Perth’s property market is set for an active spring, with prices rising more moderately as supply improves and population growth eases. Demand still outpaces supply in many areas, especially inner-city and coastal suburbs.
Apartments remain a standout segment, with demand strengthening for both new developments and well-located existing stock. Investors are also active, though increasingly price-sensitive, weighing acquisition costs against rental yields. In the rental market, demand remains consistent, but some lessors are beginning to temper expectations to meet tenant affordability.
Affordability will be the key driver this season, shaped by interest rates, lending criteria, and the rising cost of living. While more properties are expected to come to market, signs of recalibration are emerging as affordability pressures mount, migration slows, and significant rate cuts appear unlikely.
Navigating the Season
For sellers, the focus should be on thoroughly testing buyer demand and engaging agents capable of running strategic, multi-channel campaigns to capture maximum interest.
Buyers, meanwhile, must navigate a competitive environment with strong, confident offers - and in some cases, the support of a buyer’s advocate to secure opportunities.
What this means for spring is a market that remains competitive, but one that is beginning to show signs of balance. Perth is still outperforming many other Australian capitals, underpinned by resilient demand, relative affordability, and a diversified economy. Yet success in this environment - whether buying, selling, or leasing, will depend more than ever on strategy, preparation and honest advice.
In summary, Perth’s property market this spring is entering a new phase: steady price growth rather than surging, resilient demand tempered by affordability, and a supply base that is slowly but gradually improving. These factors reinforce Perth’s position as one of the nation’s standout performers, but they also highlight the importance of navigating the market with insight, confidence and clarity of purpose.
Original Source: The West Australian