I wish we had a dollar for every time we’ve heard this question asked over the decades. No doubt there are people who are sitting back waiting for what they think is the perfect time to buy a property. So they’re looking at interest rates (are they going up or down?). They’re comparing the property growth of different suburbs. They’re finding out all they can any proposed infrastructure developments in the local area. They’re talking with mortgage brokers to know their borrowing capacity. They’re saving as hard as they can.
In the meantime, the price of property just keeps going up and up. Based on the latest data from REIWA, the median price of a property in Greater Perth is $780,000. This is around 18% higher than at the same time in 2024.
Of course, everyone’s circumstances are different. (and the property market can be daunting). But as a general observation, buying a property in Australia has proven to be one of the surest ways of creating wealth over the medium to long-term – that’s always good to keep in the back of your mind.
This year, the Greater Perth property market is on track to record 10% property price growth in the 2025 calendar year. This is on top of the extraordinary property price growth in the previous 12 months when the local property market was the best performing in the country.
The Western Australian property market remains strong, with steady growth in both established and new residential areas. (and nothing looks like changing anytime soon). We’ve just entered the traditional spring selling season, which is a time when we see an influx of serious homebuyers entering the market. Attractive, well-priced properties will be in high demand, and there’s no doubt there will be many homebuyers who are thinking that now is the right time to buy.
Here at C & R Settlements in Mandurah, we’re renown for our hard work, attention to detail, and going the extra mile for our clients. We’re Mandurah’s Number One independent settlement agent with over 80,000 settlements under our belt (and still going strong).
As an added bonus, when you choose C & R Settlements, you can use our free courtesy truck when it’s time to make the move. All you’ll need is a standard driver’s licence (and perhaps a few strong mates to lend a hand on moving day). Just be aware that our free courtesy truck is very popular, and bookings are essential. Just another reason to make the move to C & R Settlements in Mandurah.
For details, call us on 9581 2148. Or email mandurah@crsetts.com.au