🏡 Episode Overview
In this episode, we delve into the latest developments in Perth's property market as of the first quarter of 2025. From robust price growth to rental affordability challenges, we explore the key trends shaping the market and what they mean for investors, homeowners, and renters.
📈 Market Snapshot
Median House Price: As of December 2024, the median house price in Perth was $745,000, marking a 24.2% increase from the previous year. ...
🏡 Episode Overview
In this episode, we delve into the latest developments in Perth's property market as of the first quarter of 2025. From robust price growth to rental affordability challenges, we explore the key trends shaping the market and what they mean for investors, homeowners, and renters.
📈 Market Snapshot
- Median House Price: As of December 2024, the median house price in Perth was $745,000, marking a 24.2% increase from the previous year.
- Annual Growth: Over the past 12 months, Perth's property prices have surged by 14.3%, outpacing all other Australian capital cities.
- Days on Market: Properties in Perth are selling faster than ever, with a median of just 19 days on the market.
- Rental Market: Renters are facing significant affordability challenges, with some areas seeing rental costs consume over 40% of local incomes.
🔍 Key Trends & Insights
- Steady Start to 2025: After the frenzied market activity of 2024, the first quarter of 2025 has seen a more balanced market, with sustained buyer demand and limited new listings.
- Investment Hotspots: Areas like Fremantle, Bayswater-Bassendean, and Joondalup are attracting investor interest due to significant supply shortages and strong demand.
- Commercial Sector: The commercial property market is experiencing a tightening of vacancy rates, with gross take-up reaching 65,000 sqm in Q1 2025, averaging a vacancy rate of 2.5%.
💡 What This Means for You
- For Investors: Perth continues to be a top performer in price growth, rental returns, and buyer activity, making it an attractive market for investment.
- For Homebuyers: While the market remains competitive, strategic property selection is crucial. Opportunities still exist, but careful investment decisions are essential.
- For Renters: Rental affordability is a growing concern, with some areas experiencing significant rent hikes. Renters may need to consider alternative locations or housing options.
📌 Stay Informed
For more detailed insights and regular updates on Perth's property market, consider subscribing to our newsletter or following us on social media.
About Build Out West Podcast: We created Build Out West Podcast to educate people about home building, and provide valuable information related to the builder broker game. Our industry experience gives us a unique insight into the nuances of builder relations and how it ties up to the other aspects of the build including land, and finances. Different markets and changes need different builders. Our industry linkages give us the ability to match you with the right builder for the job.
Our Links: TikTok: https://www.tiktok.com/@buildoutwest
Instagram: https://www.instagram.com/buildoutwest/
YouTube: https://www.youtube.com/@BuildOutWestPodcast
View more
