Across Perth, many homeowners are only just beginning to realise the true potential of their property. Often, the first question is about value, what’s my home worth? But the real question sits just beneath the surface: What can I actually do with what I’ve built? Right now, the answer is: quite a lot.
With CoreLogic reporting a 24% rise in Perth home values in 2024 alone, and some suburbs surging well beyond that, the equity picture for many has shifted dramatically. For those who purchased before or during the early COVID period, it’s been a quiet but powerful build-up of wealth, equity that isn’t just a number on paper, but a tool that can unlock freedom, opportunity, and choice.
Equity in Action
More homeowners are starting to put that equity to work. Some are upgrading sooner than planned. Others are choosing to renovate instead of competing in a hot market. Parents are using it to help their adult children into homeownership, a gesture that’s becoming even more meaningful as affordability challenges grow. Roberta Ceresa, Realmark Urban Licensed Real Estate Agent is having this conversation with more home owners when she discussions their property aspirations.
“We’re seeing parents unlock equity to help their adult children take their first steps into homeownership ; a gift that feels more important than ever as affordability continues to bite. And there are couples choosing to use their equity to semi-retire earlier, ease financial commitments, or simply enjoy a little more comfort. These aren’t millionaires or seasoned investors; they’re everyday homeowners who bought at the right time and are now discovering what their equity can truly do for them.” she said.
Looking Beyond the Sale
At Realmark, market assessments go beyond the numbers.
They’re about identifying the next step, making a smart move based on the market conditions and your unique circumstances. Whether you're considering selling or simply exploring your options, a market assessment can help you understand your property's position, uncover potential equity, and open doors to both property and personal aspirations.
For anyone who has owned their home for several years, now could be the time to revisit its value to that you can make a considered choice. What sits beneath those bricks and mortar may well be the key to the next opportunity.
Whether you’re ready to sell, interested in your investment performance, or just curious about what your home is really worth in today’s market, a Realmark property appraisal gives you the confidence to make your best move.
Sources
Cotality Home Value Index - Released 1 October 2024
Please note that this article in not intended to be financial planning advice, please seek professional advice specific to your circumstances.