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WA Property Market Update June 2025

As we approach the end of June and the first half of 2025 wraps up, the WA property market continues to showcase resilience against a backdrop of economic shifts and renewed national optimism. Following the federal election result, which delivered a decisive majority for the incumbent government, markets are buoyed by a sense of stability. A 25-basis point cut from the RBA has pushed the cash rate to 3.85%, and speculation is mounting that further easing could drop it to 3.35% by year’s end. These changes have already impacted lending behaviour and boosted buyer confidence, and for WA, this presents an interesting time across both residential and retail property sectors.

WA Residential Property Market Update June 2025

WA’s residential property market has seen impressive growth throughout 2024 and into 2025, with Perth’s median house price now sitting around $750,000. Demand remains high, fuelled by population growth, strong migration, and tight rental conditions. Suburbs such as Subiaco and Leederville are outperforming, driven by premium location and amenity, with median house prices over $1 million. Meanwhile, outer suburban areas like Aveley and Thornlie provide more affordable options for first and second home buyers, albeit at slightly elevated median prices compared to a year ago.

In regional WA, towns like Broome, Geraldton, and Albany are benefitting from increased investor interest and tight supply. Geraldton’s Rangeway has recorded a staggering 47.5% price growth over the past year, making it one of the strongest-performing regional areas in the country. Across the board, investors are becoming more strategic — seeking value not just in price but in liveability, rental returns, and future development potential. However, it’s crucial for buyers to look beyond median price statistics. Variations between units and houses, and even between streets within the same suburb, highlight the importance of local knowledge and professional advice.

WA Retail Property Market Update June 2025

The WA retail property market is experiencing a wave of renewed interest, largely driven by infrastructure investment, population growth, and evolving consumer behaviour. Major deals like Perron Group’s $482 million Cockburn Gateway and Belmont Forum transaction, and Vicinity Centres’ $420 million stake in Lakeside Joondalup, reflect growing confidence in large-scale shopping assets.

Retail sales in WA rose 6% year-on-year to February 2025, and new developments are aligning with the trend toward experiential retail. Locations like the Perth CBD are undergoing significant revitalisation, with major luxury brands establishing a presence on Murray Street — a testament to investor confidence and consumer strength. The focus on mixed-use developments is another notable trend, integrating retail with residential, medical, and commercial offerings to create more sustainable long-term assets.

From Scarborough to South Bunbury, and from Margaret River to Port Hedland, landlords are adapting to meet new consumer expectations — emphasising sustainability, accessibility, and convenience. The result? A retail landscape that’s maturing quickly and presenting opportunities for forward-thinking investors, even amid broader economic uncertainty.

Looking Ahead

Western Australia’s property market stands on solid footing as we move into the second half of 2025. Residentially, strong fundamentals and population growth continue to push prices higher, while regional areas gain momentum from investor demand. In retail, WA is setting the tone nationally, with substantial transactions, mixed-use innovations, and premium tenant uptake reflecting a return of confidence in physical retail.

Whether you’re considering buying a home, investing in commercial property, or expanding a portfolio, the current market offers plenty of opportunities — provided you have the right guidance. At McKinley Plowman, we help clients navigate these complexities with access to dozens of lenders and a combined 50+ years of experience within our team. Feel free to reach out to us on (08) 9301 2200 or visit mckinleyplowman.com.au.

Data from: HTW Month in Review

written by:

Paul Moran

Paul has over 35 years of experience in finding financial solutions for homebuyers, investors and business owners.
A licensed broker and member of the Mortgage & Finance Association of Australia (MFAA), Paul’s extensive experience includes 20 years with a major bank, seven of which were as commercial banking manager.
Paul delivers a holistic financial solutions to achieve the best possible outcome for a client’s personal or commercial lending needs. Paul also provides a comprehensive financial consultancy to business owners on commercial, equipment and invoice finance.