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WA Property Market Update: Still Australia’s Strongest, But Shifting Gears (June 2026)

Last updated: 28 June 2026 Western Australia is once again leading the country for property price growth — but after two breathless years, the market is starting to change gear. If you’re thinking about buying, selling, investing, or simply keeping an eye on your suburb, here’s a clear, up-to-date read on where the WA market sits right now and where it’s heading. The headline: still rising, but cooling from the peak Perth remains the strongest capital city market in Australia. According to Cotality’s latest figures, the median dwelling value reached around $1.05 million in May 2026, up roughly 25.8% over the past year — comfortably ahead of every other capital. For houses specifically, the median is sitting near $1.10 million. The important shift is in the pace of growth. The near-3% monthly gains we saw late in 2025 have eased to around 1.5% a month. In other words, prices are still climbing — just no longer at a sprint. This is a market moving from a supply-starved boom into a more sustainable phase. A quick note on numbers: you’ll see different medians quoted depending on the source. Cotality’s index-based figure sits above $1 million, while REIWA’s settled-sales median (which measures something slightly different) had Perth houses around $890,000 and units around $635,000 in the March 2026 quarter. Both are valid — they just count in different ways. Units are now outperforming houses One of the clearest trends in 2026 is buyers shifting toward units, townhouses and villas as houses become less affordable. REIWA expects house prices to rise more than 10% this year, while units are tipped for 15–20% growth. In recent monthly data, unit values have been growing faster than houses — a sign that the entry-level end of the market is doing much of the heavy lifting. For first-home buyers and investors priced out of standalone houses, well-located units near transport, hospitals and lifestyle hubs are where a lot of the action is. What’s driving the market — and what’s changing The fundamentals behind WA’s run have been unusually one-sided: But two things are now turning: 1. Listings are recovering. By mid-June 2026 there were around 5,700 properties for sale in Perth — about 40% higher than a year earlier. More choice takes some of the heat out of the buyer competition that fuelled the late-2025 “fear of missing out”. 2. Interest rates have reversed direction. After three cuts in 2025, the RBA cash rate has moved back up to 4.35%, and the market consensus is for no cuts in 2026 — with the possibility of further increases. This is the single biggest swing factor for the year ahead, and it weighs most heavily on first-home buyers whose borrowing capacity is most sensitive to rate moves. The rental market: still very tight WA remains one of the tightest rental markets in the country, with vacancy rates around 0.5% and rents leading the nation for growth (up roughly 6.9% over the year). Renters can expect continued strong competition, particularly close to the city and popular lifestyle areas. A factor to watch: potential changes to negative gearing, capital gains tax and tenancy laws could prompt some investors to sell — and with investors supplying the large majority of WA’s rental stock, that could tighten rental supply further. Where it’s heading: a strong 2026, a slower 2027 Forecasts for the rest of 2026 remain strong, though they vary on pace. The major banks and analysts are broadly pointing to double-digit growth for the year: The bigger signal is what comes after. Several forecasters expect growth to slow sharply in 2027 — ANZ projects a drop to around 1.5%, while KPMG sees something closer to 5%. The widely held view is a strong 2026 followed by a clear deceleration as affordability limits and higher rates bite. Notably, housing affordability in Perth is now at its worst level in around 30 years, which is the underlying tension in every forecast. What this means for you If you’re buying: Prices are still rising, so waiting carries a real opportunity cost — but more listings mean slightly less pressure than late 2025. Getting your finance and pre-approval sorted matters more than trying to perfectly time the market. If you’re selling: Conditions remain favourable, with strong demand and homes still selling quickly. Well-presented, well-priced properties in good locations continue to achieve standout results. If you’re investing: WA’s fundamentals — population growth, tight supply and strong rental demand — remain compelling, but keep an eye on rate movements and possible tax/tenancy changes. Every suburb and every property is different, and a citywide forecast only tells part of the story. If you’d like a tailored view on your suburb or your specific situation, get in touch — I’m always happy to talk through what the numbers mean for you. Sources: REIWA, Cotality, and published forecasts from CBA, Westpac, ANZ, NAB and KPMG (data current to late June 2026). This article is general information only and not financial or investment advice.

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5 Costly Mistakes to Avoid When Selling Your Property in Perth

5 Costly Mistakes to Avoid When Selling Your Property in Perth Selling your home is one of the most significant financial milestones you will ever undertake. In the thriving property corridors of South-East Perth, market conditions are dynamic, and buyer demand remains highly localised. Whether you own a modern family home in Piara Waters or Harrisdale, a spacious property in Southern River, a contemporary residence in the growing community of Treeby, or an established estate in Canning Vale, navigating the local market requires a precise strategy. While the Western Australian property market currently offers incredible opportunities for sellers, it is also highly unforgiving of simple errors. Many property owners unknowingly leave tens of thousands of dollars on the table or extend their time on the market by making easily avoidable blunders. To ensure you secure the absolute highest return on your lifetime investment, let’s count down the top 5 mistakes property owners make when selling in Western Australia—and exactly how you can avoid them. 1. Setting an Unrealistic Listing Price Based on Sentiment, Not Data It is entirely natural to be emotionally attached to your home. You’ve built memories there, invested your hard-earned money, and watched the neighbourhood grow around you. However, the number one mistake WA sellers make is pricing their home based on sentiment rather than cold, hard market data. Today’s buyers are incredibly savvy. They have immediate access to recent sales data and know exactly which properties are moving in your immediate vicinity. The Risk of Overpricing The Local Fix: To capture the highest volume of premium buyers, you need an objective, data-driven strategy. Look strictly at settled, comparable sales within your specific suburb over the last 3 to 6 months, rather than looking at what neighbouring properties are asking for. 2. Neglecting the Final 5% of Property Presentation and Minor Repairs We live in a digital age where a property’s first “showing” doesn’t happen at a Saturday home open; it happens on a smartphone screen. If your online listing doesn’t stop a buyer mid-scroll, you have lost them before they’ve even stepped through the front door. Many homeowners make the mistake of trying to sell their property entirely “as-is,” ignoring the minor flaws they have grown accustomed to living with. While you might no longer notice that slightly chipped paint in the hallway, the cracked tile in the laundry, or the overgrown garden bed, a prospective buyer certainly will. Why Small Flaws Equal Big Discounts When a buyer spots multiple minors, unaddressed maintenance issues during a walkthrough in Piara Waters or Treeby, two things happen in their mind: How to Prepare Your Canvas Areas to Focus On Simple, High-ROI Actions Street Appeal Mow lawns, mulch garden beds, and pressure-wash driveways. First impressions dictate the emotional tone of the entire viewing. Interior Lighting Open all curtains, trim back external trees blocking windows, and ensure all interior light globes are working and bright. Space and light sell homes. De-cluttering Remove highly personal items, clear kitchen countertops, and thin out overcrowded closets to make your rooms look significantly larger. 3. Choosing a Real Estate Agent Based on the Lowest Commission, Not Value When you are looking to sell a major asset, it can be tempting to treat real estate services like a commodity and simply hire the agent who quotes the lowest commission rate. However, this is one of the most expensive mistakes a property owner can make. In real estate, you almost always get what you pay for. An agent who discounts their commission right out of the gate is sending a very clear message: they do not know how to negotiate to protect their own value. If they cannot negotiate effectively for themselves, how can you expect them to fiercely negotiate the highest possible sale price for your home? The Hidden Costs of Cheap Commission The Local Fix: Focus entirely on your net return—the total amount of money left in your pocket after all fees are paid. Look for an established agent who deeply understands local suburb nuances, holds a proven track record in the south-east corridor, and can clearly demonstrate their negotiation process. 4. Failing to Optimise the Marketing Campaign for the Digital Buyer The days of simply putting a “For Sale” sign on the front lawn and placing a small ad in the local paper are long gone. Today’s property market moves at lightning speed, particularly in high-demand, family-friendly pockets. Yet, many sellers still make the critical error of cutting corners on their marketing budget. Skimping on marketing is a massive disservice to your property. To get a premium price, you need premium exposure that casts a wide net across local, interstate, and even international buyers looking to move into the area. Common Marketing Red Flags to Avoid 5. Inadequate Understanding of WA Compliance, Contracts, and the Settlement Process Selling a home in Western Australia involves strict, legally binding obligations. A major mistake property owners make is failing to prepare for the rigorous compliance checks required before a property can officially change hands. When a Contract is signed in areas such as Canning Vale or Southern River, a smooth path to settlement depends entirely on the property’s compliance with WA regulations. Discovering issues late in the game can delay settlement, incur heavy penalties, or even cause the entire sale to collapse. Critical Compliance Checkpoints for WA Sellers Essential WA Selling Checklist Before your first home open, ensure you have addressed the following: Compliance Item Action Required Electrical Safety Hire a licensed electrician to verify and certify your RCDs and smoke alarms. Council Approvals Ensure all structural additions to your home are fully council-approved. Strata Disclosures (If applicable) Have all current strata documentation, minutes, and financial statements ready for buyer review. Summary: Your Path to a Seamless, Premium Sale Avoiding these 5 critical mistakes is the secret to a stress-free sale that maximises your financial return. By pricing your home accurately, ensuring pristine presentation, investing in a robust digital marketing campaign, ensuring strict legal compliance,

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WA Rent Relief Program Extended to Support Tenants in Need

In a move welcomed by many across Western Australia, the WA Government has announced a six-month extension of its Rent Relief Program, offering continued cost of living support and housing stability to tenants experiencing financial hardship. Originally launched in December 2023 and due to end in June 2025, the program will now remain in place until 31 December 2025. This extension ensures that vulnerable renters have access to vital assistance during a period of ongoing economic pressure and tight rental markets. What is the WA Rent Relief Program? Administered by Anglicare WA and Vinnies WA, the program provides one-off rent relief payments of up to $5,000. These payments are designed to help tenants pay off rental arrears, stay on top of future rent costs, and work towards long-term housing security. To be eligible, tenants must: Be behind on rent, Struggle with day-to-day living expenses, Have less than $3,000 in savings. In addition to financial assistance, the program offers: Financial counselling, Housing support services, Access to community resources, And promotes stronger tenant-landlord relationships. The Impact So Far Since its inception, the Rent Relief Program has provided over $11 million in support, helping more than 2,700 households stay in their homes. This has been a crucial lifeline for many renters across WA, helping prevent homelessness and giving individuals and families the breathing room to get back on their feet. Why This Matters As a local real estate professional, I see firsthand how economic challenges impact both tenants and landlords. Programs like these don’t just support renters—they create more stable rental arrangements, reduce tenant turnover, and improve communication between parties. It’s a win-win for everyone involved. If you’re a tenant facing financial stress, or a landlord looking to support your tenant through a tough period, I strongly encourage you to explore this program. For full eligibility criteria and to apply, visit the WA Rent Relief Program webpage. Need guidance as a tenant or landlord in the current rental market? Feel free to reach out—I’m here to help you navigate the challenges and make informed property decisions. Suresh Sama 0452 512 396 suresh.sama@jasandco.com.au  

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First-Home Buyers in Perth: How to Enter the Market Sooner in 2025

Perth is currently the hottest real estate market in Australia—outperforming every other capital city with strong price growth and solid economic fundamentals. But what does that mean for those looking to get into their first home? Despite rising prices and increased competition, first-home buyers (FHBs) in Perth still have a real opportunity to break into the market—sooner than they might think. Perth’s Market is Booming—And Still Growing Western Australia’s economy is leading the nation, with Perth home prices climbing steadily while other cities saw declines. In fact, Perth was one of just two cities where home values increased in December 2024, capping off an impressive 17.59% annual growth, according to PropTrack Senior Economist Anne Flaherty. Several factors are driving this: But even in this competitive environment, there’s still room for first-home buyers to make their move.

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RBA Cuts Interest Rates to 3.85% – What It Means for the Australian Property Market

In a move set to reshape the Australian housing landscape, the Reserve Bank of Australia (RBA) has reduced the official cash rate by 0.25%, bringing it down to 3.85%—its lowest point in more than two years. This marks the second rate cut of 2025 and the first since the federal election, sending a clear signal that the RBA is responding to easing inflation and a more fragile global economic outlook. “Mortgage Repayments has estimated the savings Australians could see across different loan sizes, based on a current average mortgage rate of 6.01% for new borrowers.” Remaining repayment Monthly repayments (assumed current rate of 6.01%) Monthly repayments with a 0.25% cut $1,000,000 $6000 $5840 $750,000 $4500 $4380 $500,000 $3000 $2920 $250,000 $1500 $1460 So what does this mean for buyers, sellers, and the broader property market? Buyer Confidence Rebound With interest rates now at their lowest since early 2023, borrowing power is set to increase, giving prospective buyers a significant boost in confidence. Some economists estimate that average borrowing capacity could rise by up to $75,000. While affordability has been a concern for many Australians—especially following the prolonged rate hike cycle—this cut is expected to revive demand, particularly among first-home buyers and upgraders. Will Property Prices Rise? According to industry experts, including PropTrack economist Eleanor Creagh, property prices are expected to continue rising, although at a more modest pace compared to the boom years. “The rate of growth is likely to be more modest compared to recent years,” Ms Creagh said. “The trade tensions and volatility in global markets have escalated, reinforcing the need for caution and flexibility in setting policy.” Nevertheless, the combination of lower interest rates and a still-tight housing supply could nudge prices upward, especially in popular growth corridors and family-friendly suburbs.

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