Is it a buyer’s market or a seller’s market, and what does that mean for you when building your first home?
Interest rate cuts in the first half of 2025 have been a saving grace for many first-home buyers in Perth. The Housing Institute of Australia (HIA) has also reported a boost in the number of houses being approved for construction.
While it’s worth keeping an eye on the news for these kinds of market shifts, your answer to the question, “should I buy a house now?” should still be a personal one. Read on to understand what’s worth considering when weighing up when the right time is for you.
When is it a buyer’s market, and what does that mean?
Put simply, it all comes down to supply and demand.
A buyer’s market is when:
- supply is high, meaning there are lots of homes available to buy, and
- demand is low, meaning fewer people are looking to buy.
A seller’s market is the opposite. That’s when:
- supply is low, meaning there aren’t many homes available, and
- demand is high, meaning there are lots of people looking to buy.
In a buyer’s market, increased supply gives you, the buyer, more choice, better prices and stronger negotiating power.
So, when is it a buyer’s market? To know, you can look out for signs that supply is outpacing demand, like:
- longer selling times
- price reductions, and
- land promotions.
Is it a good time to build in Perth right now?
Recent trends suggest things are looking up for Perth’s first-home buyers.
Detached home approvals rose to 28,030 in the three months to April 2025, which is up 3% compared to the same time last year, according to the HIA.
So is now a good time to build a house? This data signals growing builder confidence and more opportunities entering the market.
While Perth can be competitive, Easystart gives you an edge at any time. With early access to land through exclusive developer partnerships, we offer more choice, better locations and a smoother experience, whether the market is swinging in favour of buyers or sellers.
Should I buy a house now or wait?
When asking, “when is the best time to build a house” it’s worth weighing up the pros and cons of diving in versus waiting.
Building now can mean:
- locking in today’s prices before further increases
- benefiting from recent interest rate cuts, which are leading to a rise in construction loan approvals, and
- taking advantage of government grants and schemes.
On the flip side, waiting might give you:
- more time to save a larger deposit or reduce debt
- time to move into a more stable job or higher income bracket, and
- potential for improved government incentives that may come down the track.
But by waiting, you risk higher costs or limited land availability later.
Ultimately, it comes down to your personal situation. If you’re close to ready, speaking with one of our in-house finance experts can help you decide what’s right for your goals.
What if I find the right block? Should I buy a house now or wait?
Found the perfect house and land package in your dream suburb?
In high-demand areas, land is limited and competition can be strong. Waiting too long could mean missing out altogether or paying more later.
If the package ticks your boxes and your finances are in reach, securing it now can be a smart move.
Easystart can help you hold land while you get your finances sorted, so you don’t lose the opportunity while you’re still planning. It’s about locking in the right deal at the right time for you.
When is the best time to build a house for you?
The truth is, there’s no perfect moment to build your first home. Markets rise and fall, but your personal goals matter more. Think about:
- where you want to live
- how soon you want to stop renting, and
- whether you’re financially ready to take the next step.
With Easystart’s in-house finance team, exclusive land access, and fast-track build options, you don’t have to wait for ideal market conditions. With the right support, any time can be the right time to start building your first home.
