past year suggests more choice is becoming available for renters, helping to ease the intense pressure seen in previous quarters.
What to Expect Next
While we’re seeing some moderation, especially in the rental market and outer sales areas, experts predict this may be short-lived.
Two key factors are expected to fuel demand in the coming months:
- Continued Population Growth: WA remains a highly desirable place to live.
- Expanded Buyer Schemes: The expansion of the First Home Guarantee Scheme from October will open the door for many new buyers to enter the market.
With different trends occurring from suburb to suburb, getting expert, localised advice has never been more important.
Thinking of making your move? In a nuanced market like this, understanding your local area is key to success. Contact our team today for an up-to-date appraisal and a strategic discussion about your property goals.
