The defining feature of the current market is the lack of stock. Listings have plunged to just 1,881 properties at the end of December—the lowest level on record.
- Monthly Drop: Down 35.5% from November.
- Annual Drop: Down 57.2% from December 2024.
- The “Logjam”: REIWA President Suzanne Brown notes that many potential sellers are stuck. They want to sell but are afraid they won’t find a new home in such a fast-moving market, and short-term rentals are scarce.
Sales Market: Record Prices & High Competition
Despite the lack of choice, buyer demand remains “extremely high,” leading to the return of FOMO (Fear of Missing Out).
| Metric | Houses | Units |
| Median Sale Price | $840,000 (New Record) | $590,000 (New Record) |
| Monthly Growth | +1.2% | +1.7% |
| Annual Growth | +12.0% | +18.0% |
| Median Days on Market | 9 Days | 9 Days |
Export to Sheets
Key Insights:
- Units Outpacing Houses: As houses become less affordable, buyers are flooding the unit market (villas, apartments, and townhomes), driving annual price growth for units significantly higher (18%) than for houses (12%).
- Speed of Sales: Homes are selling in just 9 days, which is a full week faster than the same time last year.
Rental Market: Stability vs. High Demand
While sales prices are surging, the rental market is showing some signs of price stabilization, though supply remains incredibly tight.
- Median Weekly Rent: Held steady at $700 for dwellings and houses.
- Rental Listings: Fell to 1,716, a 23.6% drop from November.
- The “In-Fill” Effect: Areas with new builds are easier to rent in, but inner-city suburbs still see long queues and high competition.
Top Performing Suburbs (December 2025)
| Category | Top Performing Suburbs |
| Price Growth (Houses) | Lesmurdie (+4.3%), Attadale (+3.2%), Swan View (+3.2%) |
| Fastest Sales (Houses) | Parkwood (3 days), Warnbro (4 days), Girrawheen (5 days) |
| Rental Growth (Houses) | Balga (+5.7%), Secret Harbour (+4.5%), Hamilton Hill (+4.4%) |
| Fastest Leasing | Piara Waters (9 days), Subiaco (10 days), Leederville (10 days) |
Outlook for 2026
REIWA expects a traditional increase in listings in January, but cautions that it may not be enough to ease the current constraints. For sellers, the advice is to consider longer settlement periods or “subject to purchase” conditions to navigate the “logjam.”
WhatsApp Josh on +61 (0)488038805 or josh@domeproperties.com.au for further information for a confidential discussion regarding buying, selling or renting
⬆️Sales
Median Value
Homes: $845,000 ( ⬆️$30,000)
Units: $595,000 (⬆️ $30,000)
Average Days on Market: 8 (0)
⬆️Rentals
Median Rent
Homes: $700 / week (No Change)
Units: $670 / week (No Change)
Vacancy Rate: 1.0%
