Perth Property Market Analysis - September 2025

Perth's property market continues to demonstrate remarkable strength as we move through September 2025. With house prices currently trending towards 10 per cent growth this year according to REIWA, the market is delivering exceptional opportunities for buyers across all segments.

September Market Snapshot

Strong Performance Indicators:

• Major banks forecast 4-6% growth for 2025, with ANZ predicting up to 6.1% growth.

• Properties are selling in just 15 days on average, highlighting strong buyer demand.

• The rental vacancy rate remains extremely tight at 0.7%.

• Weekly median rents are around $755.

  
  

The market fundamentals remain exceptionally strong. Continued population growth and tight housing supply are driving sustained demand across Perth's metropolitan area.

Current Market Dynamics

Price Growth Momentum

Throughout 2024, Perth saw impressive growth. The median prices increased by 24.7% for houses and 24.5% for units. While growth is moderating from these exceptional levels, Perth's median house price is expected to reach between $840,000 to $856,000 by year-end. This represents significant value creation for property owners.

Rental Market Strength

Perth's rental market remains in crisis-level tightness. Vacancy rates have consistently been below 1% since 2020. This creates exceptional conditions for investors:

• House rents are at $690 per week, up 6.2% year-on-year.

• Unit rents are holding at $650 per week, 8.3% above March 2024.

• Vacancies remain below 1.6%, giving landlords the upper hand.

  
  

September Opportunities by Buyer Type

First-Home Buyers - Act Now Before Further Growth

With prices trending strongly upward, first-home buyers should prioritize these growth areas:

Ellenbrook & Surrounds

This area boasts excellent infrastructure development, family amenities, and transport connectivity.

Baldivis

The southern corridor is experiencing growth with shopping centres and rail links. It's perfect timing to buy before prices increase further.

Butler/Ridgewood

These northern suburbs offer the last affordable entry points, with major development planned.

Investors - Capitalize on Record-Low Vacancies

The current rental crisis creates exceptional conditions for investors:

Subiaco

This area has strong professional rental demand due to its proximity to the CBD and universities. It also has a strong capital growth history.

Scarborough

Post-redevelopment, this area is delivering strong yields and capital appreciation.

Cockburn Central

As a transport hub, this location is perfect for tenants and benefits from ongoing infrastructure investment.

Downsizers - Premium Locations Still Accessible

Before further price growth impacts premium areas, consider these locations:

Mount Lawley

This area offers character living with a vibrant café culture, making it increasingly sought-after.

Cottesloe

Beachside prestige is still accessible compared to eastern capitals, making it a desirable choice.

Subiaco

With urban convenience and established amenities, this area has strong growth prospects.

Why September 2025 is Prime Timing

Market Momentum Factors

• Perth has the lowest number of properties on the market ever recorded.

• The economy is strong with employment growth, moving beyond just mining.

• Migration is high, driving sustained demand.

• The interest rate environment is stabilizing, creating buying opportunities.

  
  

Supply Constraints

Supply remained relatively low throughout 2024, putting upward pressure on home values. This trend continues into September, supporting price growth across all market segments.

Market Forecast: What's Ahead

Rest of 2025 Outlook

Expert predictions suggest continued strength:

• House price increases are expected to moderate from 10.2% in December 2024 to 5.2% by December 2025.

• The median house price range is projected to reach $840,000 by year-end.

• The rental market is expected to remain tight with continued yield growth.

  
  

Economic Drivers

Perth's economic diversification beyond mining continues to strengthen the property market foundation. Sectors such as technology, renewable energy, and services are providing employment stability.

September Action Plan

For Immediate Buyers

1. Act Quickly

The average selling time is just 15 days, requiring swift decision-making.

1. Accurate Pricing

Strong demand means competitive offers are essential.

1. Professional Guidance

With the market moving fast, expert advice is crucial.

Investment Strategy

With vacancy rates below 1% driving continued rent growth, the timing for investment is exceptional. Focus on areas with infrastructure development and transport connectivity.

Why Choose NQuest Invest This September

As Perth's market accelerates, timing becomes critical. NQuest Invest's local expertise ensures you capture current opportunities before further price growth impacts affordability.

September Market Advantages:

• Access to off-market opportunities.

• Established relationships with key Perth agents.

• Understanding of suburb-specific growth drivers.

• Experience navigating fast-moving market conditions.

  
  

Ready to secure your Perth property before year-end growth? Contact NQuest Invest today. With market conditions this strong, waiting means missing exceptional opportunities.

Market data current as of September 2025. Property investment involves risks. Seek professional advice tailored to your circumstances.

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