The latest data from CoreLogic has revealed a significant shift in Perth’s property market. After years of strong growth, price increases are now slowing — with March 2025 seeing only a modest 0.2% rise in median home values, bringing the median to $806,205. This is well below the national average and a sign that Perth’s five-year run as a standout performer in the Australian housing market may be tapering off.
At Perth Building Inspectors, Perth’s trusted building inspectors, we keep a close eye on the property market — not just for valuation trends, but because slowing markets often influence buyer behavior, negotiation dynamics, and due diligence processes. Here’s what you need to know.
Why the Market Is Slowing
According to CoreLogic researcher Tim Lawless, Perth’s price growth is cooling due to a combination of interest rate increases, more properties coming onto the market, and a slowdown in migration. WA is now seeing fewer international migrants, with only 50,000 expected in 2024–25 compared to 57,000 the year prior. Interstate migration is also expected to decline.
For buyers and investors, this shift means the urgency that has defined recent years is easing — but it doesn’t remove the need for caution and thorough property assessment.
Price Adjustments Focused on High-End Homes
Interestingly, the price corrections have been most noticeable at the top end of the market. The most expensive 25% of properties fell by 0.2% in value over March. In contrast, the lower end of the market still showed resilience, with the bottom 25% increasing by 1.4%.
This trend reinforces the importance of pre-purchase inspections — particularly when buying established properties in middle- and upper-tier suburbs. Even in a slower market, competition remains, and identifying issues early can give buyers the leverage they need or help avoid costly surprises.
Perth Property Price Growth – Listings Are Up, Lending Is Down
WA listings have increased 9.1% over the past year, giving buyers more choice. However, there’s also been a sharp drop in investor lending, suggesting confidence is dipping in some areas.
Perth Property Price Growth – With more properties on the market, buyers have room to negotiate — but only if they’re armed with the right information. A professional building inspection is still one of the best tools for identifying hidden issues, helping you make informed decisions in a shifting landscape.
Thinking of buying or selling in this changing market?
Make sure your investment is sound. When buying contact Perth Building Inspectors today for a comprehensive building inspection — trusted across Perth for accuracy, transparency, and peace of mind.
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