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Real Estate in Perth Australia
As the owner of Mount Lawley Pest Control, I get a unique look into the homes of our community, and it gives me a front-row seat to one of the biggest stories in our city: the real estate market. For a while now, Perth has been the standout performer in Australia, and all the signs suggest that will continue.
The numbers are pretty incredible. As of September 2025, the median dwelling price in Perth sits at around $841,928. That’s a significant jump, with property values rising by over 80% in the last five years alone. While the pace of growth has started to slow down from the frenzied levels of the past year, it’s still consistently rising. In July 2025, for example, house prices rose by another 0.9%, showing the underlying strength of the market.
There are a few key reasons why Perth is outperforming the rest of the country:
Population Growth: Western Australia is experiencing the fastest population growth in the nation, and most of those people are settling in Perth. This creates a massive demand for housing that the current supply simply can’t meet.
Housing Shortage: The lack of available homes for sale is a major driver of price growth. Listings are still well below the five-year average, which means buyers are competing for a very limited number of properties.
Affordability (Relative): Compared to the eastern states, Perth is still considered relatively affordable. This continues to attract interstate and overseas buyers and investors looking for better value and higher returns.
Interest Rate Cuts: The recent interest rate cut by the Reserve Bank of Australia is also expected to boost market activity and improve borrowing capacity for buyers, adding more fuel to the market.
Looking ahead, most experts are predicting continued growth for Perth, with forecasts of an additional 5% to 8% for houses and even more for units over the next year. It’s a seller’s market, with homes selling in a median of just 15 days in the three months to July.
In my business, I see firsthand the challenges and opportunities this market creates. Whether you’re a first-home buyer trying to get a foot in the door or a homeowner seeing your property value rise, the Perth real estate market is an incredibly dynamic space to be a part of.
If you are looking for a new home or living in a home you own, and you want to live the bug-free live that you deserve, call Glenn on 0410 581 108. We also have a website with a whole lot of podcasts related to insect and rodent pests, located at mountlawleypestcontrol.com.au
PS….we also do Pre-Purchase Building and Pest Inspections, through our sister company, Mount Lawley Building Inspections.
