Nedlands Market Report
QUARTER FOUR 2024
Market Update
Welcome to the start of 2025! We hope you’ve had a happy new year and good start to the new year. As part of our ongoing commitment to keeping Nedlands homeowners informed about the local property market, I thought you might be interested in the suburb’s market statistics from the past year.*
As a state, Perth continues its strong run, exceeding 20% house price growth over the past 12 months as well as a 19.9% increase in unit price growth, with this trend expected to continue at a steady rate in the coming year. Our local real estate landscape throughout 2024 has followed a similar trend – sustained price appreciation driven by a significant disparity between the limited availability of new listings and high demand. This imbalance has resulted in homes selling at an impressive pace, reflecting the strong interest in the market this year. In terms of demographic shifts, Western Australia has led the nation with the highest state population growth over
the past five years, at an impressive 11.4%. Perth itself has seen the highest capital city population growth during this time at 11.2%, with this remarkable growth being a key driver of demand in the property market, shaping purchasing dynamics across the region.
Nedlands continues to thrive as a sought-after destination in the Perth real estate market, solidifying its time of just 13 days for houses and 24 days for units. Homeowners in Nedlands have enjoyed exceptional capital growth, with values rising by 41.4% over the past five years and an impressive 44.7% over the last decade.
We’re so grateful for the trust and support you’ve shown us in your real estate journeys. Here’s to a prosperous and joyful 2025! We’d love to assist you in the year ahead, so please don’t hesitate to reach out for any of yor real estate needs.
$2.315M NEDLANDS MEDIAN HOUSE SALE PRICE*
174 NEDLANDS PROPERTIES SOLD IN 2024*
13.8% NEDLANDS SALE PRICE ANNUAL GROWTH*
$700K NEDLANDS MEDIAN UNIT SALE PRICE*
13 NEDLANDS HOME MEDIAN DAYS ON MARKET*
18.1% NEDLANDS RENTAL GROWTH*
North of Stirling Highway Q4 2024 Sales
