Perth Property Market May 2025

As of July 2025, Perth's property market continues to present compelling opportunities for investors, driven by robust economic fundamentals, population growth, and a tight housing supply. Here's an updated snapshot tailored for investors:

• Perth house values rose +0.7% over the month of May, +1.% over the quarter and +8.1% year-on-year, bringing the median value to $848,980. Units outperformed houses in monthly and annual growth, increasing by +0.8% in May, +2.3% over the quarter and +13.1% over the year. The median unit value now sits at $607,022.~Source: Cotality

• Sales activity across Perth’s property market continued to ease, down -1.7% over the year. The median time on market rose slightly for Perth in the month of May up to 16 days compared to 9 days on the same time last year (May 2024). Perth continues to record the lowest median days on market nation wide. ~Source: Cotality

• The divergence continued with listing levels, with total listings increasing by +9.2% on the same time last year, however, new listings for Perth was slightly down on the equivalent period last year at -0.6%. ~Source: Cotality

• Improving buyer sentiment has placed upward pressure on Perth property values following the May official interest rate cut – building on the effect of February’s reduction – with expectations of further easing continuing to buoy market confidence. ~Source: Cotality

• Over the past year, Perth rents have continued to rise, albeit at a slower pace than recorded over previous years. House rents recorded a +4.6% annual rise, and units noted a stronger +7.7% rise. ~Source: Cotality

In summary, Perth's property market in 2025 offers robust investment opportunities, particularly in suburbs with strong growth potential and high rental yields. However, investors should remain vigilant regarding affordability issues and potential policy changes that could affect the market landscape.