Bellcourt Market Overview

The Perth property market continues to show remarkable resilience, with strong buyer activity, rising prices, and tight stock levels shaping conditions as we move deeper into the final quarter of 2025. According to the latest data from REIWA, both sales and rental markets remain highly competitive, driven by low supply and sustained demand across the metro area.

The buyer activity remains steady despite limited choice. This demand is not being matched by supply: total listings remain significantly lower than last year, with only 1,957 houses, 651 units, and 381 land parcels currently on the market. For context, this time last year Perth had more than 5,600 properties available, highlighting just how tight stock levels remain.

Low inventory continues to support price growth across most segments. The median house price now sits at around $820,000, with three-bedroom homes averaging around $780,000 and larger four-bedroom homes reaching closer to $881,000. While price growth is still strong, it has begun to stabilise compared to last year’s rapid 25% surge. REIWA forecasts a more moderate, but still solid 10% increase in Perth house prices for the full 2025 calendar year.

The rental market remains just as challenging. Rental stock remains extremely tight, with just 1,639 houses and 618 units available for rent across the metro area. Limited supply continues to push rents upward, with the median weekly rent for houses sitting at $700 per week. Three-bedroom homes are achieving around $680 per week, while four-bedroom properties are closer to $750. Although rental growth has eased compared to last year, REIWA still expects around 5% annual growth in 2025.

A combination of population growth, strong migration trends, and ongoing affordability pressures in the eastern states continues to fuel demand in Perth. At the same time, construction delays, labour shortages, and higher building costs have slowed the delivery of new housing, adding pressure to both the sales and rental markets.

Whether you’re buying, selling, or investing, it’s a great time to review your options and make a move that suits your goals.