Perth’s sales market continued its upward run in November, with both house and unit prices rising over the month.
The median house sale price lifted 1.2% to $830,000, up from $820,000 in October 2025 and 12% higher than in November 2024. The median unit sale price rose 1.6% to $580,000, 17.2% higher year-on-year and continuing to outpace house price growth.
REIWA President Suzanne Brown (pictured) said sales times and price growth show the market remains very strong, especially at the more affordable end of the market.
“It is clear from both the data and what our REIWA agents tell us that competition remains intense at price points near or below the Perth median,” Brown said.
“Although upmarket Nedlands saw the most price growth this month, five of the 10 fastest price growth suburbs have a median below $890,000. Agents continue to report multiple bids, high buyer interest and very fast selling times in this part of the market.”
Westpac’s latest Housing Pulse singles out Perth as one of the country’s strongest markets, with prices expected to grow faster than most capitals in 2025 and the city on course to rival Melbourne and Adelaide on overall dwelling values by late 2027, even as affordability and policy shifts start to constrain gains.
Several suburbs posted standout house price gains in November.
The suburbs that saw the most house price growth were Nedlands (up 4.7% to $2.68 million), Bedford (up 4.6% to $1.03 million), Coolbellup (up 3% to $0.86 million), Mullaloo (up 3% to $1.33 million) and Mount Pleasant (up 2.6% to $2.09 million).
East Cannington ($0.77 million), Cannington ($0.65 million), Success ($0.86 million), Piara Waters ($0.89 million) and Gooseberry Hill ($1.29 million) also recorded gains of around 2–2.5%.
Houses in Perth sold in a median of nine days in November 2025, one day slower than October 2025 and five days faster than a year ago. Units sold in a median of eight days, the same as October and six days faster than a year earlier.
According to reiwa.com data, the fastest selling suburbs for houses in November 2025 were Tuart Hill (two days), Langford (four days), Carramar (four days), Bassendean (four days), Yokine (five days), Quinns Rocks (five days), Eglinton (five days), Butler (five days), Woodvale (five days) and Parmelia (five days).
“While selling days for both units and houses remain at or close to record lows, the market is transacting at a furious pace for homes in more affordable price brackets,” Brown said.
“Tuart Hill with a median price of $844,500, and just under the threshold of the Australian government 5% Deposit Scheme, saw homes sell in only two days in November.
“Bassendean, Eglinton, Parmelia and Butler all offer homes below the thresholds for first-home buyer supports and selling times are all less than a week. As our members have told us, anything around or below $850,000 is simply flying out the door.”
Active listings for sale settled at 2,918 at the end of November. This was 1.3% higher than October 2025 and 48.6% lower than a year ago.
Active listings for sale on reiwa.com have increased each of the last two months from the low of 2,745 in September. October and November are traditionally strong months for stock coming to market for sale.
“While there has been an uptick in active listings in October and November, the increase is well down on what we saw last year and demand for what comes to market remains high and sells very quickly," Brown said. “The increase in listings is not keeping up with demand.”
The median dwelling rent remained at $700 per week, the same as October and 7.7% higher than a year ago.
The median weekly rent for houses was $700, no change over the previous month and 4.5% higher than November 2024. The median weekly rent for units declined to $660, a 1.5% decrease over the month but 6.5% higher than November 2024.
According to reiwa.com, the suburbs that saw the most growth in their median weekly house rent price in November 2025 were Doubleview (up 5.9% to $900), Thornlie (up 5.3% to $700), Bayswater (up 4.3% to $730), Scarborough (up 3.5 % to $880) and Morley (up 3.1% to $742).
According to reiwa.com, the suburbs that saw the most growth in their median weekly unit rent price in November 2025 were South Perth (up 3.4% to $750), East Perth (up 2% to $750), Mandurah (up 1.9% to $540), Wembley (up 1.8% to $560) and Scarborough (up 1.4% to $725).
“We are continuing to see strong rental demand and price growth in suburbs closer to the city,” Brown said.
“It is important to remember that the median rent and vacancy rate are for Greater Perth. There will be some suburbs where strong demand is putting upward pressure on prices, and others where there are more vacancies and flexibility in price.
“Investment property owners and tenants should speak to local REIWA property managers to get a thorough understanding of the conditions in their particular area.”
There were 2,246 properties available for rent on reiwa.com at the end of November 2025. This was 8.9 % higher than October 2025 and 2.1 % higher than the same time last year.
Homes leased in a median of 15 days during November 2025, one day faster than October 2025 and the same as 12 months ago.
Reiwa.com data showed the suburbs recording the fastest median leasing times were Doubleview (8 days), Maylands (9 days), Wembley (10 days), Cockburn Central (10 days), Subiaco (11 days), Innaloo (11 days), Claremont (11 days), Yanchep (12 days), Clarkson (12 days) and Hammond Park (12 days).
See the REIWA report on LinkedIn or REIWA website.
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