Perth Property Boom: Which Suburbs Saw the Biggest Price Jumps in 2025?
Perth's property market continued its impressive run in 2025, with significant growth across both houses and units. New data reveals a strong upward trend, with median house prices expected to climb by an average of 10% between January and December. Unit prices, however, experienced even more dramatic growth, spiking by a remarkable 15% over the same period. But where were the biggest winners? Which Perth suburbs saw the most significant property price increases?
Understanding the Perth Market Surge
Several factors contributed to this robust performance. Strong interstate migration, particularly from the eastern states, fuelled demand. Limited housing supply, coupled with low interest rates (although rates began to creep up slightly towards the end of the year), created a competitive buying environment. Furthermore, Perth's appeal as a desirable lifestyle destination, with its stunning beaches, vibrant cultural scene, and thriving job market, drew in a wave of new residents eager to put down roots.
The Suburb Hotspots: Where Prices Soared
While the entire Perth metropolitan area benefited from the market upturn, certain suburbs outperformed others. Here's a look at some of the key areas experiencing the most substantial price growth:
- Subiaco: Consistently popular for its proximity to the city and excellent schools, Subiaco saw house prices jump by a staggering 18%. Renovated character homes and modern apartments were particularly sought after.
- Mount Lawley: Known for its leafy streets, trendy cafes, and vibrant nightlife, Mount Lawley experienced a 16% increase in house prices. Demand for period homes with modern extensions was exceptionally high.
- City Beach: With its pristine beaches and relaxed coastal lifestyle, City Beach continued to be a premium location. House prices rose by 15%, driven by buyers seeking a tranquil retreat close to the ocean.
- Applecross: This riverside suburb maintained its reputation as a sought-after address. House prices increased by 14%, reflecting the desirability of its location and high-quality housing stock.
- Wembley Downs: Benefiting from its proximity to the beach and excellent schools, Wembley Downs saw a 12% increase in house prices. Families were particularly drawn to the area’s quiet streets and spacious properties.
Unit Market Performance: A Rapid Rise
The unit market also witnessed exceptional growth, with prices increasing even more sharply than houses in some areas. Apartments in inner-city suburbs like Northbridge and East Perth experienced particularly strong demand, driven by young professionals and investors. Modern, well-appointed units with access to amenities like gyms and pools were highly sought after.
Looking Ahead: What's Next for Perth Property?
While the pace of growth may moderate slightly in 2026 as interest rates continue to stabilise, the Perth property market is expected to remain resilient. Strong population growth, limited supply, and ongoing demand from interstate buyers will continue to underpin prices. Savvy investors and homebuyers should focus on areas with good infrastructure, strong schools, and proximity to employment hubs.
Disclaimer: This information is for general guidance only and does not constitute financial advice. Consult with a qualified financial advisor before making any investment decisions.