As we move into 2025, Perth’s real estate market remains resilient. The year ended on a strong note, with solid demand across the city, particularly in coastal suburbs. Perth’s economic growth, driven by sectors like mining and infrastructure, continues to fuel confidence in the market, keeping these prime coastal areas highly desirable for both buyers and renters. Analysts predict the Australian property market to slow in 2025 but expect Perth to outperform other capital cities with 15-20% sales growth. Stable interest rates, with potential cuts, should further support this growth. Listings are up 37% from last year, but Perth still faces limited supply. Population growth and strong demand in coastal areas should support property values, while renters continue to favour the coastal lifestyle, offering steady returns for investors. Overall, 2025 is shaping up to build on the positive momentum from late 2024, with strong growth potential in Perth’s coastal property market. MARKET TALK SUBURB SNAPSHOT Suburb Sales Growth Median Sales Price SORRENTO 12.9% $1, 600, 000 MARMION 55.3% $2, 170, 000 HILLARYS 10.9% $1, 300, 000 WATERMANS BAY 80% $2, 300, 000 NORTH BEACH 13.2% $1, 620, 000 Suburb Rental Growth Median Rental Price SORRENTO 34.1% $1,100 MARMION 13.3% $850 HILLARYS -8% $690 WATERMANS BAY N/A N/A NORTH BEACH 30.2% $750 Sales Rentals Source: REIWA
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