Sterling Property completed more than $34 million in transactions across 14 deals in August, underscoring strong buyer confidence and an active appetite for quality assets across Perth’s growth corridors.
Australia’s August rate cut has reignited buyer confidence, with Perth once again leading the nation. House prices rose 1.7% in August and 12.4% year-on-year, positioning WA as the most resilient housing market in the country.
For the commercial sector, this renewed momentum is restoring development feasibility. The gap between house prices and construction costs has narrowed to just 2.3%, making projects viable again in suburban and fringe corridors. As a result, demand is increasing for sites with mixed-use potential and long-term commercial uplift.
Key Highlights
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- $34M+ transacted across 14 deals in August
- Buyer confidence building across Perth’s key growth corridors
- Perth house prices rose 1.7% in August, 12.4% YoY — strongest nationally
- Construction cost gap narrowed to 2.3%, restoring project feasibility
- Demand rising for sites with mixed-use or uplift potential
- WA remains best positioned for long-term commercial growth
