As 2025 approaches, Perth’s property market continues to capture attention with its resilience and potential for growth. But what does the year ahead hold for buyers, sellers, and investors in WA’s vibrant capital?
Here’s our take on the key trends and predictions shaping the Perth property market in 2025:
1. Steady Growth in Property Prices
Perth’s property prices have experienced steady growth in recent years, thanks to strong demand and relative affordability compared to other major cities like Sydney and Melbourne.
Prediction: Prices will likely continue to rise in 2025, though at a more moderate pace, as interest rates stabilise and economic conditions improve.
Opportunities: Suburbs offering lifestyle appeal and proximity to infrastructure developments, such as Alkimos and Byford, could attract growing interest.
2. Increased Demand for Family Homes
The shift toward suburban living and work-from-home flexibility has driven a surge in demand for family-friendly homes with larger spaces.
Prediction: Family homes in established suburbs, particularly near schools, parks, and public transport, will remain highly sought after.
Hot Spots: Suburbs like Baldivis, Canning Vale, and Joondalup are expected to stay popular with families.
3. Tight Rental Market
Perth’s rental market has faced significant pressure, with vacancy rates remaining at record lows throughout 2024.
Prediction: The rental market will stay competitive in 2025, with rents likely to rise further. This is good news for investors but could challenge tenants searching for affordable options.
Investor Tip: Look for areas with strong rental demand, such as inner-city apartments or properties near universities and major employment hubs.
4. Impact of New Foreign Resident Capital Gains Withholding Rules
From 1 January 2025, the removal of the $750,000 Foreign Resident Capital Gain Withholding threshold and an increase in the withholding rate to 15% will come into effect.
Prediction: This change may deter some foreign investors and could lead to fewer foreign-owned property listings, slightly tightening the supply of homes on the market.
Local Advantage: Local buyers might benefit from less competition in certain segments.
5. Infrastructure Driving Growth
Major infrastructure projects across Perth, including METRONET expansions and freeway upgrades, continue to enhance accessibility and connectivity.
Prediction: Areas benefiting from these developments will likely experience increased buyer demand and price growth.
Watch These Suburbs: Suburbs like Forrestfield, Ellenbrook, and Yanchep are expected to see significant interest due to improved transport links.
6. Sustainability and Smart Homes on the Rise
Environmental consciousness and smart home technology are becoming key factors in property decisions. Buyers are increasingly looking for energy-efficient homes with solar panels, battery storage, and sustainable designs.
Prediction: Homes that prioritise sustainability and offer lower energy costs will be highly desirable in 2025.
Looking Ahead
Perth’s property market in 2025 promises to offer opportunities for growth and investment, fueled by infrastructure improvements and ongoing demand. However, challenges like rising interest rates and tighter rental markets may require careful planning for both buyers and investors.
Whether you’re planning to buy, sell, or invest, staying informed about market trends will help you make the most of Perth’s dynamic property landscape. At Adaptive Settlements, we’re here to guide you through every step of your property journey.
Contact us today to learn how we can assist you with your property settlement needs in 2025 and beyond.
Comments