Treeby & Success Property Market Update 2025
Treeby & Success are adjacent suburbs south of Perth and is situated on the southwest coast. It is known for sunny climate, expanding urban population, proximity to natural attractions and mining and energy industries. Treeby & Success offers a unique blend of natural beauty and modern residential developments.
Property Trends
In 2025, Treeby & Success (which in this report encapsulates sales and rentals in Treeby, Success and Jandakot) recorded a median house price of $872,000, and a median unit price of $479,000. This represents an annual (2024 – 2025) median price growth of 7.7% for houses and 9.1% for units. Comparing 2024 and 2025, sales have significantly decreased, by -64.3% (to 120 sales in 2025) for houses, and by -59.2% (to 40 sales in 2025) for units. The market is undersupplied, which creates an opportune time for owners to sell. That said, despite an increase in median prices, 28.6% of houses sold were in the second most affordable price bracket of $700,000 to $799,999; and 45.0% of units sold were also in the second most affordable price bracket of $450,000 to 499,999. This is ideal for first home buyers and suggest there is a home for all budgets.
Project Development
Treeby & Success will see approximately $69.7M of new projects commencing construction in 2025. The largest project planned for Perth is the Hammond Park Shopping Centre ($17.5M), which will create more local jobs. The South Lake Dwellings (67 Dwellings) is the only residential project planned. With very little new ready-to-sell stock commencing construction in 2025, the house market will remain undersupplied and will likely result in more upward pressure on house prices.
Rental Market & Growth
House rental yields in Treeby & Success were 4.7% in September 2025, above Cockburn City LGA (4.0%) and Perth Metro (3.7%). Median house rental price increased by 2.7% in 2025 from 2024, to $770 per week. At the same time the number of houses rented decreased, by -8.5%. There is an undersupplied house rental market, in good news for investors – even if Treeby & Success is a premium market compared to Perth Metro.
Vacancy Rates & Property Investment
Vacancy rates in Treeby & Success were 0.3% in September 2025, lower than Perth Metro (0.7%). Vacancy rates have declined in the past 12 months, which suggests a tighter rental market. A 0.3% vacancy rate is well below the Real Estate Institute of Australia’s benchmark, indicating quicker occupancy of rental homes. This is conducive for investment, even if house and unit sales price (thus, entry price) is higher in 2025.
