Shellabears Blog

Easter, Anzac & Elections Done – WA Market Picks Up Pace

First Quarter 2025 Edition That’s a wrap on the first quarter of 2025. Easter – done. Anzac Day – done. This year marked only the sixth time this millennium that Easter and Anzac Day fell in the same week. Many people took the opportunity for an extended break, resulting in reduced activity in the marketplace during the holiday period. The highly anticipated election – also done. With holidays over, people are returning to their routines. According to REIWA, sales transactions last week were up 79.3% compared to the previous week, with REIWA members reporting 997 transactions. Supply currently sits at 4,753 properties – 33.8% higher than the same time last year, but still only around 40% of what is considered a balanced market. As for rentals, 699 properties were leased last week – a 51.3% increase from the previous week and 6.9% higher than a year ago. Perth’s property market appears poised for continued growth in 2025, supported by strong economic fundamentals, ongoing population growth, and limited housing supply.​​​​​​​

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