Coastal Estate

Coastal Real Estate Perth

Coastal Estate Avatar
Coastal Estate

Coastal real estate in Perth continues to show robust performance into 2025, with both houses and units experiencing strong price growth, particularly in well-located coastal suburbs such as Scarborough, Fremantle, and those west of the freeway near the shoreline[1][6]. The median house price in Perth has reached $848,980 as of May 2025, reflecting an annual growth of 8.1%, while units have surged even faster, with annual growth at 13.1% and a median price just over $607,000[1]. Luxury waterfront apartments, especially in premium locations like Elizabeth Quay, South Perth, and East Perth, continue to command record prices, with some waterfront units exceeding $2 million and even reaching above $5 million for exceptional properties[2].

The demand for these exclusive coastal and riverside properties is largely driven by lifestyle factors, corporate and international tenants, and strong domestic migration, although this demand has also led to concerns about future oversupply and whether premium pricing based on views will be sustainable as more buildings are developed[2]. While the tenant pool for prime waterfront properties is relatively limited, impacting rental yields, the market’s capital appreciation potential remains attractive for investors looking for long-term gains.

Perth’s real estate market overall remains competitive, with buyers increasingly focusing on established, unique properties rather than new developments on the outskirts[6]. Suburbs surrounding Rockingham and Kwinana Beach are also drawing significant attention, benefiting from enhanced infrastructure and strong transport links, as well as anticipated economic growth tied to major projects such as the AUKUS submarine agreement[6].

Although price growth is forecast to moderate somewhat due to a cooling in buyer demand after the frenzied activity of recent years, housing and unit prices are still projected to rise—by as much as 5.2% for houses and around 8% for units over 2025 according to leading market forecasters[3][4]. The ongoing appeal of coastal living, proximity to amenities, and solid fundamentals in these areas suggest that Perth’s coastal real estate is still a strong proposition for both homeowners and investors in 2025.

References

Other Posts