00:00For Mia Flitman, buying her first home once felt within reach, but now that dream is slipping
00:08further away, with Perth's median house price surpassing $1 million.
00:13You set a goal for yourself to buy a house, only for the goalpost to move every time you
00:20look at it, right?
00:21Domain's latest quarterly house price report revealing an increase of almost 10% in the
00:27last quarter of 2025 to slightly more than $1.08 million.
00:33The report also found house prices in more than 50 Perth suburbs have doubled in the last
00:39five years.
00:40I have two jobs.
00:41I'm working seven days a week to try and save a deposit, but still that deposit grows.
00:47It's like, when, how much do I need to work to be able to save a home?
00:51You know, I'm planning for my future, only for that future to be so uncertain.
00:55The real estate listing company blaming a shortage of homes, a tight rental market and record
01:01investment.
01:02This is a significant amount of money for a median house price at a capital city level.
01:07And when you look at Perth's housing market over the past five years, it has been the
01:11leading capital city for house price growth.
01:14The Premier, maintaining his government, is doing all it can to increase supply.
01:19Looking at every element of the industry and the market to make sure that the state government
01:24can play an important role in ensuring that every Western Australian has a place to live.
01:29With an additional eight Perth suburbs now registering a median house price of $1 million,
01:34there's concern some people will be priced out of the housing market, especially the most
01:39vulnerable.
01:40People are paying well over 40% of their income on paying their mortgage and rent, and there's
01:45more and more families in stress.
01:47Making it tougher for home buyers looking to enter an already overheated housing market.
Comments