REIWA forecasts 10 per cent annual rise in Perth house sale price for 2025

"REIWA President Suzanne Brown said the median house sale price was trending towards 10 per cent growth over the year, while unit prices were on track to achieve 15 per cent growth."

22 October 2025

Strong buyer demand supported by interest rate cuts, population growth, and the expansion of the Home Guarantee Scheme, are expected to see Greater Perth house sale prices continue to increase to the end of 2025. 

As the end of the year approaches, sales data has confirmed we are on track with REIWA predictions made at the beginning of the year. 

REIWA President Suzanne Brown said the median house sale price was trending towards 10 per cent growth over the year, while unit prices were on track to achieve 15 per cent growth. 

“House and unit price growth in Greater Perth over 2025 has largely followed REIWA forecasts made at the beginning of the year. We have seen sale price growth in each quarter, and over the year unit sale price growth has outpaced growth in houses,” she said.

“Previously, the median sale price in the unit market, which includes villas, townhouses, home units and apartments, was growing at a slower rate than the median house sale price. We have seen that reverse over the last year or so, with unit price growth now outstripping house price growth. 

“We believe strong sale price growth in units and townhouses is occurring as buyers seek more affordable housing options in well located areas. 

“Even with unit prices now increasing at a faster pace than houses, there are many suburbs offering units for sale within price points attractive to both first home buyers and investors. 

“This is important for first home buyers, where eligibility for some of the first home buyer government incentives and supports depend on staying below certain price thresholds. 

“If you want to live close to the city, at a price point at or below the Perth median, there are units, townhouses and apartments available well below first home buyer thresholds in   established inner suburbs, for example Maylands and Victoria Park. 

“We know people like villas and townhouses; people often prefer to have their own courtyard and a garage next to their home. Home units are also attractive to home owners as they tend to be affordable and in lower-density developments.” 

Ms Brown said the increasing sale price trend was predicted to continue to the end of 2025 and into 2026. 

“Whilst there has been a recent small uptick in new home completions, until there is a substantial increase in the number of new homes built and completed, we expect buyer demand to remain strong and supply to remain constrained,” she said. 

“At REIWA we continue to support government policies which bring new homes to market sooner and support the construction industry. We also support government initiatives that focus on medium density housing and urban infill developments.” 

Perth’s median house sale price is up 8 per cent since the beginning of the year, reaching a record high $810,000 at the end of the September quarter. REIWA expects at least another 2 per cent growth to the end of the year. 

The median sale price for units, townhouses and apartments is also at a record high, up 13 per cent for the calendar year, to $565,000 at the end of September, with forecasts indicating unit sales growth of around 15 per cent by December 2025. 

“It seems odd to say when we are seeing new record highs, but 10 per cent growth actually represents a slower rate of growth in sale prices compared to last year. In the year to December 2024, the median house price in Greater Perth increased by 25 per cent,” Ms Brown said. 

“The market saw prices surge in 2024. The rate of growth has moderated in 2025 as factors such as affordability, a higher entry price level and some caution enter the market,” she said. 

“The outlook remains for further price growth as the fundamentals of high buyer demand and low stock remain.” 

Perth rental market 

Perth’s median weekly rents are predicted to end December about 5 per cent higher than the same time last year. 

Median rents for both houses and units have increased during 2025, but at a slower rate than last year.  

REIWA forecasts indicate Perth’s median weekly rent will end the year at around $700 per week for a house and around $675 for a unit.

“This is a five per cent increase from December last year, but the rate of increase is slower than the previous year. In the 12 months to December 2024, rents rose by just over 8 per cent (8.1 per cent),” Ms Brown said. 

“The overall annual trend is still upwards, and again, until we see significant new housing stock we see little rent relief for tenants. Whilst there is more rental stock available in the outer suburbs, the rental market close to Perth remains very tight.” 

Source: REIWA