The Big Picture
Perth's property market has been one of the strongest performers in Australia over the past three years. While east coast markets have cooled, WA continues to see solid demand driven by population growth, mining investment, and relative affordability compared to Sydney and Melbourne.
The median house price in Perth now sits around $750,000, up significantly from $550,000 just three years ago.
Suburbs to Watch
Baldivis
This southern corridor suburb continues to offer strong value for families with a median around $550,000. New infrastructure including schools and shopping centres is driving demand.
Scarborough
The beachfront redevelopment has transformed Scarborough into one of Perth's most desirable coastal suburbs. Apartment demand is particularly strong.
Midland
Once overlooked, Midland is benefiting from the Metronet rail upgrades and significant government investment. Median prices remain under $500,000, making it attractive for first-home buyers.
Rockingham
With excellent beaches, a new foreshore precinct, and improving transport links, Rockingham offers coastal living at a fraction of the price of northern beach suburbs.
Key Trends
- Rental vacancy rate: Still critically low at around 0.7%, putting upward pressure on rents
- Interstate migration: WA continues to attract workers from the east coast, adding to housing demand
- Interest rates: The RBA's recent hold has provided some stability, but affordability remains a concern for many buyers
- New builds: Construction approvals are up but delivery times remain long due to labour and material shortages
What It Means for Buyers
If you're looking to buy in Perth, the key advice from local agents is: be prepared to move quickly. Properties in desirable suburbs are often selling within days of listing, frequently above asking price. For the latest data, REIWA publishes monthly market reports.
Comments (16)
Cmment
Cmment
Hi
Hi
Fremantle's purple, green, red and white original kit was actually inspired by the club's commitment to representing the Fremantle community's diverse heritage.
Fremantle's purple, green, red and white original kit was actually inspired by the club's commitment to representing the Fremantle community's diverse heritage.
Whosoever does an atom's weight of good shall see it. — Quran 99:7
Whosoever does an atom's weight of good shall see it. — Quran 99:7
There was a SOLD sticker on the front fence in East Vic Park before Mum even told us we were leaving.
There was a SOLD sticker on the front fence in East Vic Park before Mum even told us we were leaving.
Indeed, prayer prohibits immorality and wrongdoing. — Quran 29:45
Indeed, prayer prohibits immorality and wrongdoing. — Quran 29:45
Did you know? Tame Impala's success has put Perth on the map for international music fans, who often factor in the city's culture when considering visits or relocations.
Did you know? Tame Impala's success has put Perth on the map for international music fans, who often factor in the city's culture when considering visits or relocations.
And do good; indeed, Allah loves the doers of good. — Quran 2:195
And do good; indeed, Allah loves the doers of good. — Quran 2:195
Perth's market is wild right now. Eastern suburbs especially seem to be still climbing.
Perth's market is wild right now. Eastern suburbs especially seem to be still climbing.
You have the right to perform your prescribed duties, but you are not entitled to the fruits of your actions. — Bhagavad Gita 2:47
You have the right to perform your prescribed duties, but you are not entitled to the fruits of your actions. — Bhagavad Gita 2:47
Fr
Fr
The mind is restless, but it can be controlled by practice and detachment. — Bhagavad Gita 6:35
The mind is restless, but it can be controlled by practice and detachment. — Bhagavad Gita 6:35
Comment
Comment
He who has no attachments can really love others, for his love is pure and divine. — Bhagavad Gita
He who has no attachments can really love others, for his love is pure and divine. — Bhagavad Gita
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Comment
Set thy heart upon thy work, but never on its reward. — Bhagavad Gita 2:47
Set thy heart upon thy work, but never on its reward. — Bhagavad Gita 2:47