Post-Election Market Commentary: What May Means for Real Estate
With both the federal and WA state elections now behind us—and even the global circus of Trumpmania fading slightly—many people are wondering what this all means for the property market. Historically, elections bring uncertainty, and that tends to put a pause on decision-making. But as the dust settles, confidence traditionally returns—and that’s exactly what we’re starting to see.
Over the last couple of months, many buyers and sellers have been sitting on their hands. Now, they’re starting to move. There’s renewed energy in the market and a clear sense of momentum building.
Housing Promises vs. Reality
One of the big headlines from both levels of government is the promise to build more homes:
It all sounds impressive—until you consider that we've consistently missed our housing targets year after year. Why? It’s not just about funding. We’re facing:
In short, unless we do something different, we’ll be having the same conversation in a few years.
Thinking Outside the Toolbox
What does “different” look like? We need to rethink how homes are delivered. Modular builds, prefab homes, even 3D-printed housing—all of these are viable options already being rolled out in other parts of the world. These aren't fringe ideas anymore. If we’re serious about tackling the housing crisis, innovation has to be part of the solution.
Foreign Buyer Ban: A Rebrand, Not a Revolution
Another announcement getting airtime is the two-year ban on foreign buyers. But here’s the truth: non-residents have long been restricted from buying established homes in Australia. What’s new? Not much.
It’s more of a media splash than a market shift.
The Western Suburbs Outlook
Here in Perth’s western suburbs, the fundamentals haven’t changed. Demand remains strong—for both sales and rentals. Vacancy rates are still under 1%, and competition is keeping values high. Whether you’re buying, selling, or investing, the market continues to show resilience and opportunity.
If you’re considering your next move or simply want to understand where your property stands in the current market, I’d be happy to chat.
Jamie Harrington
Principal | Hub Residential
Watch my video below . . .