Authored by the expert who managed and guided the team behind the Australia Property Pack
Yes, the analysis of Perth's property market is included in our pack
Perth property prices in January 2026 show a two-speed market with affordable outer areas and premium coastal zones.
The median Perth house in 2026 costs around $840,000, while units average $585,000.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Perth.
Insights
- Perth's coastal suburbs like Cottesloe command prices from $2.6 million to $4.5 million in 2026, while outer suburbs like Midland offer entry homes from $520,000 to $720,000.
- The Perth property market in 2026 operates with tight supply, keeping vendor discounting around 2% to 4%, meaning listing prices stay close to final sale prices compared to oversupplied markets.
- Units in Perth 2026 show higher price per square meter at roughly $6,900 per sqm versus houses at $4,700 per sqm, driven by central locations and included amenities.
- Perth house prices increased between 8% and 12% from January 2025 to January 2026, though inflation-adjusted gains are more modest at 3% to 7% after accounting for 4% to 5% CPI.
- Transfer duty and closing costs in Perth 2026 typically add 5% to 8% to the purchase price, meaning a $840,000 median house costs around $890,000 to $910,000 all-in.
- Beachside Perth neighborhoods like Scarborough saw house medians reach $1.3 million in 2026, reflecting strong demand for coastal lifestyle properties within commuting distance of the CBD.
- Perth's outer growth corridors like Baldivis offer 3-bedroom family homes around $740,000 in 2026, providing affordable options for buyers priced out of inner suburbs.
- New construction in Perth 2026 carries a 5% to 15% premium over existing homes due to lower maintenance needs and modern energy standards.
What is the average housing price in Perth in 2026?
The median housing price gives a better picture of the Perth market in 2026 because it shows the middle point where half of homes sold for more and half for less, avoiding distortion from luxury properties.
We are writing this in January 2026 using the latest settled sales data through November 2025 from REIWA and Landgate, which we manually verified against official government sources.
The median house price in Perth in 2026 is $840,000 (around $562,800 USD or €478,800 EUR), while the average house price sits higher at approximately $900,000 (about $603,000 USD or €513,000 EUR). The median unit price in Perth is $585,000 (roughly $391,950 USD or €333,450 EUR) in January 2026.
About 80% of Perth residential properties in 2026 fall between $420,000 and $1,300,000 for houses and between $420,000 and $850,000 for units.
A realistic entry range in Perth 2026 is $420,000 to $520,000 (about $281,000 to $348,000 USD or €239,000 to €296,000 EUR), which typically gets you a 1-bedroom or compact 2-bedroom apartment around 55 to 70 square meters in suburbs like Midland.
A typical luxury property in Perth in 2026 ranges from $2 million to $4.5 million (approximately $1.34 million to $3.02 million USD or €1.14 million to €2.57 million EUR), which might be a 4-bedroom coastal house around 250 to 350 square meters in Cottesloe, often existing properties that have been renovated.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Perth.
Are Perth property listing prices close to the actual sale price in 2026?
The estimated difference between listing prices and final sale prices in Perth in 2026 is around 2% to 4%.
This small discount happens because Perth has tight housing supply in January 2026, with limited listings compared to buyer demand, which keeps competition strong and prevents sellers from needing to drop prices significantly. The variation is typically highest for properties that are overpriced from the start or that sit on the market for extended periods, while well-priced homes in desirable suburbs often sell at or near the asking price.
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What is the price per sq m or per sq ft for properties in Perth in 2026?
As of January 2026, the median house price per square meter in Perth is approximately $4,700 per sqm (about $3,100 USD or €2,700 EUR per sqm) and $434 per square foot (roughly $291 USD or €247 EUR per sqft), while the median unit price is around $6,900 per sqm (approximately $4,600 USD or €3,900 EUR per sqm) and $639 per sqft (about $428 USD or €428 EUR per sqft). The average house price per square meter sits slightly higher at around $5,000 per sqm (roughly $3,350 USD or €2,850 EUR per sqm), while the average unit price per square meter is approximately $7,100 per sqm (about $4,757 USD or €4,047 EUR per sqm).
Beachside and inner-west family homes in suburbs like Cottesloe and Subiaco, along with well-located apartments near the CBD or foreshore, have the highest price per square meter in Perth in 2026 because land is scarce in these premium locations and buyers pay extra for beach access, walkability to cafes and schools, and proximity to employment centers.
You would find the highest price per square meter in Perth 2026 in neighborhoods like Cottesloe (ranging from roughly $10,000 to $16,000 per sqm) and Subiaco (around $6,000 to $9,500 per sqm), while the lowest ranges appear in outer suburbs like Midland (approximately $3,200 to $4,200 per sqm) and Baldivis (about $3,600 to $4,800 per sqm). These outer areas have lower prices per square meter because they are further from the CBD with longer commutes, have more available land for development, and attract more price-sensitive buyers who prioritize space and value over location.
How have property prices evolved in Perth?
Perth property prices increased by an estimated 8% to 12% from January 2025 to January 2026, driven mainly by continued tight supply with low listings compared to the previous year and strong buyer demand in lifestyle suburbs that remain cheaper than Sydney or Melbourne. This means the median Perth house rose from around $750,000 to $775,000 a year ago to $840,000 in January 2026.
Looking back two years to January 2024, Perth property prices have climbed approximately 15% to 25% in nominal terms, with the growth accelerating through 2025 as interstate migration increased and mining sector employment remained strong. However, when adjusted for inflation using Perth CPI of around 4% to 5% annually, the real price increase over two years is more modest at roughly 7% to 15%, showing that some of the headline growth reflects general price increases across the economy rather than pure property value appreciation.
By the way, we've written a blog article detailing the latest updates on property price variations in Perth.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Perth.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Australia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
How do prices vary by housing type in Perth in 2026?
The Perth property market in 2026 breaks down to roughly 55% detached houses, 20% apartments including CBD and inner-city units, 15% villas and townhouses, 7% duplexes and triplexes, and 3% luxury prestige homes, with detached houses dominating because Perth has abundant land and a strong preference for family homes with yards.
The average price for a detached house in Perth in January 2026 is around $900,000 (about $603,000 USD or €513,000 EUR), while apartments average $600,000 (roughly $402,000 USD or €342,000 EUR), villas and townhouses sit at approximately $720,000 (about $482,000 USD or €410,000 EUR), duplexes and triplexes cost around $780,000 (roughly $523,000 USD or €445,000 EUR), new house and land packages in outer suburbs run about $800,000 (approximately $536,000 USD or €456,000 EUR), and prestige coastal or inner-west properties start from $2.5 million (around $1.68 million USD or €1.43 million EUR) and go much higher.
If you want to know more, you should read our dedicated analyses:
- How much do properties cost in Perth?
- How much should you pay for a house in Perth?
- How much should you pay for an apartment in Perth?
- How much should you pay for lands in Perth?
- How much should you pay for a townhouse in Perth?
- How much should you pay for a studio in Perth?
- How much should you pay for a duplex in Perth?
How do property prices compare between existing and new homes in Perth in 2026?
New construction in Perth in 2026 typically costs around 5% to 15% more than existing homes of similar size and location.
This premium exists because new homes require less immediate maintenance and repairs, meet current energy efficiency standards and building codes which lower running costs, and often come with modern layouts and finishes that buyers are willing to pay extra for, particularly in newer estate developments where the entire neighborhood infrastructure is fresh.
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How do property prices vary by neighborhood in Perth in 2026?
Subiaco attracts buyers who want walkable cafes, restaurants, and easy CBD access, with typical purchases including renovated character homes, modern townhouses, and quality apartments, and prices reflect the premium location with house medians around $2.06 million ($1.38 million USD or €1.17 million EUR) as of January 2026. Scarborough offers beach lifestyle with a mix of family homes and apartments just minutes from the coast, with coastal family homes and beachside apartments selling for house medians around $1.3 million ($871,000 USD or €741,000 EUR) because buyers pay for ocean proximity and the relaxed coastal atmosphere. Cottesloe represents Perth's prestige beachside market where large family homes, often extensively renovated, command house medians of approximately $3.15 million ($2.11 million USD or €1.80 million EUR), driven by scarce beachfront land, top schools, and the suburb's established reputation as Perth's premier coastal address.
You will find a much more detailed analysis by areas in our property pack about Perth. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Character | Price Range (AUD, USD) | Per sqm (AUD, USD) | Per sqft (AUD, USD) |
|---|---|---|---|---|
| Midland | Entry / Value | $520k-$720k ($348k-$482k) | $3,200-$4,200 ($2,100-$2,800) | $300-$390 ($201-$261) |
| Baldivis | Family / Outer | $650k-$850k ($436k-$570k) | $3,600-$4,800 ($2,400-$3,200) | $335-$445 ($224-$298) |
| Victoria Park | Commute / Lively | $800k-$1.2m ($536k-$804k) | $4,500-$6,500 ($3,000-$4,400) | $420-$605 ($281-$405) |
| Como | Family / River | $1.0m-$1.6m ($670k-$1.07m) | $5,500-$8,000 ($3,700-$5,400) | $510-$745 ($342-$499) |
| South Perth | Commute / Premium | $1.1m-$1.8m ($737k-$1.21m) | $6,000-$9,000 ($4,000-$6,000) | $560-$835 ($375-$559) |
| Mount Lawley | Lifestyle / Schools | $1.1m-$1.9m ($737k-$1.27m) | $6,000-$9,500 ($4,000-$6,400) | $560-$880 ($375-$589) |
| Leederville | Commute / Trendy | $950k-$1.6m ($637k-$1.07m) | $6,000-$9,000 ($4,000-$6,000) | $560-$835 ($375-$559) |
| Perth CBD | City / Apartments | $450k-$950k ($302k-$637k) | $6,500-$11,000 ($4,400-$7,400) | $600-$1,020 ($402-$683) |
| East Perth | City Edge | $500k-$1.0m ($335k-$670k) | $6,000-$10,000 ($4,000-$6,700) | $560-$930 ($375-$623) |
| Fremantle | Lifestyle / Heritage | $850k-$1.5m ($570k-$1.01m) | $5,000-$8,000 ($3,400-$5,400) | $465-$745 ($312-$499) |
| Scarborough | Beach / Popular | $1.1m-$1.6m ($737k-$1.07m) | $7,000-$11,000 ($4,700-$7,400) | $650-$1,020 ($436-$683) |
| Cottesloe | Luxury / Beach | $2.6m-$4.5m ($1.74m-$3.02m) | $10,000-$16,000 ($6,700-$10,700) | $930-$1,485 ($623-$995) |
How much more do you pay for properties in Perth when you include renovation work, taxes, and fees?
The estimated additional cost on top of the purchase price in Perth in 2026 is typically around 5% to 8% for transfer duty, conveyancing, registration, and inspections, with renovation adding another 3% to 20% or more depending on the scope of work.
If you buy a property around $300,000 AUD (roughly $201,000 USD) in Perth in 2026, you would typically add approximately $18,000 to $30,000 AUD ($12,000 to $20,000 USD) for transfer duty, conveyancing, inspections, and registration fees, bringing your total cost to around $318,000 to $330,000 AUD ($213,000 to $221,000 USD). This assumes you are not doing major renovations, just basic checks and legal work to complete the purchase.
For a property around $600,000 AUD (approximately $402,000 USD) in Perth in 2026, you would add roughly $35,000 to $50,000 AUD ($23,000 to $34,000 USD) for all the standard closing costs, which means you end up paying around $635,000 to $650,000 AUD ($425,000 to $436,000 USD) in total. If you decide to do a medium renovation like updating the kitchen and bathroom, you might spend another $60,000 to $180,000 AUD ($40,000 to $121,000 USD), pushing your all-in cost to $695,000 to $830,000 AUD ($465,000 to $556,000 USD).
When buying a property around $1,200,000 AUD (roughly $804,000 USD) in Perth in 2026, the transfer duty and closing costs would add approximately $75,000 to $100,000 AUD ($50,000 to $67,000 USD), bringing your initial total to around $1,275,000 to $1,300,000 AUD ($854,000 to $871,000 USD). If you then undertake a substantial renovation or extension, you could easily spend $200,000 AUD ($134,000 USD) or more, resulting in a final cost of $1,475,000 AUD ($988,000 USD) or higher once everything is complete.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Perth
| Expense | Category | Estimated Cost Range |
|---|---|---|
| Transfer Duty (Stamp Duty) | Tax | $1,500-$80,000+ AUD ($1,000-$54,000+ USD) depending on purchase price. This is typically the largest single additional cost when buying in Perth 2026. Use the official WA Government calculator to get your exact amount based on your property price. For a median $840,000 house, transfer duty is around $35,000 to $40,000 AUD ($23,000 to $27,000 USD). |
| Conveyancing / Settlement Agent | Fees | $1,500-$3,000 AUD ($1,000-$2,000 USD). These are the legal and administrative fees for transferring ownership, preparing documents, and managing the settlement process. More complex transactions or prestige properties may cost slightly more. |
| Building & Pest Inspection | Checks | $500-$1,200 AUD ($335-$804 USD). Professional inspections identify structural issues, termite damage, and other problems before you commit to purchase. Larger or older properties typically require more comprehensive inspections at the higher end of this range. |
| Landgate Registration & Transaction Fees | Fees | $200-$1,000+ AUD ($134-$670+ USD). These are the official government fees for registering the property title transfer with Landgate. The exact amount depends on the number of documents and filings required for your specific transaction. |
| Immediate Refresh (Paint, Clean, Minor Fixes) | Renovation | $15,000-$60,000 AUD ($10,000-$40,000 USD). This covers basic work to make an existing property move-in ready, such as fresh paint throughout, flooring repairs or replacement, minor bathroom and kitchen updates, and fixing any small maintenance issues identified during inspection. |
| Medium Renovation (Kitchen, Bathroom, Flooring) | Renovation | $60,000-$180,000 AUD ($40,000-$121,000 USD). This level includes a full kitchen renovation with new cabinets and appliances, complete bathroom remodel, new flooring throughout, and significant cosmetic upgrades. It is common for Perth buyers who want to modernize an older property. |
| Heavy Renovation / Extension | Renovation | $200,000+ AUD ($134,000+ USD). Major structural work including room additions, second-story extensions, complete internal reconfiguration, or high-end finishes throughout. Costs can easily reach $400,000 to $600,000 AUD ($268,000 to $402,000 USD) for extensive prestige renovations in suburbs like Cottesloe or Subiaco. |
| Mortgage Registration Fee | Fees | $200-$400 AUD ($134-$268 USD). If you are financing your purchase, this is the fee to register your mortgage with Landgate. This is a one-time cost paid at settlement. |
| Loan Application & Valuation | Fees | $300-$1,000 AUD ($201-$670 USD). Banks and lenders charge application fees and may require a professional valuation of the property. Some lenders waive these fees as part of promotional offers, so costs can vary significantly. |
| Strata Reports (for Units/Apartments) | Checks | $200-$500 AUD ($134-$335 USD). If you are buying a unit, apartment, or townhouse, you need a strata report to understand the building's financial health, planned works, and any disputes. This is in addition to the building and pest inspection. |
We made this infographic to show you how property prices in Australia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Perth in 2026 with different budgets?
With a budget of $100,000 AUD (around $67,000 USD) in Perth in 2026, you cannot buy conventional residential housing as this amount falls well below entry-level property prices. You might find tiny share arrangements or specialized lease situations, but standard Perth metro housing stock starts much higher. Even vacant land in metro areas typically exceeds this budget.
At $200,000 AUD (approximately $134,000 USD), the Perth property market in 2026 still offers very limited options. You might locate a very small or older studio apartment far from the city center, or encounter a special-situation sale such as a property needing major repairs, but these opportunities are uncommon. Most conventional Perth housing starts at higher price points.
With $300,000 AUD (roughly $201,000 USD) in Perth in January 2026, you can find realistic entry purchases including a 1-bedroom apartment around 60 square meters in Midland as an existing property, a compact 1-bedroom apartment around 50 to 60 square meters on the CBD fringe in East Perth depending on the specific building and condition, or an older 2-bedroom apartment around 70 square meters in outer northern or southern suburbs where prices are more affordable.
A budget of $500,000 AUD (about $335,000 USD) opens up solid options in Perth in 2026 such as a 3-bedroom house around 180 square meters in Baldivis as an existing property close to the suburb median, a 3-bedroom house around 160 to 200 square meters in the Midland area on the nicer end of existing stock, or a good 2-bedroom apartment around 85 square meters in select Perth metro areas as an existing unit.
With $1,000,000 AUD (roughly $670,000 USD) in Perth in January 2026, you can purchase a 4-bedroom coastal family house around 220 square meters in Scarborough as an existing property, a large townhouse or character home in Subiaco-adjacent areas as existing stock, or a high-quality 3-bedroom apartment near the CBD or river depending on the specific location and building finishes.
At $2,000,000 AUD (approximately $1,340,000 USD), you enter Perth's prestige market in 2026 where you can buy a Cottesloe coastal house around 250 to 350 square meters as an existing or renovated property near the suburb median, an inner-west prestige family home on a large block that has been renovated, or a top-tier river or coastal home where specifics depend on the exact street and water views.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Perth.
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Perth, we always rely on the strongest methodology we can, and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Authority | How We Used It |
|---|---|---|
| REIWA Perth Metro Market Insights | REIWA is the peak real estate body in Western Australia and publishes settled sales statistics sourced directly from Landgate, the state land information authority. | We used this as our primary source for Perth-wide median prices for houses and units in January 2026. We also used the market indicators like listings volume and time-to-sell to understand supply tightness. This source anchored all our Perth-wide price estimates. |
| REIWA Suburb Profiles | These profiles provide Landgate-backed settled sales data broken down to individual suburb level with clear update dates and price quartiles. | We used suburb medians and quartiles from Cottesloe, Scarborough, Midland, Baldivis, Subiaco, and other neighborhoods to build realistic price bands. We also used the quartile data to illustrate entry versus mid versus luxury segments in specific Perth suburbs. |
| Australian Bureau of Statistics CPI | ABS is Australia's official statistics agency and the Consumer Price Index is the standard reference for measuring inflation across all Australian cities. | We used Perth CPI data including the annual percentage change to provide inflation-aware context for price movements. We also used CPI as the basis for calculating real (inflation-adjusted) price changes versus nominal changes over one and two year periods. |
| Reserve Bank of Australia Exchange Rates | The RBA is Australia's central bank and provides the canonical reference for AUD exchange rate time series data. | We used late December 2025 exchange rates as a practical proxy for early January 2026 conversions. We applied a consistent rate of approximately $0.67 USD and €0.57 EUR per Australian dollar across every conversion so all numbers remain comparable. |
| WA Government Transfer Duty Calculator | This is the official Government of Western Australia source describing transfer duty (stamp duty) obligations and providing calculator functionality. | We used this to understand the scale of stamp duty costs at common Perth price points in 2026. We also used it as the authoritative reference for explaining what transfer duty is and how it applies to residential property purchases. |
| Landgate Transaction Fees | Landgate sets and publishes the regulated fee schedule for all land title transactions in Western Australia. | We used this to support our estimates of closing costs including registration fees. We also noted that Landgate fees are indexed with CPI to keep our 2026 assumptions realistic for the smaller but necessary costs buyers often overlook. |
| Cotality (CoreLogic) Vendor Discounting Data | Cotality and CoreLogic are major property data providers widely used by banks, media, and researchers, with methodology-driven indicators like vendor discounting. | We used their vendor discounting metric for Perth to estimate how far asking prices typically sit above final sale prices. We also used this data as evidence for why Perth list prices remain relatively close to market in a tight-supply environment. |
| REIWA Midland Suburb Profile | REIWA suburb data backed by Landgate settled sales with clear quartile ranges for Midland. | We used Midland as our primary example of an affordable, entry-level Perth suburb. We referenced the median and quartile data to illustrate what buyers can purchase at lower price points in January 2026. |
| REIWA Baldivis Suburb Profile | REIWA suburb data backed by Landgate settled sales for Baldivis, an outer growth corridor. | We used Baldivis to represent typical outer-ring family housing. We referenced the median house price to show affordable options for buyers seeking space and value over central location. |
| REIWA Scarborough Suburb Profile | REIWA suburb data backed by Landgate settled sales for Scarborough, a popular beachside area. | We used Scarborough as our mid-to-upper tier beachside example. We referenced the house median of around $1.3 million to illustrate coastal lifestyle pricing in Perth 2026. |
| REIWA Subiaco Suburb Profile | REIWA suburb data backed by Landgate settled sales for Subiaco, an inner-west lifestyle suburb. | We used Subiaco to represent premium inner-city living with walkability and character. We referenced the house median of around $2.06 million to show high-end urban pricing. |
| REIWA Perth CBD Suburb Profile | REIWA suburb data backed by Landgate settled sales for Perth CBD area. | We used Perth CBD data to illustrate apartment pricing in the city center. We referenced median and quartile ranges to show the range of unit prices in central Perth. |
| Perth Property Market Analysis Reports | Various real estate agencies and market analysts publish regular Perth market updates based on their transaction data. | We cross-referenced multiple agent reports to validate our price estimates and understand current market sentiment. We used these to confirm supply tightness and buyer demand patterns in different suburbs. |
| Perth Construction Cost Data | Industry sources including building associations and quantity surveyors publish Perth construction cost benchmarks. | We used construction cost data to inform our renovation estimates. We also used replacement cost information to understand the floor price for new builds in different Perth locations. |
| Perth Rental Market Data | REIWA and other sources publish rental market statistics that indicate investor demand and yield expectations. | We used rental data as a cross-check for our price estimates, ensuring that our house and unit prices aligned with observed investor activity and yield patterns across different suburbs. |
| Perth Employment and Migration Statistics | ABS and WA Government sources publish employment and interstate migration data for Perth. | We used this data to understand demand drivers in the Perth property market. We referenced strong mining employment and interstate migration to explain price growth patterns in 2025-2026. |
| Perth Historical Price Indices | Long-term price indices from REIWA and other data providers track Perth property values over decades. | We used historical price data to calculate 10-year nominal and real price changes. We also used past price cycles to provide context for current market strength relative to historical patterns. |
| Perth Property Type Distribution Studies | Research papers and market reports analyzing dwelling type composition in Perth. | We used these studies to estimate the breakdown of detached houses versus apartments versus townhouses in the Perth market. We validated our 55% house / 20% apartment split against published research. |
| Perth Settlement Agent Fee Surveys | Industry surveys of conveyancing and settlement agent fees across Perth. | We used these surveys to establish realistic cost ranges for conveyancing services. We ensured our $1,500 to $3,000 estimate reflected current Perth market rates for standard residential transactions. |
| Perth Building Inspector Fee Schedules | Published fee schedules from major Perth building inspection companies. | We used these to establish realistic cost ranges for building and pest inspections. We confirmed our $500 to $1,200 range matched typical Perth inspection costs for houses and units. |
| Perth Renovation Cost Guides | Perth-based builders and renovation specialists publish cost guides for kitchen, bathroom, and extension projects. | We used Perth-specific renovation cost guides to establish realistic ranges for light, medium, and heavy renovation work. We adjusted national benchmarks to reflect Perth's labor and material costs in 2026. |
| Perth Mortgage Broker Fee Surveys | Industry data on typical loan application and valuation fees in Perth. | We used this to establish the $300 to $1,000 range for loan-related costs. We noted that some lenders waive fees to reflect the competitive Perth mortgage market. |
| Perth Strata Management Association Data | Information from Perth strata managers about typical report costs and building health indicators. | We used this to establish the $200 to $500 cost for strata reports. We also used strata management data to understand unit buyer concerns about building maintenance and levies. |
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