Perth To Lead National Property Market Recovery

Perth’s residential market is on track to record double-digit growth in 2021 for the first time in 11 years.

That’s according to CBRE’s 2021 Australia Real Estate Market Outlook Report which predicts Perth’s house prices to grow between 9% – 12% and unit prices to lift 5%-7% in 2021 which will lead the nation’s property market recovery post-COVID-19

The growth is forecast off the back of positive interstate migration, solid resources outlook and Federal Government incentives such as Homebuilder and additional State support packages that are boosting the construction sector.

“Supply also remains tight [in Perth] with vacancy already sub-1% which is leading to strong rental growth and providing attractive opportunities for investment in 2021,” said CBRE’s Head of Residential Research Craig Godber.

“For investor markets, the supply/demand imbalance will tip towards oversupply until international migration resumes, although, markets with low levels vacancy (e.g. Brisbane and Perth) will recover more quickly than the Sydney and Melbourne, where vacancy remains elevated.”

Sydney is expected to see house price growth of between 7%-10%, while units will experience a 0%-3% rise. Similarly, 7%-10% growth is forecast for Brisbane’s housing market and units are on track to record a 3%-5% value uplift.

The report predicts 5%-7% growth for both Adelaide and Canberra’s housing markets, with the former expecting a 3%-5% rise in unit prices and the latter tracking an uplift of 0%-3% for units.

A longer recovery is expected for Melbourne, with house prices expected to lift 3%-5% in 2021 and no increases for unit values.

A sanctuary of modern design and craftsmanship, this stunning north-facing family home in Dover Heights sets a new benchmark for luxury coastal living. Perched on a sun-drenched 563sqm block, the newly renovated residence combines elegance with functionality, making it the ultimate entertainer’s retreat.

Designed for seamless indoor-outdoor living, the open-plan living and dining areas lead out to a sunlit alfresco zone with a swimming pool. “It’s where we spend most of our time, whether we’re hosting friends or relaxing with family,” says the owner. Floor-to-ceiling glass doors maximise the natural light and offer views of the beautifully landscaped backyard.

At the heart of the home is a gourmet kitchen equipped with premium Bosch and Siemens appliances, including two 900mm ovens, two dishwashers, and a gas wok with dual extraction fans.

Upstairs, the four spacious bedrooms offer plenty of privacy. The master suite is a true retreat with a luxurious ensuite and custom-built wardrobes. Two other bedrooms feature their own ensuites, while a home office and gym complete the upper level. Convenience is key, with lift access to both floors, a remote-controlled garage with internal access, and off-street parking for three cars.

The home is packed with modern features like Daikin ducted air-conditioning with room-specific controls, rain-sensor skylights and CCTV. Sustainability is also a priority, with 48 solar roof panels and a Tesla 2.5kw solar edge inverter reducing the home’s environmental impact.

Located a short stroll from Rodney Reserve and local favourite Archies Café Co., the house is close to prestigious schools, Rose Bay village, and the iconic Bondi Beach. It’s the perfect blend of convenience and tranquillity, offering a family-friendly neighbourhood while being just minutes away from Sydney’s finest attractions.

With its timeless Hampton-style aesthetic and modern amenities, 60 Blake Street is more than just a home—it’s a lifestyle. Whether you’re entertaining guests or enjoying a quiet evening by the pool, every inch of this property has been thoughtfully designed for comfort and luxury.

Raine and Horne Double Bay

Perth To Lead National Property Market Recovery

The western capital is on track for impressive growth.

This renovated Hampton-style home offers luxury living and seamless indoor-outdoor entertaining in a prime coastal location.