Perth's property market is turning, but has it hit the bottom?
With prices retreating and interest rates squeezing borrowing capacity, Perth's property market faces a period of uncertainty but 2027 could mark a prompt turnaround.
Off-the-plan apartments in Perth can offer a way to secure a new home. (Image source: Cameron Higbid/Griffin Group)
After several years of rapid price growth, Perth’s property market is currently in decline but a recovery in 2027 is a strong likelihood.
Rising interest rates, stretched household budgets and shifting buyer sentiment are cooling demand, leaving many prospective purchasers wondering whether to buy now or wait for prices to fall further.
While further declines remain possible, the changing market may offer something buyers have struggled to find…
