Perth House Prices 2026 — Perth Property Market Update and Suburb Guide

Perth House Prices 2026 — Overview

Perth's property market has been Australia's most dynamic in recent years, recording some of the highest price growth rates among capital cities driven by the resources sector boom, strong interstate and international migration, and a supply shortage that has taken time to respond to surging demand. Perth's relative affordability compared to eastern capitals — particularly Sydney and Melbourne — has made it attractive to both owner-occupiers and investors.

Perth Median Property Prices

• Median house price (Greater Perth) — Approximately $720,000 to $780,000 across greater Perth as of 2025-26. Perth has recorded exceptional annual growth rates in the most recent cycle.
• Median unit/apartment price (Greater Perth) — Approximately $470,000 to $510,000 for units and apartments across greater Perth.
• Western suburbs and beachside (Cottesloe, Claremont, Nedlands) — Perth's premium western suburbs command prices from $1.5 million to over $5 million for houses.
• Northern corridor (Joondalup, Wanneroo, Yanchep) — The fastest-growing corridor, with new housing estates offering entry-level WA property from $450,000 to $700,000.
• Southern suburbs (Fremantle corridor, Rockingham) — Range from $750,000 to $1.5 million in established Fremantle areas to more affordable southern fringe zones.

Perth Property Market Drivers 2026

Perth's property market is closely tied to WA's resources sector cycle. Iron ore prices, LNG revenue and the general health of WA's mining and petroleum industries drive employment, income levels and migration into Perth. WA's economy has been a standout performer in Australia in recent years, supporting property values across the metropolitan area.

First Home Buyers in Perth

WA's First Home Owner Grant and the federal Home Guarantee Scheme assist eligible buyers. WA stamp duty concessions apply for first home buyers below the eligible thresholds — see wa.gov.au or Finance WA for current settings.

Current Perth Property Data

For current Perth property prices and suburb data, visit domain.com.au, realestate.com.au or the Real Estate Institute of Western Australia at reiwa.com.au.

This article was compiled by AI and screened before publishing. See our editorial standards.