Perth leads Australia’s housing market in 2025 with a 75.9% surge in property values since 2020. Improved affordability and strong demand continue to drive buyer interest across Western Australia’s capital.

Perth property growth 2025 has taken the spotlight, with Western Australia’s capital outperforming all other Australian cities in housing value increases since the onset of COVID-19. As of early 2025, Perth’s dwelling values have soared by 75.9% compared to March 2020,

According to the latest CoreLogic data, Perth’s median dwelling value has surged by approximately $348,519 over the past five years. This steep growth follows a period of relative affordability and underperformance in the years leading up to the pandemic.

Despite the impressive gain, Perth remains one of the more affordable capital cities, with its median dwelling value still sitting below those in Sydney, Brisbane, and Canberra.

Why Is Perth Leading the Property Growth in 2025?

Several key factors have contributed to the Perth property growth 2025 trend:

• Affordability Advantage: Coming into the pandemic, Perth had one of the lowest median dwelling values, making it a more attractive entry point for first-home buyers and investors.
• High Migration Rates: Both interstate and international migration have increased, boosting housing demand across WA.
• Tight Rental Market: Perth has also recorded the highest rent increase among all capital cities, with rental prices rising by 63.9% since 2020, adding about $274 per week to the median rent.
• Undersupplied Market: Limited new housing stock has put upward pressure on prices and rents alike.

Rental Market Trends Supporting Growth

In addition to strong property value growth, Perth’s rental market is booming. This is largely due to:

• A shortage of rental supply amid rising population.
• Continued demand from workers and migrants, especially in the mining and resource sectors.
• A shift in household size preferences, with more people seeking space during and after the pandemic.

This tight rental market has made Perth particularly attractive to investors seeking higher rental yields.

Outlook for Perth’s Housing Market in 2025

While the pace of growth may moderate, experts expect continued strength in the Perth housing market. CoreLogic analysts note that lower interest rates and strong migration will likely support further modest value increases throughout the year.

However, affordability challenges and lending restrictions, such as debt-to-income (DTI) caps, may act as a natural brake on runaway price growth, offering a more balanced market for both buyers and sellers.

Related Reading: Five years on from COVID-19: How the housing market has changed
Also Read: Australia Property Market 2025: Capital Cities vs Regional Areas, Interest Rate Impact, and Affordability Trends

Navigating the dynamic Perth property growth 2025 landscape requires more than just market knowledge. It calls for experience, strategic insight, and a local touch. That’s where PWC Realty comes in.

Whether you’re buying your first home, selling in a competitive market, or looking to invest in high-growth suburbs, our team is here to help. Jo Lindo brings the expertise and personalised service you need to make confident property decisions.

📞 Call Jo Lindo today: 0429 092 110
🌐 Visit us online: pwcrealty.com.au

The Perth property growth 2025 trend reflects a powerful combination of affordability, migration, and limited supply. As Perth continues to lead the nation’s housing market, it remains a standout city for both homebuyers and investors.

With trusted partners like PWC Realty by your side, you’re better positioned to make smart, informed decisions that align with your long-term goals.