Claremont Market Report
QUARTER FOUR 2024
Market Update
Looking back, 2024 was a standout year for Perth’s property market, which emerged as Australia’s top–performing capital city. The median house sale price saw a remarkable 23.3% increase compared to December 2023, driven by Perth’s relative affordability, strong interstate migration, and robust local demand.
While the pace of growth moderated in the final quarter of 2024, Perth continued to record monthly gains. Nationally, the housing market experienced its first decline in nearly two years, with Australian home values dropping 0.1% in December. This national trend was influenced by declines in major cities like Sydney and Melbourne.
Looking ahead, Perth’s property market is expected to grow at a steadier pace, underpinned by strong demand and limited supply. As the holiday season winds down, enquiry levels on our listings are picking up, reflecting renewed buyer interest. I anticipate 2025 will be a year of significant movement for local residents.
Laura Johns 0411 824 496 laura.johns@raywhite.com
18.3%
CLAREMONT SALE PRICE ANNUAL GROWTH*
$2.35M CLAREMONT MEDIAN SALE PRICE*
35.1% CLAREMONT RENTAL PRICE ANNUAL GROWTH*
$1,250
CLAREMONT MEDIAN RENTAL VALUE*
26 CLAREMONT HOUSE MEDIAN DAYS ON MARKET*
22 CLAREMONT UNIT MEDIAN DAYS ON MARKET*
Q4 2024 Sales
Claremont Property Specialist 0411 824 496
laura.johns@raywhite.com Ray White Dalkeith | Claremont 1/10 Stirling Road, Claremont
raywhitedalkeithclaremont.com.au