385 - Perth Apartments Update ft. Richard Self

About this episode

Trent Fleskens interviews Richard Self about the current state of the Perth apartment market and buyer dynamics.

In this episode, Trent Fleskens interviews West Perth apartment specialist Richard Self, who says the market has stayed fast, with West Perth’s median unit price rising from about $580,000 in Oct 2024 to $714,000, and typical two-bedroom apartments now starting around $700,000. Buyer demand is broad—downsizers, investors, tenants turning buyers, and first home buyers (often with parental help and the 5% deposit scheme)—but first home buyers are increasingly priced out, worsened by the $500,000 stamp duty threshold. Self cites extreme competition (120+ groups and 18 offers) and record sales, minimal valuation or finance issues, about 30% cash-type buyers, and expects future amenity from the Princess Margaret Hospital precinct to support West Perth.

People in this episode

Host: Trent Fleskens

Guest: Richard Self

Topics covered

• Perth apartments
• real estate market
• buyer demand
• unit prices
• first home buyers
• investment

Keywords

• Perth apartments
• real estate
• unit prices
• buyer demand
• first home buyers
• West Perth

Mentioned in this episode

Organizations: Princess Margaret Hospital

Places: West Perth

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