The Perth Property Explosion: Why Perth Grew 90% in Four Years

Perth has just lived through one of the most significant wealth creation events in its history. From a median house price of $530,000 in early 2021 to hitting the $1 million mark in early 2026, the market has undergone a total transformation. In this mini episode, Michael Killiner breaks down the "Chapter by Chapter" story of how Perth went from being the most undervalued capital city in Australia to leading the nation in growth. We look past the luck and deep-dive into the structural forces—population pressure, a construction industry under strain, and a rental crisis—that created this perfect storm. General advice only and not personal advice. CRN 485467 -------------------------------------- Inside This Episode: The 90% Growth Story: How Perth outperformed Sydney and Melbourne by a massive margin over the last five years. The Pandemic Paradox: Why closed borders and shifting migration patterns built the foundation for a price surge. The Supply Gap: Why the building industry fell short of annual needs by 4,000+ homes, even in its best years. The Rental Feedback Loop: Analyzing the staggering data of 119,000 new residents vs. only 694 new rental dwellings. 2026 Forecast: What the moderation of growth means for long-term investors and why listings remain at record lows. -------------------------------------- Subscribe:    / @thatbackyardpropertypodcast   Instagram: https://www.instagram.com/backyardpro... Website: https://tuskfinance.com.au Connect with Michael: Facebook:   / tuskfinancemk   Instagram:   / mortgageswmichael   LinkedIn:   / michaelkilliner   TikTok:   / backyardpropertypodcast   Tusk Finance: [email protected] -------------------------------------- Chapters: 00:00 Welcome and Subscribe 00:27 Perth Up 90 Percent 02:28 Pre 2021 Undervalued 03:06 COVID Border Shock 04:01 Migration Surge 2022 04:47 Construction Supply Crunch 05:54 Vacancy Rate Collapse 07:39 Suburbs and Listings 2024-25 09:04 2025 Market Snapshot 09:50 Where Things Stand 2026 10:49 Investor Outlook 2026 11:37 Key Takeaways and Wrap Produced by ⁠⁠⁠⁠⁠⁠⁠⁠Podwave Studios⁠⁠⁠⁠⁠⁠⁠: https://www.podwavestudios.au #ThatBackyardPropertyPod #PerthPropertyMarket #MichaelKilliner #PerthRealEstate #WAProperty #PropertyInvesting #MarketAnalysis #PerthHousing #RealEstateAustralia #WealthCreation #PerthGrowth #Jolimont #Vash #HousingSupply #RentalCrisis #InvestingInPerth #PropertyData2026 #WestAustralia #SuburbanGrowth #PerthInvestment