Interest rate cuts have boosted confidence and increased the probability of more intense competition for houses nationwide, preparing homebuyers for a robust spring market.

Executive Snapshot

• According to REIWA, the stock is at a new record low as we enter spring, with only 2,981 active listings at the end of August, down -10.4% month over month and -18.3% year over year. That is a very tight starting position for the season.
• Perth is one of the strongest capitals (around +0.9% m/m on various measures), and national indices indicate another monthly increase in August. Prices are continuously growing.
• Demand has policy tailwinds: The RBA has lowered the cash rate many times since February 2025, and the economy as a whole indicates that consumption is improving. These factors usually encourage purchasing activity through the spring.
• REIWA’s most recent weekly snapshot, which ended on August 31, shows 830 sales, up 1.3% week over week, with units and land rising. Buyer activity continued to be strong into late winter.
• Weather + presentation: The Bureau and meteorologists predict drier-than-normal conditions for southern WA this spring, which is beneficial for open houses and days-on-market, following Perth’s wettest winter in decades.

What does it mean? Perth’s spring 2025 season is expected to be seller-skewed. Low supply plus consistent demand equals more price support unless there is a spike in new listings, particularly for well-maintained family homes and high-quality apartments close to amenities.

Every capital city’s real estate agents anticipate increased buyer activity over the next three months, driven by the three rate cuts that have already been implemented and the possibility of additional cuts later in the year.

Why Spring Matters in Perth (and Why 2025 Is Different)

• Spring consistently brings more transactions and price discovery throughout Australia by bringing fresh listings and buyer inspections.
• According to long-term data compilations (CoreLogic/Cotality, REIA summary), spring sales volumes are about 35% higher than winter sales volumes, and spring sale prices are about 5% higher than winter prices.
• Some sources even mention seasonal peaks that are up to 7–10% higher than annual averages.
• The lack of available residences at the beginning of the season is what makes Spring 2025 so unique.  
• Perth’s record low of 2,981 active listings occurred during the winter rather than building up.  
• Even if there are more postings in September or November, the scarcity raises the bar for buyers and keeps prices stable.

The Demand Side: Four Tailwinds

• Cheaper money than six months ago
• Population growth + rental spillover
• Economic sentiment is turning a corner
• Construction pipeline constraints

1. The RBA has lowered interest rates multiple times since February 2025. Together with tax reforms and improved household cash flow, such actions are contributing to increased confidence and consumption, which in turn tends to stimulate pre-approved purchasers in the spring.

2. Perth’s competitive rental market has consistently driven demand from investors and first-time homebuyers. Although vacancies have risen from their 2025 ultra-lows (some reports place them in the 2 — 2.5% range), the market is still tight by historical standards, which encourages yield-focused investing and rent-versus-buy decisions.

3. Recent GDP figures indicate that family spending is helping to accelerate the recovery through Q2 2025. Consumer activity into the spring supports time-to-sell and auction/private-treaty clearing measures, notwithstanding the spotty business investment.

4. Long lead times and high build costs continue to restrict the immediate supply of new homes, supporting the value of existing homes, particularly in developed neighbourhoods with transport and amenities.

The Supply Side: What We’ll Watch Each Week

• Active listings and new-listing flow
• REIWA weekly sales
• Rental vacancy + rents

1. The baseline is 2,981, a record low. Sellers should maintain their price power if springtime new stock growth is only modest, as early national discussions indicate. Although a significant increase would reduce competition, it is unlikely to overwhelm the market given WA’s pipeline.

2. Sales in the week ending August 31 remained strong at 830. Consistent sales close to or over that threshold through September–October, along with unchanged or declining median days-on-market, would validate the sustainability of tight conditions.

3. Investor urgency may gradually decrease as vacancy drifts higher over the spring (towards the 2.5–3% “balanced” band); if it tightens once more, investor rivalry in sub-$800k shares will pick up speed.

Price Pulse: Where Are Values Right Now?

1. Indexes for each month

• Perth is one of the strongest capitals, according to August data, which shows another nationwide upturn.  
• According to PropTrack, national prices increased by 0.5% month-over-month in August.
• Other reports have Perth’s prices at 0.9% month-over-month, with upward momentum expected to continue into the spring.

2. Perth’s medians

• According to REIWA, Perth’s median home price increased by 0.6% in May to $780,000, and this trend is expected to continue into the winter (according to several market estimates, July will be around the high $700s).  
• After September transactions settle and are released, new medians for spring should be anticipated.

3. Implication for sellers

Well-presented residences, especially family homes and remodelled apartments close to the ocean, rail, or university, could command premium competition in September to November as prices rise from an already tight base.

Sub-Market Dynamics: Houses vs Units vs Land

• Houses
• Units
• Land

1. Families and those looking to upgrade continue to target detached homes. Houses have been outselling apartments nationwide; in Perth, family-friendly and coastal neighbourhoods continue to command the highest premiums (the most recent Watermans Bay auction had eight bidders and a $2.652 million hammer price).

2. Several economists predict that unit price increases will stabilise through 2025 as affordability improves and yields appear to be very high. Specific local estimates sustain investor interest in strategically situated strata stocks, which offer gross unit yields for properties of approximately 5.6% compared to 4.1%.

3. Infill lots and subdivisible sites may experience spikes in competition when housing supply is limited, as evidenced by REIWA’s weekly snapshot, which showed land sales up 23.4% week over week entering the final week of winter.

Spring 2025 Weather & On-Market Practicalities

• Property sellers in Perth should look forward to a pleasant change from the city’s wettest winter in over thirty years in the spring of 2025.  
• Forecasts now indicate a drier-than-usual spring in southern WA, even though heavy rainfall and high winds may have dampened properties over the winter.  
• For those preparing to list, this is fantastic news, as milder weather and clearer skies create the ideal setting for real estate photography, open houses, and outdoor presentations.  
• Spring offers a chance to showcase properties at their best, as first impressions are becoming increasingly important to buyers.
• September is a good time for sellers to update exteriors by repairing weather-related damage, highlighting curb appeal, and tidying up gardens.  
• In the warmer months, when demand usually declines, a little planning now guarantees that properties appear lively and welcoming.

Risks & Watch-Outs

• Rate-path uncertainty
• Stock surprise
• Construction and settlement delays

1. Even if the cuts so far have been beneficial, any hawkish surprise (due to inflation blips) could reduce borrowing capacity in the latter part of spring. Pay special attention to the monthly CPI data and the RBA’s statements.

2. Even in a growing trend, weekly price rise may be flattened if a significant cohort of suppliers sit out the winter list all at once in October, temporarily improving customer options. Strong but not overpowering spring listings are predicted by early criticism.

3. Cost inflation remains a hindrance, and building pipelines continues to be overloaded. This boosts the value of established homes, but if timetables seem unclear, it may slow down move-up chains and reduce demand for raw land.

What This Means for Sellers (Bargoti Real Estate Playbook)

If you’re thinking of listing between mid-September and late-November, 2025 gives you a rare combination:

• Tightest starting stock in years (record-low active listings).
• Improving buyer confidence (rate cuts + firmer economy).

Favourable on-market conditions (drier spring weather in southern WA).

Bargoti’s spring listing blueprint:

Two-phase launch strategy

• Phase 1: Pre-market heat (7–10 days): private buyer previews from our database, tradie touch-ups, daylight photography, and a Friday-to-Monday first open cycle to catch peak foot traffic.
• Phase 2: Public campaign (14–21 days): targeted ads into family-mover, intra-Perth upgrader, and east-coast investor segments; mid-week evening opens while the days are longer.

Price-anchoring with live comps

Use REIWA’s weekly cadence (sales volumes, DOM, listing counts) to set a tight guide and review after the first two opens. With stock this thin, we focus on creating competition rather than offering discounts.

1. Presentation for post-winter Perth

• Gutter/roof checks after storm season, fresh mulch/plantings for instant kerb appeal.
• Emphasise energy-efficiency upgrades (insulation, solar, heat-pump hot water) that cut living costs—a key buyer narrative as rates normalise.

2. For strata sellers

• Lead with yield and holding-cost transparency (levies, recent works) to engage investors who are comparing units vs houses.
• Use recent unit yield comps to substantiate price.

3. Timing micro-optimisation

• In ultra-tight suburbs (stock < 8–10 listings), go early in September to pre-empt cluster competition.
• In higher-turnover corridors, time to school holidays for family-buyer momentum.

What This Means for Buyers

• Pre-approval
• Look at adjacent suburbs
• Units aren’t a consolation prize in 2025

1. When stock levels are low, pre-approval is your greatest asset. To ensure resilience in the event of a pricing run, ask your lender or broker to retest borrowing at a rate of +100 bps.

2. Look at nearby suburbs (such as those near new METRONET stations or a little inland from upscale beach areas) where returns and price-to-amenity ratios are still appealing.

3. Quality mid-rise stock close to train, uni, and medical precincts might be a wise investment when yields are firming and home values are rising.

Micro-Market Notes to Weave Into the Blog

• Premium coastal & river belts
• Family suburbs with schools + transport
• Investor corridors

1. Where lifestyle and scarcity converge, momentum is still strong (see the recent, well-publicised outcomes in Watermans Bay, Nedlands). Turnkey home situations are likely to involve multiple bids.

2. As time-constrained purchasers value move-in readiness, low-maintenance, remodelled three- to four-bedroom homes, it will likely outperform suburb medians through the spring.

3. Relative to Armadale/Mandurah rail catchments, Joondalup’s health/education, as well as UWA, ECU, and Curtin, well-managed strata with high rent appraisals will be competitive, especially those priced under $ 600,000.

Metrics to Include

• Active listings (Perth metro): 2,981 at end-Aug (record low). Track weekly.
• Sales transactions (weekly): 830 weeks ending August 31; track changes through September/October.
• Monthly price indices: Note August moves (Perth ~+0.9% m/m on some measures; national +0.5% m/m per PropTrack).
• Median house price (REIWA): $780k in May; mention July’s high-$700k context from market round-ups and update when new medians publish.
• Vacancy rate: Present the 2.5–3.5% “balanced” definition and note Perth’s move up from ultra-lows toward ~2–2.5% in 2025; update with REIWA’s latest.
• Macro: RBA rate-cut backdrop since Feb 2025; Q2 GDP +0.6% q/q, +1.8% y/y.
• Weather: Drier-than-usual outlook for southern WA this spring—handy for on-market logistics.

Talking Points & Copy Blocks You Can Drop In

• On scarcity
• On momentum
• On units
• On rentals → purchases
• On campaign timing

1. With only 2,981 active listings at the end of August, Perth is starting the spring selling season with the fewest active listings ever. We’re starting from an extraordinarily tight foundation, even with the influx of fresh listings. As a result, buyers are fiercely competing for properties that are turnkey, family-friendly, and conveniently located.

2. August saw yet another month of price increases across the country, with Perth once more ranking close to the top of the capitals. The traditional spring squeeze, which favours sellers, is created when record-low stock is combined with rising values.

3. In 2025, avoid sleeping in units. Investor interest is flowing into strategically located strata, especially those close to colleges and trains, as affordability tightens and yields on quality stocks remain in the mid-5s.

4. Going early in September can make all the difference in ultra-tight suburbs because you’ll get buyers’ attention before the October listing frenzy. By scheduling your first open over school breaks, you can attract family buyers in corridors with higher turnover rates when they are most prepared.

Bargoti Real Estate: How We’ll Execute This Spring

• Suburb-level pricing briefs
• Buyer pathway mapping
• Rapid refresh crew
• Data-led negotiation
• After-sale chain support

1. Weekly updates to suburb-level pricing briefs based on REIWA’s stock and sales data ensure that your guide keeps up with the market rather than lagging.

2. To reach the three buyer segments we are currently observing—upgraders, rent-escape FHBs, and yield hunters—we sequence digital and database efforts.

For post-winter presentation, a 72-hour spruce (paint touch-ups, landscaping, and minor maintenance) is used.

3. In low-stock situations, we maintain your premium by using live comps and buyer activity density to keep negotiations tied to current scarcity.

To keep your settlement chain moving forward if you’re selling to buy, we highlight stocks in your next suburb.

4. The most recent PropTrack Home Price Index data revealed that the national median home price hit a record high of $827,000 in July, up 4.9% over the previous year.

Real estate markets in Australia’s capital cities

Differ widely, we’ve compiled the most recent expert real estate forecasts for each capital city. Let’s jump to your city.

1. Perth spring property outlook

• More properties should be available for purchase in Perth this spring, but buyers can also expect more competition because of this year’s interest rate reductions.
• Price increases are still being driven by well-maintained properties in attractive or seaside areas, but rising building costs and the cost of unoccupied land are also raising property values.
• As part of the seasonal market cycle, we anticipate an increase in listings, giving buyers more options.
• In addition, any reduction in interest rates is likely to boost borrowing capacity, which would further encourage purchasing and maintain market competitiveness.
• In Perth, the median unit price increased 11.4% year over year to $584,000 in July, while the median home price increased 7.3% annually to $926,000.
• This suggests that unit prices have been growing more rapidly than house prices.
• While overall listings increased 6.6% in July, new property listings in Perth decreased 11.2% year over year.

2. Hobart spring property outlook

• In the run-up to the spring selling season, buyers’ competition has been heightened by the lack of available homes in Hobart.
• In July, Hobart saw a 10.3% decrease in total listings and a 13.5% YoY decline in new property listings.
• There weren’t many houses for sale in Hobart. Spring will be a hectic season, especially if additional interest rate drops give us more confidence.
• People are becoming more confident about proceeding with transactions as a result of the rate decreases.
• In the year ending in July, Hobart’s median home price rose 2.7% to $710,000, while unit prices gained 5.1% to $581,000.

3. Canberra spring property outlook

• Canberra’s home price rise was low, but the city’s overabundance of units has put pressure on unit price growth.  
• We often include a lot more for spring, but this year, we anticipate a slower start to the spring season.
• Before making their final choices, consumers are still holding out for additional interest rate reductions.
• In the 12 months leading up to July, the median price of a home in Canberra increased by 0.7% to $959,000, while the median price of a unit decreased by 2.4% to $590,000.
• In July, there were 0.4% fewer new property listings in Canberra than there were at the same time last year, but there were 1.1% more listings overall.

4. Darwin spring property outlook

• During the year ending in July, Darwin’s median home price increased 6.5% to $604,000, while unit prices increased 7.4% to $410,000.
• In the eighteen years that he had been selling houses, the real estate market was at its most prosperous.  
• Since it can occasionally be less expensive to buy than to rent, more local buyers are entering the market as rents continue to rise.  
• The yield returns are a significant draw for investors, as we offer some of the highest rental yields and the most affordable properties among the capital cities.
• In July, there were 40.7% fewer listings overall, and new property listings were down 9.9% year over year.

5. Adelaide spring property outlook

• Although Adelaide’s real estate market has been booming lately, demand was beginning to decline in some areas of the city.
• In the year ending in July, Adelaide’s median home price increased 9.5% to $916,000, while unit prices increased 8.4% to $632,000 during the same time frame.
• The upscale real estate market in Adelaide was becoming more competitive.   
• Our market is still performing well, but some areas have become increasingly challenging.
• Higher-end properties with defects like oddball floor designs might find it challenging to sell in the current market.   
• However, due to strong demand from real estate developers, the market remained strong for homes with land and those at lower price points.
• In July, Adelaide saw a 5.1% increase in overall listings, but a 4.1% decrease in new property listings compared to the same period the previous year.

6. Brisbane spring property outlook

• As spring approaches, Brisbane is still a popular city, but sellers have been holding off because they are having trouble finding a new residence or are thinking about waiting to gain from the 2032 Olympic Games.  
• Brisbane’s median unit price increased 13% year over year to $715,000 in the year ending in July, while house prices increased 7.8% to $1.067 million.
• Local supply and demand levels will play a significant role in the next spring market.
• For agents and sellers, everything is ideal, but the issue is that stock is difficult to obtain.
• The pandemic-driven spike in home prices in 2021 probably accounted for the majority of Brisbane’s price rise.
• More buyers were anticipated to move to Brisbane in the upcoming years as a result of the 2032 Olympic Games and the infrastructure being constructed to host the games.

7. Melbourne spring property outlook

• After a few difficult years, Melbourne real estate prices have been rising this year, and real estate brokers were optimistic that the trend would continue into the spring.    
• In the year ending in July, the median price of a home in Melbourne increased 2.2% to $983,000, while the median price of a unit decreased 0.6% to $609,000.   
• It’s going to be a great spring and a great year next year since buyers are showing subtle signs of increased confidence and optimism as a result of the interest rate decreases.
• In July, Melbourne saw a 9.4% YoY decrease in new property listings and a 10.5% decrease in total listings.

8. Sydney spring property outlook

• There have been more registered bidders at auctions and larger crowds at open houses.
• We anticipate a very successful spring season and into next year because the market has been incredibly robust over the last few years.
• In July, Sydney’s median home price increased 3.4% year over year (YoY) to $1.564 million, while the median unit price increased 3.2% to $860,000 during the same time frame.
• The most recent data from PropTrack shows that while total listings increased 2.2% in July, new property listings in Sydney decreased 5.3% year over year.

Final Word

Spring 2025 in Perth is set up for continued price resilience and competitive sales—particularly if listings rise modestly rather than meaningfully from record-low levels. For sellers, this is the moment to lean into presentation and smart campaign strategy. For buyers, it’s time to refine their criteria, expand their search radius, and prioritise quality.

Ready to move?

Bargoti can build your suburb-specific spring brief—including a price guide, 21-day campaign calendar, and a list of must-do touch-ups—so you hit the market with maximum momentum.

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