Why 2025 is the Year to Sell Your Home: Market Trends You Need to Know
If you’ve been contemplating selling your home, 2025 could be the perfect time to take action. The local property market is experiencing an exciting shift, with several key trends that could benefit sellers. Whether you're looking to upgrade, downsize, or cash in on your property’s growth, here’s why 2025 is shaping up to be an ideal year to sell in Perth.
1. Continued Growth in Property Values
Perth’s property market has shown impressive growth in recent years, and experts predict this trend will continue into 2025. Despite challenges like rising interest rates, Perth remains one of the more affordable options compared to other major Australian cities like Sydney and Melbourne. With its relatively low cost of living and ongoing economic stability, Perth continues to attract buyers both from interstate and overseas, making now the perfect time to capitalise on rising property values before they plateau.
2. Limited Housing Supply Fuels Seller Advantage
A key factor driving the current market in Perth is the shortage of available properties. With fewer homes for sale, competition among buyers is fierce, driving prices upwards. For sellers, this shortage offers a unique opportunity to achieve a higher sale price, as buyers are more willing to act quickly and bid competitively to secure a home. If you’ve been thinking about selling, the current market conditions are definitely in your favour.
3. An Increasing Pool of First-Time Buyers
First-time homebuyers are playing a major role in Perth's property market. Thanks to a combination of government incentives and low-interest rates in the past, many new buyers are now entering the market. This influx of first-time buyers creates an opportunity for sellers to tap into a motivated and eager pool of potential purchasers, often willing to pay top dollar for properties that suit their needs.
4. Growing Demand for Suburban Properties
While Perth’s inner-city areas are always in demand, there has been a marked increase in interest for properties in outer suburbs such as Joondalup, Cannington, and Armadale. As more buyers look for affordable options with greater space, these suburban areas have become hotspots for growing families and those seeking a more relaxed lifestyle. If your property is located in one of these sought-after suburbs, now could be the ideal time to sell while demand is high.
5. Capital Growth Potential in Key Areas
With Perth’s economy showing strong growth, particularly in the mining, technology, and infrastructure sectors, certain areas are set to see significant capital gains. Properties located close to key transport hubs, job centres, or infrastructure developments are particularly attractive to buyers and could see strong price appreciation in the coming years. If your home is in one of these high-demand areas, selling in 2025 could allow you to take full advantage of this growth.
6. Interest Rates Stabilising
While interest rates have been on the rise recently, by 2025, the market is expected to stabilise. This could open up a window of opportunity for buyers who have been hesitant due to high borrowing costs. With conditions likely to improve, buyers may be more confident in entering the market again, creating greater demand for your property. Sellers who list at the right time could see an uptick in offers and a quicker sale.
7. Favourable Economic Conditions for Buyers and Sellers
Perth’s economy is on a steady path of recovery, which should help build buyer confidence throughout 2025. As people become more confident in the economy, the market is expected to remain stable, offering sellers a favourable environment for making a sale. With more buyers returning to in-person viewings and engaging more actively in the market, the conditions for selling are looking positive.
Act Now and Seize the Opportunity
2025 is shaping up to be a year with a combination of market conditions that favour sellers in Perth. With strong property value growth, limited supply, and rising demand, now is the perfect time to consider listing your home. Don’t wait too long — the market is dynamic and can shift quickly, so acting sooner rather than later could help you achieve the best possible price for your property.
Thinking of selling? Halyn Property are your trusted partners in real estate. Contact us today for expert advice and assistance with selling your home!