Western Australia

Perth Research Report.

Extensive research, analysis and intelligence on the Perth market, 35 key indicators across seven categories, rated buy, hold or sell.

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Inside the report

35 indicators, seven categories.

Short-term market indicators

Auction clearance, days on market and listing volumes, where the cycle sits right now.

Supply and demand

Population growth, dwelling approvals and construction pipeline against underlying demand.

Affordability

Price-to-income ratios and mortgage serviceability, how much headroom remains.

Confidence

Consumer and business sentiment signals that lead buying behaviour.

Money supply

Credit availability, lending conditions and rate settings shaping buying power.

Investment value

Yields, growth prospects and relative value against other capital-city markets.

Risk

Downside exposure, oversupply, concentration and economic dependency risks.

All 35 indicators, in the full report.

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About the market

The Perth property market.

Perth is currently the nation's leader in growth potential, fueled by a resurgence in demand and a significant shortage of available stock. While eastern state markets struggle with affordability, Perth offers a unique window of opportunity for capital growth. Our expert advisory team provides a deep dive into the current Perth property landscape and explains why now is the time to secure your position in the market. Watch the video below.

Perth's commercial property market is distinguished between location sectors. The CBD offers a variety of office spaces, home to large multinational corporations and the remainder of the city sees spreads of retail and industrial assets such as supermarkets and manufacturing companies.

The data

Key indicators.

Affordability

The Perth property market remains significantly affordable in comparison to the eastern markets. The affordability index indicates, that there is still plenty of growth left in the market.

Population Growth

Western Australia has been the fastest growing state in the country for both overseas and interstate migration. Over the last 12 months, the Western Australia population increased by 3.3%, the highest increase in the country, totalling to a population on 2.9 million.

Supply & Demand

The dynamic between supply and demand is arguably one of the strongest factor driving prices in the market. With strong population growth and increasing demand, the current modelling in Perth cannot accomodate the increase. Stock levels are at record low levels trading on average below 4,000 properties per month, in 2024. Government forecast predict that WA will require 92,000 homes built by 2027. The current trajectory of building approvals suggest that the state will produce 67,000 properties in the period. Resulting in a shortfall on 25,000 properties. The lack of supply and high demand has also resulted in a record low vacancy rate of 0.4% with properties staying on market for an average of 7 days.

Looking Ahead

Historically speaking, when demand exceeds supply and there is a level of affordability within the market, prices tend to rise. The potential of interest rate cuts may provide more confidence in the market. It’s important to be careful when navigating the current market conditions.

Methodology

Every market rated: buy, hold or sell.

Our research starts at a macro level and works down. Each of the 35 indicators is scored, weighted and rolled into a single recommendation per market, updated monthly, and benchmarked independently. The same discipline applies to all 37 locations we cover.

Buy

Indicators support entering or expanding in this market.

Hold

Maintain positions; monitor the indicators that are shifting.

Sell

Sometimes that means we recommend selling. We say so.

Full report

Request the full Perth report.

Complete the form and we’ll open access to our research portal, where the full report is viewed. No obligation.

All 35 indicators

Values, sources and category scores, nothing withheld.

Buy-hold-sell rating

A clear recommendation, not a data dump.

Updated monthly

Portal access includes each monthly refresh.

Advisor walkthrough

Optional 20-minute call to interpret the findings for your situation.

Research report request

Your local advisor

Speak with David McMillan.

David is a qualified property investment advisor with two decades of experience in the property market. He provides clients with critical insights on the Perth and Australian property markets to help them grow successful property portfolios.

About David