Ep 179 — Reflecting on 2025: A Year In Review (Perth Property) + What I Think Happens in 2026

In the final episode of 2025, Neil reflects on how the Perth market really moved this year—and why the “Perth is coming off the boil” narrative missed what was happening on the ground. With listings tighter than last year, rents still elevated, and turnover running hot, the story of 2025 wasn’t boom-and-bust — it was a reset driven by demand rotating through the market.

Neil updates his tier model for 2026 (and explains why price alone no longer tells the full story), then maps out what happens if rates stay flat, rise slightly, or fall. Finally, he shares suburbs he believes could be movers in each tier—from affordability-driven fringe markets through to scarce, premium blue-chip pockets.

Why the “Perth is cooling” narrative missed what was actually happening on the ground in 2025

How the market shifted through three tiers — and why the mid-tier movement pulled the lower bracket up

Why listings stayed tight (and got tighter), and what that means for buyers heading into 2026

The 2026 shift: buyer type matters more than price (affordability vs life-stage vs wealth)

What could happen if rates stay flat, edge higher, or drop — and which tier reacts first

Suburbs Neil’s watching across each tier:
Tier 1: Baldivis, Ellenbrook, Alkimos, Byford, Armadale (select pockets)
Tier 2: Bayswater, Yokine, Morley, Willetton, Booragoon
Tier 3: Cottesloe, Claremont, City Beach, South Perth, Floreat

If you want a straight, on-the-ground breakdown of what really happened in Perth in 2025 — and what I think is coming in 2026 — hit play now.
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