As we settle into winter, Perth’s property market continues to turn up the heat. July 2025 arrives with more than just chilly mornings, it brings a wave of optimism for both buyers and investors, as the market shows minimal signs of slowing down.
According to the latest figures from REIWA, the median house price has climbed to $790,000, representing a confident 18% increase from this time last year. Units have also made impressive gains, now sitting at a median of $545,000, which is up 21% year-on-year. Whether you’re buying your dream home or adding to your investment portfolio, this upward trend paints a picture of solid long-term value.
The rental market remains strong and steady, with weekly rents holding at $680 for houses and $650 for units. That said, unit rentals have quietly crept up by 8.3% over the past 12 months, showing ongoing demand for quality rental accommodation across the city.
In terms of movement, Perth’s pace hasn’t skipped a beat. In the week ending 6 July 2025, we saw 998 properties change hands, including 685 houses, 205 units and 108 blocks of land. That’s a healthy 12.6% boost in sales activity compared to just a month ago, reflecting growing buyer confidence and momentum across the metro area.
When we zoom in on suburb-level activity, East Perth and Scarborough were tied as the top performers with 14 sales each, followed closely by Perth CBD with 13. On the leasing front, Perth led the pack once again with 21 rentals, while Baldivis and East Perth followed with 15 and 10 respectively, showing consistent interest from renters across a variety of lifestyle locations.
Looking ahead, REIWA is forecasting up to 10% price growth for 2025, a strong continuation from 2024’s stellar performance. While broader economic factors like international trade and policy shifts may bring a few twists and turns, Perth’s affordability, livability and low vacancy rates continue to give it a winning edge.
In summary, the Perth property market this July is buzzing with energy, prices are rising, buyer activity is vibrant and rental demand remains high. Whether you’re looking to upsize, downsize, invest or rent, there’s no better time to stay informed and make savvy decisions with the guidance of experienced professionals.
At ART OF REAL ESTATE, we’re here to help you navigate this winter market with clarity and confidence.