Perth has continued to stand out as one of Australia’s strongest property markets in 2025. Over the three months to November, Perth recorded the largest increase in dwelling values nationwide at +7.4%, well above the national average of +3.1%, and outpacing all other capitals. Over the past year, Perth values have climbed approximately 13.1%, pushing dwelling values to record highs.
The market is characterised by tight inventory and sustained demand. In Perth, the median days on market has tightened to just 9 days, significantly faster than this time last year (13 days) and well below the national average of 27 days. Buyers are competing for scarce stock, keeping pressure on values and driving swift sales.
New listings remain constrained in Perth, with supply down around -20.9% compared to last year. Similar declines were seen in Brisbane (-9.2%) and Adelaide (-2.2%), while Hobart, Sydney, and Melbourne all recorded higher listing activity over the same period. This contrast highlights how limited stock in key markets like Perth continues to underpin strong price growth.
On the rental front, Australia’s rental market has generally tightened over the past 12 months, with national rental costs increasing around 5%; adding pressure on tenants and reflecting ongoing supply–demand imbalances.
Locally, we’ve had a phenomenal year too. At Peard, we successfully sold 635 properties in 2025, helping hundreds of clients achieve their property goals in an incredibly competitive market; a testament to our team’s expertise, responsiveness, and deep local knowledge.
Tips for buyers & sellers in the new year
For Buyers:
- Be flexible with settlement terms. Allowing the seller some choice in timing can make your offer more appealing without changing the price itself; a strategy often successful in competitive markets.
- Be ready to act quickly. In a tight market, delays can cost you your dream home; being prepared with finance and a responsive offer strategy is key.
- Work with an expert agent. A knowledgeable local agent gives you access to insights, off-market opportunities, and negotiation clout.
For Sellers:
- Offer flexible open home times. Making your property available at varied viewing times can attract more potential buyers; particularly those who can’t attend standard open times.
- Consider flexible settlement or move-in timelines. Aligning with the buyer’s needs can set your listing apart in multiple offer situations.
- Enhance appeal and price it smartly. Accurate pricing and presentation remain essentials in driving interest and securing strong offers.
Looking ahead to 2026, staying informed, adaptable, and strategic will help you make the most of opportunities; whether you’re buying your first home, upsizing, downsizing, or selling for the best result.