Perth Property Market Trends in 2025 - what can we expect?
Happy New Year! With the new year ahead, many wonder what's in store for the property market in 2025.
Since 2019, Perth’s property market has seen phenomenal growth, with median house prices rising from $484,788 to a record-breaking $882,075.
As we move into 2025, we've done the research on what the experts predict will likely happen in the property market / loan market:
Australian property price growth in some capital cities will remain strong in 2025, although its growth percentage will likely be lower than 2024;
Interests rates are tipped to drop mid-way through 2025, although Commonwealth Bank is most optimistic, expecting it to drop in February 2025; and
Perth and Adelaide are predicted to lead the property market as the strongest-performing capital cities in 2025.
So, will 2025 be a good time to enter the property market?
Experts seem to suggest the answer is YES. Here’s why:
Long-Term Gains: Investing in property is a medium to long-term strategy. With consistent population growth and limited housing supply, property values are likely to remain strong. Projected growth varies in different parts of Australia so it’s important to do your research (or seek help from a property investment expert).
Supply Chain Challenges: Inflation and supply chain disruptions continue to push up the costs of building new homes, further limiting supply of housing relative to the increase in population.
Upcoming Opportunities: Forecasts suggest that slower price growth in 2025 may create a brief window for buyers to enter the market before anticipated interest rate cuts drive demand higher.
Thinking of making your move in 2025? Contact us today to discuss your options and take the next step toward securing your next investment property or owner-occupied home.
