385 - Perth Apartments Update ft. Richard Self

In this episode, Trent Fleskens interviews West Perth apartment specialist Richard Self, who says the market has stayed fast, with West Perth’s median unit price rising from about $580,000 in Oct 2024 to $714,000, and typical two-bedroom apartments now starting around $700,000. Buyer demand is broad—downsizers, investors, tenants turning buyers, and first home buyers (often with parental help and the 5% deposit scheme)—but first home buyers are increasingly priced out, worsened by the $500,000 stamp duty threshold. Self cites extreme competition (120+ groups and 18 offers) and record sales, minimal valuation or finance issues, about 30% cash-type buyers, and expects future amenity from the Princess Margaret Hospital precinct to support West Perth.