Key Points – Perth Property Market Update Q2 2025
- A Market That Refuses to Slow Down: This quarter has been anything but quiet. We’ve come through a year shaped by global uncertainty, whispers of rate cuts finally starting, and a property market in WA that’s still grappling with tight supply. With Labor now back in power at both state and federal levels, there’s political momentum to tackle the housing shortage. And with elections behind us, buyers who’ve been waiting on the sidelines for more certainty are starting to act.
- Prices Keep Climbing: Perth’s median house price has reached $786,000, up 2.7% since April and 16.4% over the year. Low supply and strong demand are driving prices higher, with sellers firmly in control and buyers moving quickly.
- Sales Surging, Listings Low: Weekly sales are averaging around 900, the strongest levels since the 2006 mining boom. Meanwhile, listings have plunged 21.7% to just 3,867 properties, with homes selling in just 12 days on average.
- Conditions Remain Supportive: The cash rate sits at 3.85%, with cuts expected soon, which could bring mortgage rates below 5% by year-end. First-home buyers will need only a 5% deposit from January 2026, adding more fuel to demand. Strong equity is also pushing many homeowners to upgrade, especially in the $900,000–$1.5 million range.
- On the Ground at Buyers Advocate Perth: Enquiries jumped 80% this quarter, partly rebounding from a quiet summer and Easter period. Many buyers are preparing now for more listings expected in spring, with investors and first-home buyers leading the activity, while some downsizers remain cautious.
Full Report – Perth Property Market Update Q2 2025
Price Pressure Builds, Listings Tighten, and Momentum Grows
It’s been a year marked by significant shifts: the beginnings of interest rate drops, the ongoing tariff fiasco on the global stage, and, closer to home, the continued undersupply of property in Western Australia. With a Labor government back in power at both state and federal levels, there’s now a clear mandate to address housing shortages. Meanwhile, demand keeps building, driven by strong population growth in WA. Many people prefer certainty before making large financial moves or major purchases, and now that the elections are out of the way, buyers are feeling more confident and are increasingly willing to take action on their next property purchase.
If you’ve been watching Perth’s property market and wondering when things might cool, this quarter gave a pretty clear answer: not yet.
From April to June 2025, Perth’s residential market continued its strong upward trajectory, fuelled by low supply, high demand, and growing buyer confidence. For anyone buying or investing — especially with the guidance of a buyers agent in Perth — it’s been a quarter full of both urgency and opportunity.
(Source: REIWA)
Median Price Keeps Climbing
Perth’s median house price rose to $786,000, a 2.7% increase since the start of April and a huge 16.4% annual rise over the last 12 months. It’s a clear sign that strong fundamentals — not speculation — are supporting these gains.
(Source: REIWA)
Buyers are moving fast. Sellers are in control. And price pressure is unlikely to ease any time soon.
Sales Volumes Outpace the Boom Years
Weekly sales continue to hover around 900 sales per week (up 7.94% more sales than Q1), and surpass figures last seen during the height of the 2006 mining boom.
The Perth market isn’t just holding steady — it’s thriving, and the energy out there is impossible to miss.
Listings? What Listings?
In April to May 2025, there were around 5,000 properties for sale across Greater Perth — far below the balanced-market average of 13,000. But instead of rising, that number fell another 21.7%, hitting just 3,867 listings by July 1st, with only 2,321 detached houses.
This is near all-time low stock levels, and for serious buyers, that means competition is fierce. Properties are going under offer in just 12 days on average — a full day quicker than last quarter.
(Source: REIWA)
Conditions Remain Supportive — and Confidence Is Growing
Beyond the numbers, there are some strong drivers at play right now.
- Housing supply remains incredibly low, keeping upward pressure on prices.
- The cash rate is holding at 3.85%, and markets expect the RBA to start cutting rates as soon as July, with forecasts suggesting the rate could drop to around 3% and home loan rates dip below 5% again by the end of 2025. That would be a major psychological boost for buyers, both first-home buyers and investors alike.
(Source: ASX’s RBA Rate Tracker – i.e., It’s interesting to see where the market expects interest rates to be at in the months ahead)
- New government incentives are also on the horizon, with first-home buyers set to benefit from only needing a 5% deposit for their purchase starting 1st January 2026.
- Many homeowners in Perth now have significant equity, and the next wave of activity is expected to come from upgraders looking to trade up to higher-value properties. This segment is increasingly active in the price band between $900,000 and $1.5 million — a range that captures quality homes and the lifestyle aspirations of wealthier buyers.
The broader picture remains positive. Perth continues to operate at full employment, with strong population growth and a shortage of labour underpinning demand. As REIWA President Suzanne Brown noted, “the conditions underpinning price growth remain.”
Building new homes is still costly and slow, ensuring established properties hold a premium — a trend unlikely to change quickly.
What We’re Seeing on the Ground
At Buyers Advocate Perth, our own activity mirrors what’s playing out in the broader market. Enquiries jumped 80% this quarter compared to Q1, driven by a mix of new and returning investors, and strategic long-term upgraders. This surge may also partly reflect the seasonality of the market, as sellers, buyers, and real estate agents are often on holidays over summer and the Easter long weekends, leading to a quieter start to the year.
The winter months of 2025 are shaping up to be a preparation window — buyers are doing the groundwork now, ready to strike when more listings return in August.
Speaking with selling agents, the downsizers remain a bit more cautious — many are still in wait-and-see mode — but we expect that to shift with each and every interest rate reduction. For now, investors and entry-level buyers are leading the charge. The sheer lack of choice, especially quality or suitable stock, is likely a big reason why downsizers are holding off; if they’re unsure where they’ll go next, they’re unlikely to push the button on selling.
Final Thoughts
In this kind of market, going it alone can be stressful — or costly. Whether you’re navigating low stock, trying to beat the rush, or simply want expert eyes on your next move, working with an experienced buyers agent in Perth can make all the difference.
We’re here to give you the edge, with suburb-level insights, access to off-market opportunities, decisive action, strategies to avoid overpaying, and straightforward advice that always puts your goals first.
Ready When You Are
If you’re planning to buy this year — or just starting to think about it — now’s the time to get your plan in place. The second half of 2025 is shaping up to be a busy one.
Let’s sit down for a no-pressure chat. We’ll map out your strategy, talk through the market, and help you make smart, confident decisions in this fast-moving landscape.
📩 Get in touch → https://www.buyersadvocateperth.com.au/contact-us/
— View all Perth Property Market Updates
— Review the previous Perth Property Market Update here → Perth Property Market Update Q1 2025
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Disclaimer
The information shared in this property market update is provided for general informational purposes only and should not be regarded as financial or investment advice. Property markets can fluctuate, and all investments carry risks that may not suit everyone’s personal circumstances or risk profile.
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