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Australian property market approaches $12 trillion as national price momentum builds - Cotality
Australia’s property market has reached a new milestone, with the total value of residential real estate climbing to $11.8 trillion for the first time, increasing by $678 billion over the past 12 months, according to Cotality’s October Monthly Housing Chart Pack. The milestone comes as momentum in national housing values continues to build, with dwelling values up 2.2% over the three months to September. This is the largest quarterly increase since the three months to May 2024 (2.2%). T...
Sale times hit record pace as Spring listings remain low - REIWA
According to the latest REIWA data, houses in Perth sold in a median of eight days in September 2025, two days faster than August and three days faster than a year ago. Perth units are also selling fast, reaching a low of nine days in September 2025, the same as August 2025 but two days faster than a year ago. REIWA President Suzanne Brown said lower than usual September active listings*, continuing strong demand, and sellers reluctant to list until they secure a new home, are all contrib...
WA building approvals have slowed. Are NIMBY councils to blame? - WAtoday
Development approvals for housing across the state are on the decline, new figures show, as separate polling reveals 91 per cent of West Australians believe local councils are inefficient at approving new builds. Polling from Amplify, in partnership with YouGov, also showed 22 per cent of respondents wanted to give the state government the power to override local councils and determine planning approval decisions in a bid to fix the housing crisis. Development approvals are d T...
Property values gain pace heading into spring, driven by record-low listings - Cotality
Australian housing markets are gathering strength as we head further into spring, with September marking the strongest monthly gain for national dwelling values since October 2023. The Cotality Home Value Index (HVI) recorded a 0.8% increase in September, powered by robust growth conditions across the capital cities, where values rose 0.9% over the month. On a quarterly basis, the national HVI increased 2.2%, up from a 1.5% lift in the June quarter and double the 1.1% increase seen over the ...
Perth Inner price growth outperforming outer suburbs during June 2025 quarter - REIWA
Housing price growth and rent increases continued an upward trend in the Perth region in June Quarter 2025, with sale prices and rent increases stronger in Perth’s inner. Whilst all areas experienced an increase in house prices, homes in Perth’s Inner led sale price growth, according to the latest Real Estate Institute of Australia (REIA) Real Estate Market Facts. Over the quarter, the median price for houses increased in the Perth Inner by 4.7 per cent, compared to homes in the Perth Mid...
Sellers make record gains even as rate of profit eases - Cotality
Australian property sellers continued to see strong gains in the June quarter, although the rate of profit-making resales eased slightly from the start of the year. Cotality's Q2 2025 Pain & Gain report analysed approximately 97,000 resales over the period, revealing 94.8% of transactions recorded a nominal gain in the three months to June. While still above the decade average of 91.5%, this marks a slight decline from 95.0% of resales in the March quarter. Cotality’s Head of Resea...
Housing and rental affordability decline in June 2025 quarter - REIWA
Housing affordability declined slightly in WA in the June 2025 quarter. According to the latest Real Estate Institute of Australia (REIA) Housing Affordability Report, the proportion of family income needed to meet loan repayments in WA increased 0.4 percentage points over the June 2025 quarter to 41.2 per cent. REIWA President Suzanne Brown said the decline in affordability was a result of strong price growth. “As prices rise, people have to borrow more to buy a home and a greater propor...
Rates fall, but stretched affordability to keep housing market in check - Cotality
Analysis from Tim Lawless, Cotality Australia's Research Director. Today’s rate decision marks the third cut in what was always expected to be a cautious and gradual easing path. This decision follows a surprise ‘hold’ from the Reserve Bank of Australia (RBA) in July, where the board adopted a ‘wait and see’ approach regarding inflation and job markets. Since the July meeting, core inflation has reduced to 2.7%, the lowest in three and a half years, and labour markets have loosened with ...
Perth property: REIWA figures show house sale listings drop to record low as median prices increase again - Perth Now
The number of Perth properties listed for sale has dropped to an all-time low with stalling supply threatening to push prices further through the roof. Just 2981 houses, units or blocks of land were up for grabs at the end of August, which the Real Estate Institute of WA declared was the lowest number since their records began. That was down a whopping 18.3 per cent compared to the same time last year. It’s also far less than the 4647 real estate agents registered across the State, sparkin...
Retail checks out as Perth's top performing commercial market - REIWA
All Perth commercial markets recorded median sale price increases in the year to June, with retail recording the most growth, according to REIWA’s June Commercial Property Update. The annual median sale price per sqm for the Perth retail market was $5,213 at the end of June, an 18.5 per cent increase over the year. The annual median sale price per sqm was relatively stable when compared with the 12 months to March 2025. REIWA President Suzanne Brown said sales growth was being driven by pri...
More approvals, more problems? Rethinking the housing pipeline - Cotality
From the very announcement of the National Cabinet’s plan to build 1.2 million new homes in five years in August 2023, many in the industry thought it was unachievable. The core of the problem with any government target for new dwellings is that government can’t influence many of the factors that determine demand and supply. While state and local governments focus on approvals and improving the feasibility of new projects, building companies continue to be stretched thin across an already swo...
Winter and the fear of being 'homeless' see new listings fall - REIWA
Winter and the fear of being ‘homeless’ have seen new listings decline in July, according to REIWA. The fall in new listings, combined with consistently strong demand, has led to active listings falling to the lowest level in 12 months. According to www.reiwa.com data, active listings settled at 3,382 at the end of July. REIWA President Suzanne Brown said while it was common for new listings to decline in Winter, concerns about being ‘homeless’ were also deterring potential sellers. “W...
The Perth suburbs where property prices have skyrocketed in 2025 - WAtoday
Median house prices across Perth will likely grow by an average of 10 per cent between January and December, new data has revealed, while unit prices will spike 15 per cent over the same period. The Real Estate Institute WA’s 2025 property market quarterly update revealed that under current market conditions, people would continue to favour units, priced out of buying a home. Institute president Suzanne Brown said the median sale price in the unit market – including villas, townhouses, ho...
Units set to outperform houses for price growth in 2025 - REIWA
Units are set to outperform houses for price growth in 2025, according to REIWA’s property market quarterly update. REIWA President Suzanne Brown said the median house sale price was trending towards 10 per cent growth over the year, while unit prices were on track to achieve 15 per cent growth under current conditions. “The median sale price in the unit market, which includes villas, townhouses, home units and apartments, was growing at a slower rate than the median house sale price for ...
Construction costs up on previous quarter, complicating RBA's path forward - Cotality
Construction costs picked up slightly to grow 0.5% over the June quarter, according to Cotality’s latest Cordell Construction Cost Index (CCCI). The latest data follows a 0.4% rise in the March quarter - the lowest quarterly increase since March 2010 (also 0.4%). Cotality’s Research Director, Tim Lawless, commented: “Growth in residential construction costs has increased a little compared to the previous quarter; however, when compared to the long-term average, the increase is tracking at h...
Perth - Property Powerhouse
Perth propelled into property powerhouse as WA's economic engine roars. The real estate landscape of Western Australia is being reshaped by a perfect storm of unprecedented economic vitality, surging population growth, and insatiable demand for housing according the The Australian Business Review. https://www.theaustralian.com.au/business/stockhead/perth-propelled-into-property-powerhouse-as-was-economic-engine-roars/news-story/65ce7c50a2ee4863551d6d2de875df4a
WA Population Growth - 2023 article
The ABS (Australian Bureau of Statistics) has confirmed that Western Australia is the fastest growing state at a rate of 3.1%. As the population grows, more strain is coming down on the housing crisis which, is not showing any signs of easing anytime soon. Click the link to read a great article which was published in WA Today in December 2023, that speaks about our increasing population. https://www.watoday.com.au/national/western-australia/tens-of-thousands-of-people-moved-to-wa-i...
Real Estate News WA
House prices to grow 10% in 2024 - REIWA forecast Perth house prices are set to grow 10 per cent in 2024, according to REIWA’s 2024 property market quarterly update. Rents are also expected to rise, although the rate of growth may slow. Click for more info Homes for sale plunge to record lows in December 2023 - REIWA Listings for sale across Perth fell to a record low of 3,648 at the end of December, according to reiwa.com data. This was 23.4 per cent lower than Novembe...