Perth’s property market is firing up. Last week saw 887 home sales finalised – a 13.9% jump on the week prior – with house, unit and even land sales all rising (houses +7.7%, units +8.3%, land +67.1%). Demand is broad: the top suburbs included Maylands, Perth, Balga, East Perth and Rockingham (each with about a dozen sales). Perth’s median home price is around $842,000 (6th highest nationally), highlighting that buyers are keen to lock in value while prices remain relatively affordable by capital-city standards.
How & Why do Listings Remain very Tight?
Only about 2,929 homes were for sale last week – roughly 27% fewer than a year ago. In practice, this means buyers face a sprint: houses now sell in roughly 10 days (units in 9). As a buyer’s agent, I know how quickly desirable properties disappear from the market. Every listing attracts intense competition, so clients must be ready to act decisively. Professional guidance and local market knowledge help you move fast and stay ahead of the pack in such conditions.
What does this Mean for Buyers?
Timing is crucial in an undersupplied market. Waiting often means paying more later, so having an experienced buyer’s agent can make all the difference. We advise both first-home buyers and investors to act fast – and with the right support – to lock in value in Perth’s fast-moving market. After all, Perth still ranks as one of Australia’s more affordable capitals, so buying now can capture that advantage. First-home incentives and low interest rates can help, but the main edge is having an expert advocate on your side to find off-market deals and negotiate quickly.
Why WA Remains a Hotspot for Investors
Western Australia’s fundamentals look solid. The state saw 127 arrivals for every 100 departures in 2024–25, driving new infrastructure projects and housing demand. Regional WA is also drawing attention with sharp rent gains and double-digit yields – places like Karratha, Broome and Geraldton remain attractive for long-term investors. Even in Perth’s property market, landlords benefit from tight rental supply: only about 2,121 homes were available to rent (down 1.3% week-on-week). Suburbs like Baldivis, East Perth and Perth itself are among the busiest rental markets, reflecting fierce demand and pushing rents (and yields) higher.
In short, strong population growth and scarce stock underpin both price growth and rental returns across Perth and the regions. With our local knowledge and fast action, we’ll guide you in finding the right home or investment, even with limited listings. For more tips and updates on the Perth property market, check out our blog.Wants to know more? We at Key2Dreamz can help and guide you throughout the journey. Our Perth buyer’s agents are here to help you navigate today’s competitive market. If you need support or are clueless about the process, feel free to call us on +61 439 260 917. You can also book a free consultation to chat about your goals and we will give you expert advice.