Key Takeaways
- Perth’s market is a national leader, with sustained capital growth and record-low vacancy rates making it a highly attractive destination for investors.
- A significant undersupply of both new and existing properties is putting upward pressure on prices, creating a strong seller’s market with quick sales.
- Apartments provide a high-yield, low-maintenance solution that perfectly suits the needs of sophisticated investors and downsizers.
- Key infrastructure developments are enhancing liveability and boosting long-term property values in prime locations across the city.
The property market in Perth is capturing attention for all the right reasons. At a time when many Australian capitals are grappling with softness, rising interest rates, and oversupply, Perth stands out for its robust fundamentals, momentum and opportunity.
From a developer’s perspective, apartments in Perth now present a compelling investment proposition for both high-net-worth investors and downsizers seeking premium living with low maintenance.
The Perth Property Boom: A Unique Market
Unlike many other markets that are showing signs of plateauing, Perth continues to perform strongly. According to REIWA President Suzanne Brown, the median house sale price was trending towards 10% growth over the year, while unit prices were on track to achieve 15% growth.
Listings remain at historically low levels, with weekly properties for sale on REIWA consistently being fewer than 3000. Compared with the same time last year, current listings are nearly down 40%.
This dynamic is being fuelled by a combination of strong demand, migration inflows, and constrained new supply. Rather than a one-off spike, Perth is emerging as one of the few capital-city markets where momentum remains firmly in favour of sellers and investors alike.
The Fundamental Drivers of Growth
At the heart of Perth’s strong performance is the supply-demand imbalance.
Population growth from interstate and overseas migration is lifting housing demand in Western Australia.
Supply of new apartments and units has not kept pace. For example a recent outlook noted unit yields in Perth achieved 6.2% compared to just 4.5% for houses (in Q1 of 2025), signalling investor preference.
Vacancy rates in Perth are tight at 2.1% in September 2025, which is well below the 3% benchmark for a “balanced” market that supports rental growth and reduces downtime for investors.
In essence: fewer listings, strong demand and real rental pressure equals robust conditions for capital appreciation. And in the apartment sector, this means opportunities for investors who are forward-looking.
The Lure for Investors and Downsizers
For investors
- High yield potential in comparison to many eastern-state markets. For example, unit yields in Perth are tracking above many other capitals.
- Strong rental fundamentals mean lower vacancy risk and better cash flow.
For downsizers
- Apartments offer the low-maintenance lifestyle that many downsizers prioritise. Concierge services, sophisticated amenities and central or waterfront locations (versus the ongoing upkeep of a large house) make apartments particularly attractive.
- Proximity to amenity, transport and lifestyle is increasingly valued—and premium apartment developments deliver that.
- From a developer’s viewpoint, quality design, good location and superior amenity are central. For investors and downsizers alike, these attributes amplify resale and rental potential.
Investment in Key Locations
Location truly matters. In Perth, prime inner-city and waterfront precincts are benefiting from major infrastructure and urban renewal, which in turn lifts long-term value. A case in point is the Elizabeth Quay precinct. This landmark mixed-use redevelopment along the banks of the Swan River has attracted residential towers, such as The Towers at Elizabeth Quay, retail, office and public realm enhancements, all of which underpin lifestyle value and investment appeal.
Investing in apartments within or near such precincts positions buyers to benefit not just from macro market strength, but from precinct-specific uplift: premium location, established amenity and strong buyer interest. For sophisticated investors and downsizers, that is exactly the kind of opportunity they seek.
A Market Poised for Success
In summary, investing in apartments in Perth in 2025 makes sense for several converging reasons:
- A national-leading market performance with sustained price growth and low vacancy.
- A supply-constrained environment that continues to support upward pressure on values and rents.
- Apartments offer a dual benefit: high-yield, investment-friendly for investors — and low-maintenance, lifestyle-rich for downsizers.
- Prime precincts and major urban renewal projects (such as Elizabeth Quay) add an extra layer of security and upside for buyers.
If you are an investor seeking a forward-looking apartment asset, or a downsizer wanting a truly compelling lifestyle switch, Perth’s apartment market is increasingly hard to ignore. To explore how you can take advantage of this opportunity, we invite you to find out more about our current Perth property developments and how we bring developer-grade quality, location and living to market.
