What's Really Driving Perth Property Prices? With Buyers Agent Rowen Powell

Is Perth’s property boom in 2025 sustainable and how can homebuyers avoid overpaying in one of Australia’s hottest markets? In this episode of The Follio Property Podcast, Reece and Lachlan are joined by Rowen Powell. Director of Verve Buyers Agency and one of Perth’s most experienced buyers agents in both the prestige and family-home markets. Together, they unpack the real reasons behind Perth’s runaway price growth, why listings are at historic lows, how buyer psychology is shifting, what compromises homebuyers are being forced to make, and why transparency in WA’s market has never been worse. We go deep into the mechanics of the 2025 Perth market:

• Why established homes are outperforming new builds
• How replacement costs have reshaped values from $1M villas to $15M prestige homes
• Why the 5% deposit scheme is pushing prices up, not helping affordability
• Why first-home buyers face a 3–4 step “ladder” before reaching their forever home
• How off-market deals actually work (and the real reasons people sell off-market)
• What defines a good buyers agent from a dangerous one
• Why micro-markets and school zones are dictating hundreds of thousands in value
• What suburbs in Perth remain underrated in 2025

Whether you’re buying your first home, upgrading, or navigating the high-end Western Suburbs market, this conversation gives you the on-the-ground intel you can’t get from portals, sales agents, or lagging data.