Episode Details

Western Australia’s property market is cooling sharply, with first home buyer applications plummeting 35% and investor applications down 24.5% between February and June — a steeper drop than anywhere else in Australia. Despite government incentives like the expanded Home Guarantee and tax changes meant to cool investor demand, Perth’s rental yields remain strong, keeping investors active. Meanwhile, first home buyers face soaring prices — nearly doubled since the pandemic — and rising rents that make saving for a deposit harder. Some are waiting for prices to fall further, especially as higher interest rates squeeze borrowing power. But hope remains: 37 Perth suburbs still offer homes under $800,000, with Mandurah leading at just $675,000.

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