A cracker of a question popped up this week: “Do you think WA properties will reset to a lower level than now, or follow the trend of the East Coast and remain steady?”
Honestly, I get asked this a lot, and I get it—everyone wants to know if house prices will drop or if property will continue booming. The truth? No one can predict the market with 100% accuracy, but I’m going to share some key indicators that are worth keeping an eye on.
The Fundamentals Driving the Market
While we can’t gaze into a crystal ball to see the future of the WA property market, there are some fundamental factors pushing house prices up right now. Immigration is on the rise, rental demand is through the roof, and there’s simply not enough stock to meet demand. When those fundamentals are in place, the market usually only goes in one direction—up!
The East Coast has already experienced significant property price hikes, and although Western Australia often follows its own timeline, it’s likely that we’ll see continued growth for the foreseeable future. So, will house prices drop? Probably not anytime soon. As long as the current drivers—high demand and low supply—remain, it’s more likely we’ll see prices climb further.
Is This a Good Time to Sell My House?
This leads to another question I hear a lot: “Is this a good time to sell my house?” Short answer—yes! Why? Because waiting for that mythical “peak” of the market is like trying to catch lightning in a bottle. You might get lucky, but more often than not, you’ll end up second-guessing your timing and losing sleep over whether you could’ve gotten more.
Rather than holding off for a potentially higher price, now could be the perfect time to cash in. The key is to make solid decisions that will increase your wealth in the long term. You can always reinvest into other areas of the property market or put your money into ventures that are likely to yield strong returns, regardless of market fluctuations.
Why Predicting Market Peaks Is a Trap
The idea of hanging on to your property just to see if prices might rise further can drive anyone mad. Will house prices drop? They might, but if your strategy is to wait for the exact right moment to sell, you could end up missing out on opportunities that are sitting right in front of you now.
The best time to sell is when the market is moving, and that’s exactly what it’s doing right now. If you’ve been toying with the idea of selling, don’t overthink it. Is this a good time to sell my house? Absolutely! The key is to have a plan—whether it’s reinvesting, downsizing, or putting that cash to better use. Waiting could mean missing the chance to capitalise on the current conditions.
What the Media Isn’t Telling You
Look, the mainstream media loves to scare the pants off everyone by predicting market crashes and doom. Don’t fall for it. Sure, markets are cyclical, and yes, corrections happen. But when the fundamentals (like strong demand and limited supply) are still there, any price correction is going to be limited. It’s not likely we’ll see the massive drops the media sometimes warns about. They’re just looking for clicks!
Instead of focusing on whether house prices will drop, focus on what you can control—making strategic decisions about your property investments. And if you’re thinking, “Is this a good time to sell my house?” The answer is yes, especially if you’re ready to take action and use that money to grow your overall wealth.
It’s Time to Take Action
So here’s my advice: stop trying to predict the top of the market and start thinking about what you can do with the money if you sell. Whether it’s getting into another property, investing in something else, or using it to improve your financial situation, taking action is what counts.
The market is constantly moving, and waiting for the “perfect moment” could mean losing out on a great opportunity. The key to real wealth lies in picking strategies that work no matter what the market’s doing. And that’s exactly what I teach in my home renovation course Property for Boss Bitches —how to make money and grow your portfolio regardless of market conditions.
The Bottom Line
At the end of the day, worrying about whether house prices will drop isn’t going to get you ahead. The better question is, “Is this a good time to sell my house?” and if you’ve got the right strategy in place, the answer is a solid yes.
So get off the couch, make a move, and start planning your next step. If you’re ready to take control of your financial future, hit reply, and let’s chat about your options. Property is a vehicle for wealth-building, but only if you take action. Don’t wait for the “perfect” time—create it!
