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.