Key takeaways
Perth housing values continue moderate growth, up 0.4% in April 2025
Units outperform houses significantly, driven by affordability pressures
Housing affordability remains challenging despite supportive policy measures.
Perth’s housing market continues its steady growth trajectory, highlighting moderate gains and evolving market dynamics amidst broader economic uncertainty.
Perth housing values recorded increased momentum in April:
- April 2025: +0.4%, the highest monthly gain in six months
- March 2025: +0.3%
- Annual Growth: 10%, the slowest pace since August 2023
Perth housing market trends
| Timeframe | Property Price Change |
|---|---|
| Monthly (April) | +0.4% |
| Monthly (March) | +0.3% |
| Annual Change | +10.0% |
Source: Cotality Australia
Unit values in Perth are outpacing house values significantly:
| Property Type | Annual Growth Rate |
|---|---|
| Units | +14.5% |
| Houses | +9.4% |
Source: Cotality Australia
Note: This growth differential reflects increasing affordability pressures and a limited supply of medium to high-density housing.
Housing affordability in Perth remains a significant challenge:
- Median dwelling price-to-income ratio: At historic highs
- Years required to save a 20% deposit: Approximately 10.6 years
- Percentage of median income required for rent: Record-high 33%
Perth house prices - the longer-term data
Perth’s market is poised for continued moderate growth:
- Gradual rate cuts and supportive government initiatives are expected to sustain demand.
- Affordability issues and cautious lending practices will temper price increases.
- Persistent undersupply remains a crucial driver, maintaining upward price pressures.
Overall, Perth’s housing market offers cautious optimism, with opportunities particularly evident in units and more affordable segments.
Investors and homebuyers should remain attentive to evolving economic and policy conditions.
- Also read:Everything you need to know about the state of Australia’s property markets in 20 charts – May 2025
- Also read:Latest property price forecasts for 2025 revealed. What’s ahead in our housing markets in the next year or two?
- Also read:Perth housing market update [video] | May 2025
- Also read:Where should I buy my next investment property in Australia?
- Also read:Brisbane Property Market Forecast [2025] – What’s Ahead & Where to Invest
