Perth Market Update — October 2025
Summary: Perth led Australia’s property growth in October 2025, recording the strongest monthly gain among capital cities. Ongoing population growth and a rental shortage continue to fuel upward momentum.
- Location: Perth, WA
- Period: October 2025
- Audience: Investors & Homebuyers
Key Stats (at a glance)
| Metric | Value | Period | Source |
|---|---|---|---|
| Home values (m/m) | +0.8% | Oct 2025 | CoreLogic HVI |
| Median dwelling value | $710,000 | Oct 2025 | CoreLogic |
| Vacancy rate | 0.7% | Sep 2025 | SQM Research |
| Gross rental yield | 5.2% | Oct 2025 | CoreLogic |
Market overview
Perth continues to benefit from interstate migration, mining-linked employment, and tight supply. Suburbs such as Baldivis, Canning Vale, and Joondalup report double-digit annual price growth.
For buyers
- Homes under $700k remain in high demand; act quickly on quality listings.
- Consider outer-ring suburbs with better value and ongoing infrastructure projects.
For investors
- High yields and low vacancy make Perth one of the most attractive markets in Australia.
- Watch for construction delays that may cap new supply well into 2026.
Sources
- CoreLogic Hedonic Home Value Index – October 2025
- SQM Research – Vacancy Rate September 2025
- WA Treasury Economic Data 2025