Perth

The Lewis Valuation + Advisory team services the greater Perth region, including the outer suburbs.

The majority of work carried out by our senior valuers in Perth include NDIS investment properties and commercial valuations.

Some of the key assignments our senior valuers from the Perth office have completed include:
– The Grosvenor Hotel
– Deakin University
– 114 Residential unit development inclusive of 30 NDIS units
– Over 100 NDIS dwellings

All areas of Perth’s commercial property market saw increases in their median sales prices in 2024. Over 2024, the industrial and retail sectors were the top performers, with both recording a 15.1 per cent in increase in their median sale price per sqm. There continues to be a shortage of industrial accommodation (both for lease and sale) within the core and secondary markets, particularly for properties with lot sizes in excess of 4,000sqm. Transport, Logistics and Manufacturing facilities are still keenly sought.

Perth’s property market is set for significant growth over the next five years, driven by strong population growth, a resilient economy, and continued housing demand outstripping supply. Perth’s median house sale price recorded 24.2 per cent growth in 2024, with the median house sale price rising from $600,000 at the end of 2023 to $745,000 in December 2024. Perth property prices are expected to grow 6%–8% annually through 2030. Suburbs like Baldivis and Scarborough offer excellent investment potential. High rental yields and low vacancy rates make Perth attractive to investors. Population growth and infrastructure projects will drive long-term demand.