The Perth Property Show

Host Trent Fleskens speaks with buyer’s agent Rohan Powell (Verve) about a two-paced Perth market where rising listings and low transactions reflect mismatched asking prices and an influx of compromised “C/D-grade” stock, while scarce, finished, well-located homes still attract strong competition. They discuss how high renovation and build costs are pushing buyers to pay for completed products, the growing use of auctions and off-market campaigns to manufacture urgency, and why better agents are working harder to generate demand. Powell says current buyers are largely local upgraders advised to allocate more into their principal residence, often negotiating 10–15% below asking...

Host Trent Fleskens interviews Michael McGowan about Western Australia’s brick shortage, its causes, industry impacts, and solutions. McGowan explains WA went from three brick manufacturers to effectively one after ACCC-approved consolidation and Austral mothballed its Cardup plant, leaving Midland/BGC operating only five kilns (down from 11) at capacity. With 85% of homes using bricks (70% double brick, 15% veneer) and commencements around 26,000, Midland introduced an allocation system based on 12‑month purchase history, typically delivering about 50–70% of prior volumes, hitting small builders hardest and delaying projects and progress payments. Proposed responses include pivoting to timber/steel or brick veneer via concurrent permitting and en...

Host Trent Fleskens opens the Perth Property Show noting spring brings more listings while weekly sales remain in the mid–low 600s, about 25% below pre-budget levels, pushing stock on market to around 8,000 despite Perth still being under a balanced market. Guest agent Rash Dhanjal says investor activity has fallen sharply, with fewer investment loans and investors now mainly chasing yield or retain-and-build opportunities. They discuss days on market stretching from around 8 earlier in the year to roughly 28–35 days, with well-presented, well-priced homes still selling quickly and overpriced or flawed properties lingering. Affordability constraints from rate rises, budget impacts, and nega...

Host Trent Fleskens welcomes Chris Jones from Davey Real Estate to discuss Perth’s September market and a detailed update on Duncraig, a blue-chip, largely owner-occupied suburb that historically shows strong downside protection. They compare 2018’s $690,000 median with today’s roughly $1.5 million, noting recent years’ rapid growth and how sentiment shifted after the budget announcement: home open numbers fell (30–50 down to ~15), offers briefly dropped to zero, and days on market stretched from about six days to weeks, though multiple-offer scenarios have begun returning in recent weeks. They discuss increased buyer selectiveness, opportunistic low offers, more subject-to-sale contracts, and the importance...

On the Perth Property Show, host Trent Fleskens previews an RBA meeting he fears will bring another rate rise and outlines a softer, choppier Perth market: weekly sales have fallen to about 650 from 800–900 in prior years, new listings sit near 800 a week, and stock on market is rising into the low-to-mid 7,000s. Guest Cam Smart (Ray White Cannington) says buyer inquiry and home open attendance are down more than 50% since budget day, with good homes still attracting competition while overpriced listings are being quickly “found out.” They discuss auctions as a transparency tool, with Cam citing his own results that m...

On the Perth Property Show, host Trent Fleskens speaks with Norm Roberts, Managing Director and Executive Chairman of Offsite, about WA’s shift toward panellised, timber-framed construction. Norm explains Offsite’s origins (founded 2009, pivoted in 2019, purchased by his group in 2024) and its scale-up from 25 staff in a 3,000sqm site to 160+ staff in an 11,000sqm factory, now producing flat-packed wall, roof, floor and stair panels (not modular) that can reach lock-up quickly, with windows and doors installed in-factory. They discuss logistics advantages, energy performance (around 7.5+ NatHERS), carbon storage potential, builder resistance to factory-installed plumbing/electrical, developer demand for higher-yield townhouse proj...

Host Trent Fleskens is joined by Brendon Ptolomey (Herron Todd White) for a quarterly WA regional property update, noting several markets are starting to mirror Perth with higher listings, easing FOMO and modest corrections. Bunbury (and Mandurah) is showing early contract evidence of about 5% off peaks, with concern that demand is more investor-driven and may weaken if investors exit. Busselton/Dunsborough is resetting to “stable” values, around 5–10% off optimistic peak expectations, while still undersupplied. Albany remains tight and rising, with examples of lots reselling from mid-$400s to low-$500s due to strong demand and limited supply. Kalgoorlie is “counter...

Host Trent Fleskens welcomes Shane Beaumont to the Perth Property Show to unpack a post-budget quarter where Perth’s market has cooled despite weekly sales volumes holding up, with offer counts dropping sharply and buyers taking more time. Beaumont says conditions now feel more “balanced,” with many listings mispriced for current sentiment, and stresses that price is an invitation to act; sellers should benchmark against current competing listings, not earlier sales with different circumstances, and seek leading agents who understand the story behind results and pending subject sales. The pair discuss normalisation in days on market, a shift toward certai...

Host Trent Fleskens and Brendon Ptolomey (Managing Director, Herron Todd White) deliver a quarterly Perth market update, describing a sharp shift from early-2026 FOMO to “fear of participation,” with rising listings and fewer buyers creating a market “reset” rather than a crash. They stress suburb-level nuance: some areas are sliding faster while others hold or grow, with Baldivis used as an example of listings rising from ~20–30 late last year to ~150–160 now, driving price differentiation between top-quality homes and poorer stock. They discuss investors taking profits, likely rent strength from reduced rental supply, and how federal tax changes have reduced investor borr...

Host Trent Fleskens speaks with Vanessa Rader, Ray White’s commercial/industrial expert, talk about major shifts across Australian commercial property. They note childcare has “fallen off a cliff” nationally due to oversupply, staffing shortages, negative press, weak occupancy and fee growth, and limited buyer urgency, with over 30 closures in WA and yields rising as investors move to alternatives. Fast-food assets continue trading at very tight sub 4% yields, while service stations face questions amid rising EV sales, though profit is framed as coming from food and beverage and charging-related dwell time. Perth office is a relative bright spot, with 15.4% vacanc...

Host Trent Fleskens opens with a Perth market update, noting slowing conditions as listings rise, strong competition for quality homes, weaker demand for inferior properties, transactions in the 600s, and uncertainty ahead of an interest-rate decision. He then interviews Aaron Sice from HIA about proposed R-Codes reforms aimed at unlocking subdivision potential in R20-and-under areas, with likely impacts across suburbs such as Joondalup/Ocean Reef and Booragoon–Melville–Willetton–Lynwood, while minimum lot sizes remain. They discuss how ancillary dwellings and subdivision could increase dwelling yields, cautioning not all blocks are suitable and noting constraints like sewer and protec...

Host Trent Fleskens welcomes Mike McGowan from the HIA back to the Perth Property Show to rebalance the conversation from demand to the supply side of WA housing. Trent notes established listings are in the mid-6,000s with stock rising weekly, while Mike says new-build inquiry has fallen about 25% since March amid interest rate rises, budgets, and policy uncertainty, though sales remain consistent and most builders hold 8–12 months of work, constrained by titled land delays. They discuss build times (around 10–11 months currently, with a 5–6 month target), a persistent 40,000-home deficit, and expectations that WA will only deliver roughly 20–24,000 homes per year...

Host Trent Fleskens welcomes Jay Das from Noble Avenue back to the Perth Property Show to review Iluka and Currambine, noting Perth stock on market is in the mid-to-high 6,000s and rising about 150 listings per week due to fewer buyers and lower transaction volumes, pushing conditions toward a more balanced market. Jay says Iluka’s median has lifted from about $1.23m to the $1.7m range, while Currambine’s entry-level stock has moved from around $800k to the mid-$900s/near $1m, after briefly reaching $1.3m–$1.4m. Home open numbers and offers have fallen sharply, competition is thinner, and sales are ta...

Host Trent Fleskens interviews WA Minister for Planning and Housing John Carey about housing supply and planning reform, focusing on R-Code changes that scrap average lot size at R20 to enable subdivisions and potentially open up 50,000 new lots over time as “gentle density.” Carey argues WA needs the full housing continuum—greenfield, infill, and medium/high density—alongside station precinct upzoning, transport-corridor increases, and simplification of the now-expanded R-Codes to reduce variations and speed approvals. They address criticism about tree canopy and future redevelopment, with Carey supporting pragmatic local planning policies and stronger justification for low-density areas while aspiring to make...

Host Trent Fleskens speaks with Byford agent Sean Dunn about why Byford is a “canary in the coal mine” as Perth’s market shifts from aggressive growth to a more defensive phase. They discuss Byford’s new train station and expanding amenities (Coles, Woolworths, Aldi, cafes) alongside its mix of older large rural-residential blocks and newer estates. Against rising Perth listings, fewer transactions, and longer days on market, Dunn describes a sharp slowdown in Byford: home opens falling from 10–15 groups to 1–3, fewer multiple offers, and harder negotiations as sellers cling to last year’s expectations. He cites a recent 4x2 dropping fr...

Host Trent Fleskens answers listener questions on why Perth listings have risen above 6,000 and days on market have lifted to 18, arguing it reflects sentiment and interest-rate-driven serviceability constraints rather than a market top, with fundamentals still supported by undersupply as WA builds roughly 20–25k homes a year while population growth remains higher. He clarifies negative gearing grandfathering cut-off was budget night (12 May 2026), discusses likely investor pivot toward new builds and fringe house-and-land while preferring new infill product within 20km, and explains unit outperformance (27% annual growth) as driven by affordability and the 5% deposit scheme. He says Perth has decoupled from Sy...

Host Trent Fleskens welcomes Tom Miszczak from The Agency back to the Perth Property Show for a suburb spotlight on Queens Park, Cannington and East Cannington. Tom says the past eight weeks have brought a market adjustment, with investor demand tailing off due to uncertainty from budget announcements, while owner-occupier and first-home buyer interest remains strong and prices have largely held if homes are well presented. He argues the slowdown is healthy after Queens Park’s median rose from $615,000 in Sept 2024 to about $850,000, and expects sideways to slightly softer conditions over the next 12 months. They discuss developer confidence, the ra...

Host Trent Fleskens welcomes Derek Baston of Baston & Co to discuss Victoria Park, East Victoria Park and nearby St James/Bentley, focusing on Albany Highway’s lifestyle appeal and how the market has evolved since COVID. Derek explains key drivers by area, including Vic Park Primary School, Raphael Park, dog-friendly Harold Rossiter Park, and the growing food and brewery scene, plus major activation projects like Bailey Hill and the Boston Brewing precinct. They cover gentrification, the shift from state housing weatherboard cottages to prized character homes (influenced by a streetscape policy), and changing buyer profiles including downsizers from South Pe...

Host Trent Fleskens welcomes Brendon Habak from Inhabit for an apartment-focused suburb spotlight on East Perth, discussing buyer sentiment amid negative gearing and tax noise. Brendon sells East Perth on its riverfront amenity and improving infrastructure (WACA pool/slides, growing cafe culture) but notes the suburb lacks a true town centre and community spark, suggesting Wellington Street and the Perth Girls School redevelopment as the best chance to create a walkable retail hub. They outline the typical East Perth two-bed, two-bath apartment rising from about $480k pre-COVID to nearer $700k, with rents around $800/week, but describe a slowdown from...

Host Trent Fleskens welcomes Devon Kelly back to the Perth Property Show for an updated suburb spotlight on Kewdale, revisiting their January 2020 episode and how the market has changed since. Devin shares personal history growing up in Kewdale and highlights Tomato Lake, the evolution of Kewdale High School into the Australian Islamic College, and differing precincts around the suburb. They discuss how Kewdale’s median has shifted from around $430,000 for a 3x1 in 2020 to roughly $1.1–$1.2 million today, pricing out many first-home buyers and attracting more second-home buyers and investors. Devin outlines current development activity, new townhouse and apartment pricing, buye...

Host Trent Fleskens welcomes UDIA WA CEO Tanya Steinbeck to discuss how recent state and federal budget policies will (or won’t) improve WA housing supply, separating meaningful initiatives from headline “pretend policies” and potential negative market impacts. Trent notes Perth listings have risen to around 5,000 but remain more than 50% below a balanced market, keeping sellers in control. They argue that while large infrastructure spending is welcome, the key constraint is workforce and delivery capacity, with competition from mining and the need for targeted skilled migration alongside apprenticeships. They highlight the Infrastructure Development Fund and Keystart’s pre-sale finance guarante...

Host Trent Fleskens and guest Lachlan Delahunty discuss current Perth market conditions, discussing recent “noise” from media and federal budget changes is short-lived compared to slow-moving fundamentals. They note Perth is still growing at roughly 1% per month with around 5,000 listings versus a balanced 13,000, keeping sellers in control despite fewer home open attendees and offers. The biggest constraint is interest-rate-driven serviceability, with some investor deals falling over due to negative gearing changes in bank assessments, reshaping investor behaviour toward new builds and infill. They warn against spruiker-led outer-suburban/off-the-plan and SMSF pitches, and highlight Perth’s strong population growth and supply...

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 re...

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 s...

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 soften...

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...

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...

Host Trent Kins spotlights Mount Hawthorne and interviews Hamish Laidlaw, director at Acton Bell, about Perth’s post-Easter market conditions (stock in the 3,000s, median near $1m, days on market around nine) and the Cook government’s apartment finance underwriting policy. Laidlaw compares Melbourne’s auction-centric, four-week campaigns and unconditional buying culture with Perth’s FOMO-driven private treaty environment, explaining how auctions can condition sellers in softer markets but aren’t currently ideal in Perth. They discuss tactics for buying in Melbourne (including post-auction negotiation) and in Mount Hawthorne, where buyers split between entry-level character homes around $1.6–$1.7m and “forever homes”...

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 Margar...

Trent Fleskens interviews Craig Hyne from Country Values about property and land trends in Gingin (population just over 800) and nearby towns like Bindoon, Guilderton and Lancelin. Craig outlines Gingin’s farming and horticulture roots, limited housing construction for decades, and the impact of the new Brookview Estate (107 residential lots plus a commercial area) near the town centre. Blocks that once sold for $100–$120k rose from about $149k in late 2023 to around $225k by the final stage, while the 12‑month median house price is about $630k, up from roughly $450k pre‑COVID, with scarce listings and examples of sharp resale gains. B...

Host, Trent Fleskens, notes Perth listings have finally topped 3,000 after 17 weeks, though the market remains in chronic undersupply; a recent rate rise linked to Strait of Hormuz tensions is expected to slow, not stop, Perth growth due to relatively better affordability than Sydney. He’s joined by Carlisle’s long-time top agent Matthew Jones to review the suburb’s transformation since 2019, with the median rising from about $505,000 to $923,000 and larger family homes and land-heavy sites driving outsized gains. They discuss Carlisle’s location and transport advantages, school options, price differences within the suburb, shifting buyer mix (including owner-occupiers, first home buy...

Trent Fleskens shares a weekly Perth market snapshot, noting steady demand, around 3,000 listings (about half last year), and a “log jam” likely keeping prices rising but tempered by expected interest rate increases. He’s joined by Richard Clucas, the top agent in Doubleview, who explains his agency’s rebrand to “Home” (Home of Hunter McGrath) and his expanded team to better service buyers at busy home opens and protect long-term reputation. They compare 2019’s slower conditions (often 2–3 months to sell, few home-open attendees, about two offers) with today’s heat (around eight offers). Clucas advises sellers not to sell without a place to...

Trent Fleskens interviews James Bosdet from Professionals Northern Coast on Perth’s northern coastal fringe suburbs including Alkimos, Eglinton and Jindalee, describing rapid price growth, tight supply and rising amenity. James says three-by-two homes that once struggled under $400,000 are now typically $650,000–$700,000+, with an average Alkimos sale around $850,000–$900,000 and Jindalee around $1.2–$1.3 million, including sales above $1 million and a Jindalee record of $2.1 million. They discuss improved access via freeway extensions and new train stations, intense competition with dozens of offers (up to 37) and large over-ask results, limited titled land and block sizes shrinking to about 225sqm, and recent resales gaining about $200,000 in under...

Trent Fleskens hosts Ray White’s Chelsea Owen for a suburb update on Kalamunda, last covered in October 2019 when the median was about $570,000, now around $970,000 and nearing the million-dollar mark. Chelsea discusses Kalamunda’s village feel, housing diversity, schools, quarter-acre blocks, soil and civil cost challenges, and limited large-scale building, with more private builds and some 10–15 site development whispers for 2x2s. Buyer demand is strong, with most listings selling after the first weekend, typically 10–15 groups through and 5–6 offers, often above asking, driven largely by downsizers and families returning to the hills; investors and first home buyers are less present du...

Trent Fleskens and award-winning WA mortgage broker Sam Carello discuss Perth’s tight housing market, with stock still under 3,000 listings and weekly transactions in the 700s driven by limited supply. They cover the recent 0.25% rate rise that banks passed on, the jump in fixed rates since early December, and current pricing (owner-occupier variable P&I about 5.54–5.65%, two-year fixed about 5.69%, investment IO variable about 6.00–6.15%). Sam explains how buyers are using fast finance clauses supported by strong pre-approvals, and why flexibility on settlement is critical in competitive conditions with 6–8 offers per property. They also discuss increased use of bridging loans, downsizer “no end deb...

Trent Fleskens hosts the Perth Property Show, featuring Elliot Briers, Western Australia's top sales agent, particularly excelling in Kalgoorlie. Elliot discusses his journey from Rookie of the Year to the number one agent, emphasizing hard work and building a solid reputation. He explains how Kalgoorlie's unique market dynamics and the sustained investment interest, driven by factors such as high wages and gold prices, have contributed to his success. Elliot also touches upon the challenges in the local property market, including affordability and mobility issues, as well as the growing trend of builders acting as developers in Kalgoorlie.

This week on the Perth Property Show, host Trent Fleskens welcomes Blaine Slater, the new CEO of REIWA. Trent emphasizes the importance of REIWA's data in the real estate industry. Blaine discusses his background in customer service and his fresh perspective on leading REIWA. The conversation covers the current real estate market, stock challenges, and the importance of advocacy, particularly regarding policies like stamp duty reform and Residential Tenancy Act reforms. Blaine mentions the critical role of data-driven engagement with the government and the optimistic outlook for policy changes. They also touch on the importance of collaboration with other...

In this episode of the Perth Property Show, host Trent Fleskens discusses the changing landscape of North Perth’s property market. Joined by real estate agents Nick Zounis and Theo Kouroulis from Edison Realty, the conversation explores price trends, buyer profiles, and the impact of recent economic changes. The speakers recount the significant growth in North Perth’s median house prices over the past six years and discuss the effects of COVID-19 on the market. They delve into the dynamics of home buying in the area, including the importance of a competitive offer and the trend of young families movi...

Trent Fleskens hosts the Perth Property Show with guest Lachlan Delahunty from Follio. The episode delves into the current state of Perth's real estate market and compares investment strategies between Perth and Melbourne. Topics discussed include market fundamentals, risk profiles for investing outside one's home state, and potential growth in Melbourne due to increased immigration and affordability. The conversation also covers historical growth rates, government policies, and regional variabilities within Melbourne. Detailing both the pros and cons of investing in each city, the discussion aims to provide listeners with a comprehensive understanding of where to allocate their investment for...

Host, Trent Fleskens, and guest, Ash Swartz from O'Neill Real Estate, discuss the significant growth of the Armadale suburb in Western Australia on the Perth Property Show. Armadale has seen a 120% increase in property value over the past five years, making it the top performer in the region. The discussion covers reasons behind this growth, changes in socioeconomics, and insights into the local real estate market pre- and post-COVID. They explore the roles of local and Eastern states investors, government schemes, and the challenges first home buyers face. Also touched upon are development opportunities, current property values, and future...