Jul 12, 2025
The West Australian: Perth apartments now the Klondike of nation’s property market
Property buyers seeking a golden opportunity in the Australian property market should be targeting apartments and units in Perth, according to Limnios Property Group Licensee and Managing Director James Limnios.
Mr Limnios said his company had been predicting a breakout in Perth apartment prices for the past two years, and it had finally happened, as revealed by the latest Cotality data. Limnios Property Group further predicts apartment prices may rise by as much as 20 per cent in the inner city over the coming year. “The lasted figures produced by Cotality show Perth apartments increased in value by the highest rate of any residential asset class in all capital city residential markets over the past year,” Mr Limnios said. “The Cotality figures for the year ending June 2025 show the median price of an apartment in Perth surged by 11.3 per cent, which was the highest annual growth rate for apartments or houses in the eight capital city markets in Australia.
James Limnios, managing director of Limnios Property Group.
“Over the past year, Perth apartments grew in value at more than three times the annual rate of both apartments and houses combined (3.4 per cent) for all capital cities.
“Not only are Perth apartments exceeding every other residential asset class in Australia, they also offer the highest annual returns nationally when rents are included.”
My Limnios said gross annual returns for apartments in Perth were now a massive 17.6 per cent, which was the highest of any capital city, followed by Brisbane at 16 per cent.
“This rate of return is around five times retail home loan interest rates meaning the Perth apartment market has become the Klondike for property buyers in Australia seeking wealth through purchasing property,” he said.
“Even our own State Government recognised the exceptional value of Perth apartments in the property market through its recent $105 million purchase of former Fraser Suites to repurpose for affordable housing.
“Apartment prices in Perth will continue to surge because they have been undervalued compared to the overall market, as buyer attention has been mainly forced on purchasing housing.”
Mr Limnios said at the same time, the construction of new apartments in Perth had been virtually at a standstill because of excessive building costs which had made new developments unviable.
Demand for accommodation in the inner-city areas was rapidly rising and there were not enough homes to house people.
“This housing crisis will substantially worsen once the Edith Cowan University central campus opens early next year for about 10,000 students and staff,” Mr Limnios said.
“For anyone wishing to downsize from a house, enter the market as a first homebuyer or buy an investment property, apartments in Perth now offer an ideal buying opportunity.”
Limnios Property Group predicts apartment prices could rise by as much as 20 per cent in the inner city over the coming year because of the massive demand and supply of housing imbalance in the area.
“For first homebuyers, in particular, now is a great time to purchase an apartment which will give them a foothold in the property market and a rapid increase in home equity,” Mr Limnios said.
“They will also be closer to key amenities and employment hubs, giving them cost savings which will assist in paying their mortgage, compared to buying a more expensive house in the outer suburbs.”
