Inner Perth Leads the Pack in the June 2025 Quarter

In the June quarter of 2025, every region of Perth saw house prices inch higher — but it was inner Perth that stole the spotlight. According to REIWA (via REIA data), the median house prices in the Perth Inner zone rose 4.7 % over the quarter — significantly outpacing both the Mid-Perth (1.1 %) and Outer Perth (1.3 %) segments.

This pattern reinforces a growing narrative: proximity to the CBD, lifestyle amenities, and reduced commuting times continue to be powerful drivers in the property market.

A few observations:

• Though inner Perth led quarterly house price growth, units, townhouses and other dwelling types in the outer and middle rings saw stronger quarterly gains.
• Over the year, outer and mid zones experienced higher growth in those “other dwelling” categories than inner areas.
• Rent growth was modest, but vacancy rates are rising slightly, which may hint at softening rental tightness.

Why Is Inner Perth Outpacing the Rest?

• Desire for convenience: Many buyers and renters are willing to pay a premium to be closer to the CBD, to cut travel time, and access urban amenities.
• Strong WA economy: Because the job market remains sound, demand is not being dampened significantly.
• Investor interest from the east coast: There has been increasing attention from eastern states’ property investors since 2023.
• Anticipated influx of first-home buyers: With upcoming expansions in the First Home Guarantee Scheme, new buyers could step into the market later in the year.

Still, patterns vary significantly at the suburb level, meaning it’s crucial for buyers and sellers to consider local market dynamics (not just macro averages).

What This Means for Buyers, Sellers & Investors
For Buyers / Homeowners

• Inner suburbs remain high-competition zones. If you’re targeting inner Perth, expect stronger bidding pressure and upward negotiation room.
• Consider “other dwellings” in middle/outer suburbs. With solid quarterly growth in those zones for multi-unit dwellings, there may be more room for value in townhouses or units outside the inner ring.
• Do your homework suburb by suburb. The aggregated figures mask wide variation; look at comparable recent sales, amenities, vacancy, and capital growth trends.

For Sellers / Investors

• Timing may favour inner-sited homes. If you own in or near inner Perth, the current momentum could lead to more favourable sale conditions.
• Units and townhouses in mid / outer areas are also drawing interest. While not leading for detached houses, these property types are becoming more active in those zones.
• Rental yields are still stable. Though rent growth isn’t rocketing, demand remains strong, and rising vacancy is still moderate.

The Outlook

Inner Perth’s outperformance in the June 2025 quarter is consistent with longer-term themes: proximity, amenity access, and lifestyle convenience matter. That said, the outer and middle rings are showing strength—especially in non-house dwellings—which suggests opportunities may exist beyond just the inner suburbs.

If you’re considering buying, selling, or investing, now may be an important time to talk with local agents familiar with your target suburb. Market conditions are dynamic, and suburb-level nuance will be more critical than ever.

If you'd like to talk about how this will affect your property plans, don't hesitate to contact the team at Bellcourt on 08 6141 7848.