The Perth Property Show

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.

Trent Fleskens and award-winning WA mortgage broker Sam Carello discuss Perth’s tight housing market, with stock still under 3,000 listings and weekly transactions in the 700s driven by limited supply. They cover the recent 0.25% rate rise that banks passed on, the jump in fixed rates since early December, and current pricing (owner-occupier variable P&I about 5.54–5.65%, two-year fixed about 5.69%, investment IO variable about 6.00–6.15%). Sam explains how buyers are using fast finance clauses supported by strong pre-approvals, and why flexibility on settlement is critical in competitive conditions with 6–8 offers per property. They also discuss increased use of bridging loans, downsizer “no end debt” bridging, the first home buyer 5% scheme pricing some buyers out, and parents buying or gifting deposits to help children.

Trent Fleskens hosts the Perth Property Show, featuring Elliot Briers, Western Australia's top sales agent, particularly excelling in Kalgoorlie. Elliot discusses his journey from Rookie of the Year to the number one agent, emphasizing hard work and building a solid reputation. He explains how Kalgoorlie's unique market dynamics and the sustained investment interest, driven by factors such as high wages and gold prices, have contributed to his success. Elliot also touches upon the challenges in the local property market, including affordability and mobility issues, as well as the growing trend of builders acting as developers in Kalgoorlie.