The Perth Property Show

Trent Fleskens interviews Craig Hyne from Country Values about property and land trends in Gingin (population just over 800) and nearby towns like Bindoon, Guilderton and Lancelin. Craig outlines Gingin’s farming and horticulture roots, limited housing construction for decades, and the impact of the new Brookview Estate (107 residential lots plus a commercial area) near the town centre. Blocks that once sold for $100–$120k rose from about $149k in late 2023 to around $225k by the final stage, while the 12‑month median house price is about $630k, up from roughly $450k pre‑COVID, with scarce listings and examples of sharp resale gains. Buyers include metro downsizers, FIFO workers and investors, with growing in-migration and demand for further land supply; Craig also notes strong uptake in South Lancelin, with many eastern states investors.

Host, Trent Fleskens, notes Perth listings have finally topped 3,000 after 17 weeks, though the market remains in chronic undersupply; a recent rate rise linked to Strait of Hormuz tensions is expected to slow, not stop, Perth growth due to relatively better affordability than Sydney. He’s joined by Carlisle’s long-time top agent Matthew Jones to review the suburb’s transformation since 2019, with the median rising from about $505,000 to $923,000 and larger family homes and land-heavy sites driving outsized gains. They discuss Carlisle’s location and transport advantages, school options, price differences within the suburb, shifting buyer mix (including owner-occupiers, first home buyers and investors), limited East-coast investor influence locally, renewed development-site sales, and how the 5% scheme briefly lifted the price floor.

Trent Fleskens shares a weekly Perth market snapshot, noting steady demand, around 3,000 listings (about half last year), and a “log jam” likely keeping prices rising but tempered by expected interest rate increases. He’s joined by Richard Clucas, the top agent in Doubleview, who explains his agency’s rebrand to “Home” (Home of Hunter McGrath) and his expanded team to better service buyers at busy home opens and protect long-term reputation. They compare 2019’s slower conditions (often 2–3 months to sell, few home-open attendees, about two offers) with today’s heat (around eight offers). Clucas advises sellers not to sell without a place to go, outlines buyer circularity within the area, and updates Doubleview pricing: two-bed flats $700–800k, villas/“triple X” around $1m, single-level duplexes about $1.18m, full blocks north of Scarborough Beach Rd $1.6–1.65m, rear townhouses $1.6–1.7m, street-front townhouses about $1.85m, and a top sale at $5.5m.

Trent Fleskens interviews James Bosdet from Professionals Northern Coast on Perth’s northern coastal fringe suburbs including Alkimos, Eglinton and Jindalee, describing rapid price growth, tight supply and rising amenity. James says three-by-two homes that once struggled under $400,000 are now typically $650,000–$700,000+, with an average Alkimos sale around $850,000–$900,000 and Jindalee around $1.2–$1.3 million, including sales above $1 million and a Jindalee record of $2.1 million. They discuss improved access via freeway extensions and new train stations, intense competition with dozens of offers (up to 37) and large over-ask results, limited titled land and block sizes shrinking to about 225sqm, and recent resales gaining about $200,000 in under two years. James attributes demand to lifestyle, replacement costs, and strong buyer inflows, estimating about one-third of buyers are from overseas and additional demand from interstate investors and migrants.

Trent Fleskens hosts Ray White’s Chelsea Owen for a suburb update on Kalamunda, last covered in October 2019 when the median was about $570,000, now around $970,000 and nearing the million-dollar mark. Chelsea discusses Kalamunda’s village feel, housing diversity, schools, quarter-acre blocks, soil and civil cost challenges, and limited large-scale building, with more private builds and some 10–15 site development whispers for 2x2s. Buyer demand is strong, with most listings selling after the first weekend, typically 10–15 groups through and 5–6 offers, often above asking, driven largely by downsizers and families returning to the hills; investors and first home buyers are less present due to price caps. Mobility and low stock constrain both sellers and buyers, with shorter finance timeframes, more cash offers, and longer settlements negotiated. Trent closes with Perth-wide low listings (~2,700), 800+ weekly settlements, and continued price rises while affordability holds.