The Perth Property Show

Host Trent Fleskens and tax accountant Carlo Baudi unpack proposed budget changes affecting property investors, stressing they are not yet legislated. They explain the shift from the 50% CGT discount toward inflation indexation from 1 July 2027, with gains before that date effectively grandfathered and calculated via ATO pro‑rating or a 30 June 2027 market valuation. They highlight a new minimum 30% tax on capital gains and trust distributions, which they argue hits lower-income earners harder and reduces the benefits of trusts. On negative gearing, they discuss restricting deductions to new builds while grandfathering existing holdings, potentially diverting investment to house-and-land and apartments, reducing rentals in established suburbs, and lowering borrowing capacity. They suggest reviewing structures (personal vs company) and seeking tailored accounting advice.

Host Trent Fleskens interviews local agent Daniella Sparta for a Dianella suburb update, describing a noisy May 2026 backdrop (war, fuel prices, interest rates) but continued demand in Perth despite listings still below 5,000 and about 800 sales a week. They break Dianella into distinct pockets from St Andrews Estate’s multi‑million‑dollar homes to villas and units, noting recent sales from about $850k–$886k at the lower end to $1.75m and above, including older large homes near $1.95m and a first $3m sale. Home open attendance remains strong, but offers are fewer as affordability tightens and sellers’ expectations rise, suggesting a likely six‑month breather rather than price falls. They discuss why locals sell (downsizing/aged care), a $1.2m median after 22% growth, limited cash buyers, proposed development near Dianella Drive, and Dianella Plaza’s underwhelming retail.

Host Trent Fleskens interviews Bayswater agent Nick Pulvirenti on the suburb’s rapid growth and changing buyer mix. Bayswater’s median rose 23% last year (about $1.2m), with stronger gains in more affordable strata stock as first-home buyers use affordability schemes; two‑bed, one‑bath units in a once-avoided King William Street complex now sell in the $600s. Detached character homes are increasingly bought by owner-occupier professionals in their 30s–40s, often with family support, while the investor share (previously dominated by East Coast buyers) has eased as many cash out. Home opens remain strong in good locations but FOMO has softened since pre‑Christmas, with more buyer hesitancy and seller price expectations causing properties to take a few home opens to sell. They discuss common reasons for selling (upsizing, downsizing, cashing in), development around the upgraded Bayswater station, rear blocks around $500k, and a current local ceiling near $2.5m on the river.

On the Perth Property Show, Trent Fleskens and Brendon Ptolomey provide a WA regional market update based on HTW travel and valuation work across the state. Kalgoorlie remains strong with local and investor demand, resilient values despite new supply, and support from gold and lithium. Albany/Denmark are undersupplied, with short-stay returns and lifestyle migration keeping pressure on rentals and prices amid construction constraints. Dunsborough’s $2–$4m holiday segment is still healthy but less frenetic, driven by Perth wealth, with no signs of forced selling. Bunbury remains a value alternative to Perth, with typical prices around $500k in Withers and $600k–$700k in Carey Park. Geraldton is active off a low base, underpinned by tight rentals. Karratha shows urgency, strong rents and record sales amid iron ore strength, while Port Hedland has high turnover but minimal value growth. In Broome, demand favours smaller modern low-maintenance homes, and it’s noted as the shakier market.

Trent Fleskens and valuer Brendon Ptolomey discuss how recent global uncertainty and policy noise may be affecting Perth’s property market, balancing qualitative sentiment with key data. They note buyer caution and fewer offers per listing, but argue conditions remain strong given demand of roughly 800 sales a week, historically low listings under 4,000, and chronic undersupply driven by population growth and high immigration. They cover interest rates as “middle ground,” cost-of-living and construction inflation, and the risk of vendors holding unrealistic price expectations after rapid recent growth. Brendon suggests most owner-occupiers should stick to their plans if they can afford them, while warning against speculative buying, and concludes that supply constraints make negative price growth unlikely, though growth may moderate.