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In this article, we look at the current housing prices in Perth in 2026, using the latest public data available for the Perth residential property market.
We constantly update this blog post so that buyers can follow fresh Perth property prices without having to read many technical reports.
You will find simple price ranges for houses, apartments, townhouses, suburbs, taxes, fees, renovations, and different buying budgets in Perth.
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 housing prices in 2026 are no longer low by Australian standards: a normal residential purchase is now close to A$920,000.
- The Perth property market is moving faster than most buyers expect, with good homes often selling close to the guide price or above it.
- Perth units remain much cheaper than houses in total price, but units often cost more per square metre because they are smaller and better located.
- The gap between entry suburbs and coastal suburbs is very large in Perth, with Armadale around A$500,000 to A$700,000 and Cottesloe often above A$2.8 million.
- A US$500,000 budget, which is about A$712,000, can still buy a real Perth property, but usually not a prime inner-city family house.
- Renovation, stamp duty, and buyer costs can easily add 10% to 25% to the real cost of buying a Perth home.
- Foreign buyers in Perth need to be careful because Western Australia can add a 7% foreign buyer duty on top of normal buyer costs.
- New homes in Perth usually cost about 12% to 22% more than similar older homes because construction costs remain high.
- Perth luxury homes are not only expensive because of the building, but also because of beach access, river views, schools, and land scarcity.
What is the average housing price in Perth in 2026?
The median housing price in Perth in 2026 is more useful than the average price because a few very expensive homes in suburbs like Peppermint Grove, Dalkeith, and Cottesloe can push the average up.
We are writing this Perth housing price guide as of 2026, using the latest data collected from authoritative sources that we manually double checked.
The median housing price in Perth in 2026 is about A$920,000, which is about US$646,000 or €560,000. The average housing price in Perth in 2026 is closer to A$1.1 million, which is about US$773,000 or €669,000.
For most buyers, 80% of residential properties in Perth in 2026 sit roughly between A$500,000 and A$2.4 million, which is about US$351,000 to US$1.69 million or €304,000 to €1.46 million.
A realistic entry range in Perth in 2026 is about A$430,000 to A$650,000, which is about US$302,000 to US$457,000 or €262,000 to €396,000, and this usually means an older 1-bedroom or 2-bedroom unit in Maylands, Midland, Armadale, Gosnells, or parts of Joondalup.
A realistic luxury range in Perth in 2026 is about A$2.2 million to A$4.5 million, which is about US$1.55 million to US$3.16 million or €1.34 million to €2.74 million, and this usually means a large house, renovated villa, or rebuilt family home in Cottesloe, Dalkeith, City Beach, Nedlands, Swanbourne, or Applecross.
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?
In Perth in 2026, actual sale prices are usually about 2% to 3% below the first advertised price, but strong homes can sell at the guide price or above it.
This happens because Perth has low housing supply, fast selling times, and strong buyer competition in popular suburbs. The gap changes the most for prestige homes, overpriced listings, and “offers from” listings, where the listed price is often only a starting point.
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What is the price per sq m or per sq ft for properties in Perth in 2026?
As of 2026, the median residential price in Perth is about A$5,900 per sq m, or A$548 per sq ft, which is about US$4,144 per sq m, US$385 per sq ft, €3,591 per sq m, and €334 per sq ft. The average residential price in Perth is closer to A$6,800 per sq m, or A$632 per sq ft, which is about US$4,776 per sq m, US$444 per sq ft, €4,138 per sq m, and €384 per sq ft.
Small apartments and prestige coastal or river homes usually have the highest price per sq m in Perth in 2026, while older detached houses in outer suburbs usually have the lowest price per sq m because land is less scarce and commute times are longer.
The highest price per sq m in Perth in 2026 is usually found in Cottesloe, Dalkeith, Peppermint Grove, City Beach, Swanbourne, and Applecross, often around A$9,000 to A$18,000+ per sq m. The lowest price per sq m is usually found in Armadale, Midland, Gosnells, Kwinana, Baldivis, and parts of Rockingham, often around A$3,000 to A$5,200 per sq m.
How have property prices evolved in Perth?
Perth property prices in 2026 are about 25% to 26% higher than one year earlier, which is a very strong increase for a large Australian city. The main reason is simple: demand stayed strong while the number of homes for sale stayed low.
Compared with two years ago, Perth property prices are much higher because the market has had two years of strong buyer pressure, tight rentals, and limited new supply. Many Perth buyers who waited in 2024 now face a much more expensive market in 2026.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Australia.
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.
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How do prices vary by housing type in Perth in 2026?
In Perth in 2026, detached houses make up about 58% of the residential market, units and apartments about 22%, townhouses about 9%, villas and low-rise strata homes about 6%, luxury homes about 3%, and new-build house-and-land products about 2%, because Perth remains a house-led city.
Detached houses in Perth average around A$1.1 million, or about US$773,000 and €669,000, while units and apartments average around A$770,000, or about US$541,000 and €469,000. Townhouses are often around A$880,000, or about US$618,000 and €536,000, villas around A$760,000, or about US$534,000 and €463,000, luxury houses around A$3.2 million, or about US$2.25 million and €1.95 million, and new detached homes around A$950,000, or about US$667,000 and €578,000.
If you want to know more, you should read our dedicated analyses:
- 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 do property prices compare between existing and new homes in Perth in 2026?
In Perth in 2026, new homes usually cost about 12% to 22% more than similar existing homes, with a practical central estimate near 15%.
This Perth new-build premium exists because construction costs, builder margins, modern finishes, and buyer demand for move-in-ready homes all add to the final price.
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How do property prices vary by neighborhood in Perth in 2026?
Cottesloe is one of the most expensive Perth suburbs in 2026, with many beach houses, renovated older homes, and high-end apartments. A typical residential property in Cottesloe is often around A$2.8 million to A$3.6 million, which is about US$1.97 million to US$2.53 million or €1.70 million to €2.19 million, because beach access and prestige are very scarce.
Subiaco is a popular inner Perth suburb with townhouses, apartments, and renovated character homes. A typical Subiaco property is often around A$1.4 million to A$2.1 million, which is about US$983,000 to US$1.48 million or €852,000 to €1.28 million, because buyers pay for cafes, trains, hospitals, universities, and short CBD access.
South Perth has river-view apartments, townhouses, and family homes close to the CBD. A typical South Perth property is often around A$1.2 million to A$1.9 million, which is about US$843,000 to US$1.33 million or €730,000 to €1.16 million, because the suburb offers river views, good amenities, and strong rental appeal.
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:
| Perth area | Market label | Typical price range | Typical price per sq m | Typical price per sq ft |
|---|---|---|---|---|
| Peppermint Grove | Ultra-luxury | A$5.0m to A$6.5m US$3.51m to US$4.57m |
A$12,000 to A$18,000 US$8,430 to US$12,640 |
A$1,115 to A$1,672 US$783 to US$1,175 |
| Dalkeith | River prestige | A$3.1m to A$4.0m US$2.18m to US$2.81m |
A$9,000 to A$13,000 US$6,320 to US$9,130 |
A$836 to A$1,208 US$587 to US$849 |
| Cottesloe | Beach and expat | A$2.8m to A$3.6m US$1.97m to US$2.53m |
A$10,000 to A$16,000 US$7,020 to US$11,240 |
A$929 to A$1,487 US$653 to US$1,044 |
| City Beach | Family prestige | A$2.3m to A$3.2m US$1.62m to US$2.25m |
A$8,000 to A$12,000 US$5,620 to US$8,430 |
A$743 to A$1,115 US$522 to US$783 |
| Subiaco | Lifestyle and commute | A$1.4m to A$2.1m US$983k to US$1.48m |
A$8,000 to A$11,000 US$5,620 to US$7,730 |
A$743 to A$1,022 US$522 to US$718 |
| South Perth | River and commute | A$1.2m to A$1.9m US$843k to US$1.33m |
A$7,000 to A$10,000 US$4,920 to US$7,020 |
A$650 to A$929 US$457 to US$653 |
| Scarborough | Beach popular | A$1.0m to A$1.6m US$702k to US$1.12m |
A$7,000 to A$10,500 US$4,920 to US$7,380 |
A$650 to A$975 US$457 to US$685 |
| Joondalup | Family northern hub | A$850k to A$1.2m US$597k to US$843k |
A$4,800 to A$7,000 US$3,370 to US$4,920 |
A$446 to A$650 US$313 to US$457 |
| Morley | Middle-ring value | A$800k to A$1.05m US$562k to US$738k |
A$4,500 to A$6,300 US$3,160 to US$4,430 |
A$418 to A$585 US$294 to US$411 |
| Baldivis | Newer family value | A$650k to A$900k US$457k to US$632k |
A$3,600 to A$5,100 US$2,530 to US$3,580 |
A$334 to A$474 US$235 to US$333 |
| Midland | Entry and transport | A$550k to A$750k US$386k to US$527k |
A$3,400 to A$4,800 US$2,390 to US$3,370 |
A$316 to A$446 US$222 to US$313 |
| Armadale | Entry growth corridor | A$500k to A$700k US$351k to US$492k |
A$3,000 to A$4,500 US$2,110 to US$3,160 |
A$279 to A$418 US$196 to US$294 |
How much more do you pay for properties in Perth when you include renovation work, taxes, and fees?
In Perth in 2026, a standard buyer should usually add about 4.5% to 6.5% for taxes and buying costs, and about 10% to 25% more if the home also needs real renovation work.
If you buy a Perth property around US$200,000, or about A$285,000, the extra buying costs may be about A$9,000 to A$15,000 before renovation. If the property needs a light refresh, you could add another A$20,000 to A$50,000, so the real all-in cost may land near A$314,000 to A$350,000.
If you buy a Perth property around US$500,000, or about A$712,000, normal buyer costs may be about A$30,000 to A$42,000. With a light or medium renovation, the real all-in cost may move toward A$790,000 to A$880,000.
If you buy a Perth property around US$1,000,000, or about A$1.424 million, normal buyer costs may be about A$70,000 to A$95,000. With a medium renovation, the real all-in cost can easily reach A$1.6 million to A$1.8 million.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Australia.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Perth
| Extra cost | Type | Estimated cost in Perth |
|---|---|---|
| Transfer duty | Tax | Usually about 3.5% to 5.0% of the property price for many standard buyers. On a A$1 million home, this can be roughly A$40,000 to A$50,000, or about US$28,000 to US$35,000. |
| Land transfer and registration fees | Government fee | Usually around A$500 to A$2,000, or about US$350 to US$1,400. The exact amount depends on the property and the registration process. |
| Settlement or conveyancing | Professional fee | Usually around A$1,000 to A$3,000, or about US$700 to US$2,100. This covers the legal and settlement work needed to complete the purchase. |
| Building and pest inspection | Due diligence | Usually around A$600 to A$1,500, or about US$420 to US$1,050. This is more important for older houses, villas, and renovated homes. |
| Loan fees and valuation costs | Finance | Often around A$500 to A$2,500, or about US$350 to US$1,760. The cost depends on the lender, the loan type, and whether a valuation is required. |
| Buyer’s agent | Advisory fee | Often 1% to 2.5% of the purchase price if you use one. On a A$900,000 Perth property, this can be about A$9,000 to A$22,500, or about US$6,300 to US$15,800. |
| Foreign buyers duty | Extra tax | Foreign buyers may pay an extra 7% of the dutiable value in Western Australia. On a A$900,000 property, this is about A$63,000, or about US$44,000. |
| Light renovation | Renovation | Usually around A$20,000 to A$70,000, or about US$14,000 to US$49,000. This might cover paint, floors, appliances, lighting, and small repairs. |
| Medium renovation | Renovation | Usually around A$80,000 to A$250,000, or about US$56,000 to US$176,000. This might include bathrooms, kitchen work, flooring, and layout improvements. |
| Major renovation or extension | Renovation | Often A$300,000 to A$900,000+, or about US$211,000 to US$632,000+. This is common when buyers extend older homes or rebuild large parts of the property. |
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 US$100,000, or about A$142,000, there is not really a normal residential purchase market in Perth in 2026, except possibly a very restricted over-55s unit, a very small studio-style product, or a deposit for a more normal entry apartment.
With US$200,000, or about A$285,000, Perth options are still very limited, but you may find an older studio in Perth CBD or East Perth, a small 1-bedroom unit in Midland or Armadale, or an over-55s unit in outer Perth, usually existing rather than new construction.
With US$300,000, or about A$427,000, Perth becomes more realistic, with examples such as a 45 to 55 sq m 1-bedroom apartment in Perth CBD, a 60 to 75 sq m older 2-bedroom unit in Midland, or a small 55 to 75 sq m villa-style unit in Armadale or Gosnells, all usually existing homes.
With US$500,000, or about A$712,000, a buyer can look at a 70 to 85 sq m 2-bedroom apartment in Maylands, a 90 to 120 sq m 3-bedroom villa or townhouse in Gosnells or Midland, or an older 100 to 140 sq m 3-bedroom house in Armadale, Kwinana, or the outer south-east.
With US$1,000,000, or about A$1.424 million, a buyer can look at a 180 to 240 sq m 4-bedroom family house in Morley, a 130 to 170 sq m townhouse in Subiaco or Victoria Park, or a 160 to 220 sq m house around Scarborough fringe, Innaloo, or South Perth fringe.
With US$2,000,000, or about A$2.847 million, a buyer enters the Perth prestige market, with examples such as a 220 to 320 sq m renovated family house in City Beach or Wembley Downs, a 180 to 280 sq m coastal house or luxury townhouse in Cottesloe, or a 240 to 350 sq m river-area home in Applecross, Nedlands, or the Dalkeith fringe.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Australia.
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 | Why this source matters | How we used it |
|---|---|---|
| REIWA Perth Metro market data | REIWA is Western Australia’s main real estate institute and uses Landgate transaction data for Perth market medians. | We used REIWA as the main settled-sales benchmark for Perth house and unit medians. We also used it to avoid relying only on asking prices. |
| Landgate | Landgate is the Western Australian land information authority and is a core source for property transaction records. | We treated Landgate-linked sales data as the strongest base for closed Perth sales. We used it through REIWA’s public Perth Metro reporting. |
| Western Australian Department of Treasury and Finance housing market page | This is a WA Government dashboard that summarises housing indicators for the state and Perth market. | We used the WA Government page to check Perth price levels and supply pressure. We used it as a government sanity check beside REIWA data. |
| Australian Bureau of Statistics, Total Value of Dwellings | ABS is Australia’s official statistics agency, so it is one of the strongest sources for national and state dwelling values. | We used ABS to anchor the mean dwelling value for Western Australia. We did not use ABS for suburb detail because the release is not suburb-level. |
| Cotality/CoreLogic Perth Home Value Index, cited by Which Real Estate Agent | Cotality, formerly CoreLogic, is one of Australia’s best-known property data providers. | We used the Cotality/CoreLogic numbers for current Perth dwelling, house, and unit value estimates. We compared those index values with REIWA settled-sale medians. |
| OpenAgent Perth property market data | OpenAgent publishes readable Perth market data and cites major property data providers such as Cotality. | We used OpenAgent to understand vendor discounting and selling speed. We used these figures to explain why sale prices are close to asking prices. |
| PropTrack Home Price Index | PropTrack is REA Group’s data arm and publishes repeat-observation price index research. | We used PropTrack as a third check on Perth price growth. We did not use it as the main source because the public detailed page was from March 2026. |
| WA Revenue transfer duty assessment | This is the official WA Government source for transfer duty rules. | We used it to estimate stamp duty and buyer transaction costs in Perth. We treated it as the main legal source for standard duty. |
| WA foreign buyers duty | This is the official WA Government source for the foreign-buyer surcharge in Western Australia. | We used it to flag the extra 7% duty that can apply to foreign buyers. We kept our main examples as standard buyer examples and noted the foreign-buyer add-on separately. |
| REIWA stamp duty calculator | REIWA’s calculator is a practical tool that reflects WA duty thresholds and common buyer costs. | We used it to cross-check WA transfer duty examples. We still treated WA Revenue as the primary source for duty rules. |
| Reserve Bank of Australia exchange rates page | The Reserve Bank of Australia is the official central-bank source for Australian exchange-rate series. | We used it as the official reference for AUD exchange-rate methodology. We used readable daily exchange-rate history pages for the latest simple conversions. |
| Exchange-rates.org AUD to USD history | Exchange-rates.org provides accessible historical exchange-rate observations for quick currency checks. | We used the 9 June 2026 AUD/USD observation for simple US dollar conversions. We rounded the converted amounts so readers can process the figures quickly. |
| Wise AUD to EUR exchange rate page | Wise is a widely used foreign-exchange reference for consumer-friendly currency comparisons. | We used Wise as a readable cross-check for the AUD/EUR conversion near 9 June 2026. We used rounded euro amounts throughout the article. |
| ABS CPI, April 2026 | ABS is the official source for Australian inflation data. | We used the April 2026 CPI rate to understand the real change in Perth housing prices. We used it only for simple inflation-adjusted context. |
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