Perth November Market Continues To Climb
Houses recorded a median sale price of $830,000, up 1.2 per cent on the $820,000 reported in October 2025 and 12 per cent higher than November 2024.
The median unit sale price rose over the month, increasing 1.6 per cent to $580,000. This was 17.2 per cent higher year-on-year, continuing to outpace the price growth in houses.
REIWA President Suzanne Brown said sales times and price growth show the market remains very strong, especially at the more affordable end of the market.
“It is clear from both the data and what our REIWA agents tell us that competition remains intense at price points near or below the Perth median,” she said.
“Although upmarket Nedlands saw the most price growth this month, five of the ten fastest price growth suburbs have a median below $890,000.
“Agents continue to report multiple bids, high buyer interest and very fast selling times in this part of the market.”
The suburbs that saw the most house price growth in November were Nedlands (up 4.7 per cent to $2,675,000), Bedford (up 4.6 per cent to $1,025,000), Coolbellup (up 3 per cent to $857,500), Mullaloo (up 3 per cent to $1,327,500) and Mount Pleasant (up 2.6 per cent to $2,087,500).
East Cannington (up 2.5 per cent to $769,000), Cannington (up 2.5 per cent to $651,000), Success (up 2.5 per cent to $861,000), Piara Waters (up 2 per cent to $885,000) and Gooseberry Hill (up 2 per cent to $1,285,000) were also among the top performers.
Time on market
Houses in Perth sold in a median of nine days in November 2025, one day slower than October 2025 and five days faster than a year ago.
Units sold in a median of eight days in November 2025, the same as October, and six days faster than a year ago.
According to www.reiwa.com data, the fastest selling suburbs for houses in November 2025 were Tuart Hill (2 days), Langford (4 days), Carramar (4 days), Bassendean (4 days), Yokine (5 days), Quinns Rocks (5 days), Eglinton (5 days), Butler (5 days), Woodvale (5 days) and Parmelia (5 days).
“While selling days for both units and houses remain at or close to record lows, the market is transacting at a furious pace for homes in more affordable price brackets,” Ms Brown said.
“Tuart Hill with a median price of $844,500, and just under the threshold of the Australian Government 5% Deposit Scheme, saw homes sell in only two days in November.
“Bassendean, Eglinton, Parmelia and Butler all offer homes below the thresholds for first home buyer supports and selling times are all less than a week. As our members have told us, anything around or below $850,000 is simply flying out the door.”
Listings for sale
Active listings* for sale settled at 2,918 at the end of November. This was 1.3 per cent higher than October 2025 and 48.6 per cent lower than a year ago.
Active listings for sale on www.reiwa.com have increased each of the last two months from the low of 2,745 in September. October and November are traditionally strong months for stock coming to market for sale.
“While there has been an uptick in active listings in October and November, the increase is well down on what we saw last year and demand for what comes to market remains high and sells very quickly.
“The increase in listings is not keeping up with demand.”
Perth rental market
The median dwelling rent remained at $700 per week, the same as October and 7.7 per cent higher than a year ago.
The median weekly rent for houses was $700, no change over the previous month and 4.5 per cent higher than November 2024.
The median weekly rent for units declined to $660, a 1.5 per cent decrease over the month but 6.5 per cent higher than November 2024.
According to www.reiwa.com, the suburbs that saw the most growth in their median weekly house rent price in November 2025 were Doubleview (up 5.9 per cent to $900), Thornlie (up 5.3 per cent to $700), Bayswater (up 4.3 per cent to $730), Scarborough (up 3.5 per cent to $880) and Morley (up 3.1 per cent to $742).
According to www.reiwa.com, the suburbs that saw the most growth in their median weekly unit rent price in November 2025 were South Perth (up 3.4 per cent to $750), East Perth (up 2 per cent to $750), Mandurah (up 1.9 per cent to $540), Wembley (up 1.8 per cent to $560) and Scarborough (up 1.4 per cent to $725).
“We are continuing to see strong rental demand and price growth in suburbs closer to the city,” Ms Brown said.
“It is important to remember that the median rent and vacancy rate are for Greater Perth. There will be some suburbs where strong demand is putting upward pressure on prices, and others where there are more vacancies and flexibility in price.
“Investment property owners and tenants should speak to local REIWA property managers to get a thorough understanding of the conditions in their particular area.”
Listings for rent
There were 2,246 properties available for rent on www.reiwa.com at the end of November 2025.
This was 8.9 per cent higher than October 2025 and 2.1 per cent higher than the same time last year.
Median leasing times
Homes leased in a median of 15 days during November 2025, one day faster than October 2025 and the same as 12 months ago.
www.reiwa.com data showed the suburbs recording the fastest median leasing times were Doubleview (8 days), Maylands (9 days), Wembley (10 days), Cockburn Central (10 days), Subiaco (11 days), Innaloo (11 days), Claremont (11 days), Yanchep (12 days), Clarkson (12 days) and Hammond Park (12 days).
*Active listings – the number of properties advertised on www.reiwa.com at any given time. New listings – new properties listed for sale.
Source: https://reiwa.com.au/news/november-market-continues-to-climb/
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