WA Property Market: Opportunity or Overheating?

Western Australia's property market continues to gain momentum, with Perth’s median house price now at $855,000, rising nearly 8% year-on-year. Regional centres are also experiencing strong buyer demand and limited listings - conditions that are shaping opportunities across the state.

What’s Driving the Market:

Low supply levels: Property listings are currently ~40% below average, creating tight conditions and supporting prices.

Population growth: Migration into WA is outpacing new housing delivery, increasing demand across both metro and regional markets.

Rental returns: WA remains one of the strongest markets nationally for investors, with solid yields in key areas.

Challenges to Watch:

Affordability pressure: First-home buyers are being squeezed out of many areas as prices and competition rise.

Construction sector strain: Labour shortages and material costs continue to affect many builds across WA, particularly in the private residential market.

Patchy buyer demand: Some segments are cooling, especially in higher-priced categories.

At WAI Group, we continue to monitor WA’s housing pipeline and keep our clients up to date with market movements.

Sources:

News.com.au – Perth Price Growth

Property Update – WA Rental Market

Which Real Estate Agent – WA Market Conditions