📈 Key Market Figures for October 2025
| Metric | Current Figure | Change from September | Change from October 2024 | Commentary |
| Median House Sale Price | $820,000 | Up 1.2% | Up 12.3% | Continuous price increases due to demand/supply imbalance. |
| Median Unit Sale Price | $571,000 | Up 2.0% | Up 17.7% | Units are seeing faster growth, likely due to affordability issues. |
| Total Sales | 3,147 | N/A | Down 26.5% | Fewer properties are changing hands because of the lack of listings. |
| Listings for Sale | 2,793 | Up 1.8% | Down 44.5% | Listings remain near record lows despite a slight monthly increase. |
| Median Unit Sale Time | 8 days | 1 day faster | 4 days faster | Fastest sale time in at least 25 years for units. |
| Median Dwelling Rent | $700/week | Up 2.9% | Up 7.7% | Significant increase driven by low supply in the rental sector. |
🏘️ Details on the Sales Market
House Price Growth
The median house price hit a new high of $820,000. The suburbs seeing the largest price growth in October were:
- Jindalee (up 2.1% to $960,000)
- Southern River (up 1.6% to $935,000)
- Doubleview (up 1.6% to $1,275,000)
Fastest Selling Suburbs (Houses)
Homes are selling extremely quickly in a high-demand, low-stock environment:
- Yokine (2 days)
- Kinross (4 days)
- Waikiki, Spearwood, Orelia, Kardinya, Golden Bay, and Beechboro (5 days)
Unit Market
The unit market is experiencing even faster price growth and sales pace than houses:
- The median unit sale price rose by 2.0% in the month to $571,000.
- The median selling time for units was a record-fast 8 days.
- This trend is attributed to affordability concerns, with buyers looking beyond stand-alone houses.
Reasons for Low Listings (REIWA President Suzanne Brown’s View)
The scarcity of properties for sale is the core issue, driven by:
- High Demand: Continuing population growth and new home buyers entering the market via schemes like the Home Guarantee Scheme.
- Seller Hesitancy: Current homeowners are reluctant to list their properties due to concerns about securing a new place to live in the tight market.
- Construction Delays: New home completions are not meeting the pent-up demand.
🏠 Details on the Rental Market
- Median Dwelling Rent is now $700 per week, an increase of almost 3% over the month.
- House Rent median is also $700 per week.
- Unit Rent median is $670 per week.
- Listings for Rent saw a slight increase to 2,137 at the end of October, which is 9.3% higher than a year ago, offering a small relief in the rental sector.
- Median Leasing Time remained fast at 16 days, unchanged from September and a year ago.
Fastest Leasing Suburbs: Shenton Park (6 days), Joondalup (7 days), and Innaloo (10 days).
