Perth / Western Australia

According to the latest REIWA data, houses in greater Perth reached a median sale price of $820,000 in October 2025, up 1.2 per cent from $810,000 at the end of September and 12.3 per cent higher than October last year.

Such a stupid amount of money to be tied up in unproductive assets. The argument that you can borrow against the house for other investments is totally out the window at these prices noe. There's taking risk, and then theres jumping off a cliff with an umbrella. The quantity of cash involved in paying back outweighs the possibility of too many other risky ventures, leaving only the lowest risk investments like... buying another house.

This is so bad for business and entrepreneurship, we're looking at a lost generation for growth and productivity with Millennials, and possibly a worse fate for gen z if this inequity doesn't ease.