Property is always a hot topic—and for good reason. If you've been wondering where the Perth property market is heading—or if now is the right time to buy, sell, or invest—you're not alone. With plenty of noise out there, we’re breaking down what’s really going on and what it means for you.

Still Strong—Just Less Frenzied

Eighteen months ago, properties were barely making it to the weekend before they were snapped up. Multiple offers were the norm, not the exception, and buyers were making decisions in record time. Fast forward to May 2025, and while the market remains highly active, it’s operating at a more manageable pace. Homes are still selling well—particularly the ones that are well presented and priced right—but buyers now have a touch more time to consider their options. It’s still competitive, but the pressure cooker has cooled slightly.

Multiple Offers? Absolutely!

While each suburb has its own market and quirks, demand remains strong across Perth, especially in the western suburbs, and we’re seeing strong demand in price brackets under $2,000,000. Move-in-ready homes—whether at the entry level or the luxury end—are still attracting multiple offers and healthy competition. So while demand may have softened in some pockets, in the most sought-after areas and for properties that tick all the boxes, it’s still a fast-paced, high-performing market.

Investor Interest is Evolving

The past two years have seen a wave of interest from interstate investors, drawn to Perth’s affordability and strong rental returns. While that wave has eased slightly as East Coast prices soften, Perth remains on the radar—particularly for properties under $1,000,000 in outer suburbs offering solid yield and lifestyle appeal. Local investors also continue to see long-term value in the market, especially as supply remains tight and population growth continues to support rental demand.

Interest Rates Are Keeping Things In Check

Expectations of rate cuts in 2025 haven’t materialised just yet. With only one small rate hike so far this year, we’re seeing a market that’s holding steady. This pause in monetary movement has helped keep prices from surging while still supporting strong, ongoing buyer interest. And if we do see rates come down later in the year? That could easily add more fuel to an already busy market.

Outlook For Prices

While we may not see the sharp spikes of the past, price growth is still on the cards—just in a more sustainable, steady way. Demand is still outpacing supply in many areas, and that imbalance will continue to support home values, particularly for properties that are well-presented and well-located. The bottom line? Perth’s market is far from slowing down—it’s just moving in a more measured, confident direction.

Global Influences Still In Play

No city is completely immune to what’s happening around the world, and Perth is no exception. Economic shifts in the US, global inflation pressures, and geopolitical uncertainty all have an impact. But Perth’s strong local economy, continued population growth, and solid fundamentals help cushion against external shocks. While we’re still in a global marketplace, Perth remains well-positioned.

What To Expect In The Months Ahead

All signs point to a stable, active market over the next six months. As long as there are no major global disruptions, Perth is expected to see moderate price growth with ongoing demand across key buyer segments. Whether you’re looking to buy, sell, or invest, the next chapter of Perth’s property story still holds plenty of opportunity.

Whether you’re selling, buying or just looking for a little advice on the western suburbs property market, we’re here to help. Get in touch with us via the form below for any questions you have and let us help guide you home.