Housing price growth and rent increases continued an upward trend in the Perth region in June Quarter 2025, with sale prices and rent increases stronger in Perth's inner.
Whilst all areas experienced an increase in house prices, homes in Perth's Inner led sale price growth, according to the latest Real Estate Institute of Australia (REIA) Real Estate Market Facts.
Over the quarter, the median price for houses increased in the Perth Inner by 4.7 per cent, compared to homes in the Perth Middle (up 1.1 per cent) and Perth Outer (up 1.3 per cent).
REIWA President Suzanne Brown said the strong growth in inner areas wasn't surprising.
"WA's economy remains strong. The job market is steady, and people continue to want to live and work in areas close to the CBD and key lifestyle attractions. Living close to the convenience of the city, and reduce travel times, remain a factor for buyers and renters alike," she said.
"Demand for these homes, to rent or buy, remains strong, putting upward pressure on prices for homes close to the heart of Perth."
REIA's report shows that the median price for houses in Perth increased to $815,000 for the three months to June 2025, an increase of 1.9 per cent for the quarter and 9.2 per cent over the year.
The REIA data shows that whilst still growing, rents and sales price growth had moderated in Perth Middle and Perth Outer areas of Perth during the June 2025 quarter.
"The Perth housing market has seen huge interest from eastern states' property investors since 2023 and our members are now reporting more homes available for rent in outer areas," Ms Brown said.
Ms Brown said she expected this trend to be short lived, with WA's population continuing to grow and new buyers likely to enter the market from October with the expansion of the First Home Guarantee Scheme.
"With the variations we are seeing from suburb to suburb, and region to region, and an expected increase in the number of first home buyers in the market, it is even more important to do your research and talk to an industry expert before buying or selling," she said.
"A REIWA agent is an expert on the community in which they work: they know the area; what's selling; who's renting; and are a vital source of up to date, local information."
Whilst Perth's median property price grew 1.9 per cent in the June 2025 quarter, in-line with national trends and with buyer demand remaining strong, there was variation between regions.
Source: Real Estate Institute of Australia (REIA) Real Estate Market Facts June 2025
Median house prices: Regional centers
In regional cities, the median price for houses increased over the quarter: in Bunbury (up 2.2 per cent) and Albany (up 7.2 per cent), and marginally in Broome (up 0.1 per cent).
Other dwelling sales: Home units, townhouses, flats/apartments, terrace homes
The median price for other dwellings in Perth (which includes sales of units, townhouses, flats and apartments and terrace homes) increased to $570,000 over the quarter, an increase of 1.8 per cent over the quarter and 16.3 per cent over the year.
Over the quarter, the median price for other dwellings increased in Perth Middle (up 3.0 per cent) and Perth Outer (up 5.1 per cent), and remained stable in Perth Inner.
In regional cities, the median price increased in Albany (up 1.6 per cent), but decreased in Bunbury (down 9.0 per cent) and Broome (down 11.7 per cent).
The median price for other dwellings also increased in all Perth areas over the past year: Perth Inner (up 5.3 per cent), Perth Middle (up 17.4 per cent) and Perth Outer (up 21.2 per cent).
Source: Real Estate Institute of Australia (REIA) Real Estate Market Facts June 2025
Rental market
The REIA data for the June quarter shows only a small change in weekly rent for a three bedroom house in the Perth metropolitan area. The median rent for a three bedroom house increased by 1.5 per cent over the quarter, to $660 per week.
Over the quarter, the median rent for three bedroom houses remained stable in all Perth areas: Perth Inner, Perth Middle and Perth Outer. In regional cities, the median rent increased in Bunbury (up 8.3per cent), Broome (up 14.3per cent) and Albany (up 7.3per cent).
The rental vacancy rate in Perth increased to 2.7per cent, an increase of 0.2 percentage points over the quarter and 2.2 percentage points over the previous year.
Source: Real Estate Institute of Australia (REIA) Real Estate Market Facts June 2025
