Perth's property market continues its strong performance in 2025, drawing attention from homebuyers and investors alike. With undersupply, population growth, and attractive housing prices, Perth remains one of Australia’s most compelling real estate markets.

📈 Key Search Trends & Performance

• 
  1) Perth property market expected to grow up to 10% in 2025, following a 24% surge in 2024 (houses rose from $600K to $745K; units from $412K to $500K) .

• 2) KPMG forecasts 4% house growth and 4.6% unit growth in 2025 

• 3) Reuters poll projects Perth leading nation with 5% annual price rises due to persistent undersupply.
  

  
  🌍 Market Drivers

  
  

  1) Population & Migration

            i) Steady interstate and international migration fuels demand. WA recorded ~2.8% pop growth in 2024.

  2) Housing Undersupply

           ii) Perth’s vacancy rate is critically low (<1%), with strong rental demand and yields above 4.5% .

  3) Infrastructure & Lifestyle

           i) Projects like METRONET, Westport, airport rail, and new communities boost suburban appeal 

          ii) Suburbs like Scarborough, Baldivis, Joondalup, Ellenbrook, Armadale, Rockingham benefit 

  4) Affordability & First-Time Buyers

           i) Perth remains more affordable than Sydney or Melbourne, attracting young buyers and east-coast investors

  
  
  🏘️ Top Suburbs & Investment Spots

  • 
    1) Scarborough: +2.7% monthly growth, strong coastal demand 

  • 2) Baldivis: Family-friendly, growing first-home buyer destination 

  • 3)Joondalup & Ellenbrook: Infrastructure-led growth 

  • 4) Rockingham, Armadale, Mount Lawley, North Beach, Mindarie, Wembley, Melville: Poised for healthy appreciation
    
    
    

    🚧 Risks & Considerations

    • 
      a) Slowing demand? Reddit chatter notes some outer suburbs like Caversham and Ellenbrook showing early price adjustments, though inner areas remain resilient .

    • b) Vacant stock vs housing crisis: Perth has some vacant public housing even as demand remains extreme .

      
      

      
      

      🔮 Outlook & Strategy

      • 
        

        1) Price forecast: Continued growth of 5–10% in 2025 for houses and units . Longer-term 6–8% annually through 2030 .

      • 2) Investor tips:

        •        a) Prioritize suburbs near METRONET and coastal areas.

        •        b) Consider apartment yields and legislative trends like Airbnb regulations .

      • 3) Homebuyer advice: With affordability relatively favorable and grants in place, now is a strong window to enter.

    
    
    

    ✅ Final Take

    
    Perth’s property market is far from cooling off. With its compelling mix of affordability, infrastructure, and undersupply, it's among Australia’s strongest for 2025. Just stay alert for early signs of slowdown in fringe areas and focus on suburbs with solid fundamentals.