As of June 2026, a typical apartment in Perth costs about A$765,000, which is roughly US$500,000 or €460,000, but a foreign buyer should often budget closer to A$865,000 once WA transfer duty, foreign buyer duty, FIRB fees and basic purchase costs are included.
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We constantly update this blog post so the Perth apartment prices, taxes and ownership costs stay as close as possible to the real market in 2026.
Perth apartments are still cheaper than detached houses, but the gap has narrowed quickly because apartment prices in Perth rose very fast in 2025 and early 2026.
For a foreign buyer, the main point is simple: the apartment price is only the starting number, not the full amount needed to buy 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 apartment prices in 2026 are rising faster than many buyers expect, with Domain and NAB/Cotality both showing annual unit growth close to 28% by March and April 2026.
- A foreign buyer looking at a A$765,000 Perth apartment should not think in A$765,000 terms, because the realistic all-in budget is closer to A$860,000 to A$890,000.
- The 7% WA foreign buyer duty is the biggest extra cost for many non-resident buyers, because it adds about A$53,500 on a typical Perth apartment purchase.
- Perth CBD apartments can look cheap at first sight, but high strata levies, older towers and weak building funds can make the real ownership cost much higher.
- Maylands, Victoria Park and Rivervale are still useful Perth apartment markets for budget buyers, because they offer transport access without South Perth or Subiaco pricing.
- New-build apartments in Perth usually cost 15% to 30% more than similar resale apartments, partly because construction costs remain high and new supply is limited.
- A standard two-bedroom Perth apartment often costs around A$700,000 in 2026, but the same format can pass A$1 million in river, beach or luxury tower locations.
- Strata levies are one of the most important Perth apartment costs to check, because lifts, pools, façades, insurance and fire systems can change the investment result.
- Perth apartments still offer a lower entry point than houses, but the easy bargains are mostly gone in well-located suburbs near the CBD, river and train lines.
How much do apartments really cost in Perth in 2026?
What's the average and median apartment price in Perth in 2026?
As of June 2026, the estimated median apartment price in Perth is about A$765,000, which is roughly US$500,000 or €460,000, while the estimated average apartment price in Perth is about A$790,000, or around US$515,000 and €475,000.
For price per square meter, a normal Perth apartment in 2026 usually costs about A$8,300 to A$9,200 per m², or about US$5,400 to US$6,000 and €5,000 to €5,500 per m², which equals about A$770 to A$855 per sq ft, or US$500 to US$555 and €460 to €515 per sq ft.
Most standard Perth apartments in 2026 sit between about A$500,000 and A$950,000, or roughly US$325,000 to US$620,000 and €300,000 to €570,000, with studios and older one-bedroom units below that range and prime river or beach apartments above it.
Sources and methodology: we compared Domain, NAB/Cotality and realestate.com.au bedroom medians.
We then checked the direction of the market with REIWA Perth metro data and WA Government housing data.
We used our own Perth apartment model to round the June 2026 number instead of copying one source mechanically.
How much is a studio apartment in Perth in 2026?
As of June 2026, a typical studio apartment in Perth costs about A$430,000, which is roughly US$280,000 or €260,000.
For a realistic Perth studio range in 2026, entry-level and mid-range studios usually cost about A$350,000 to A$470,000, or US$230,000 to US$305,000 and €210,000 to €280,000, while better studios in stronger buildings or river-side locations can reach about A$500,000 to A$550,000, or US$325,000 to US$360,000 and €300,000 to €330,000.
Most studio apartments in Perth are about 35 m² to 50 m², so the buyer is often paying for location, parking, building quality and rental appeal more than for a large floor plan.
Sources and methodology: we started with realestate.com.au Perth suburb data, Domain and REIWA.
We scaled studio prices from one-bedroom medians and checked current Perth CBD, East Perth, West Perth and Maylands listing patterns.
We also used our own size and price-per-m² checks to avoid overstating small-apartment values.
How much is a one-bedroom apartment in Perth in 2026?
As of June 2026, a typical one-bedroom apartment in Perth costs about A$520,000, which is roughly US$340,000 or €310,000.
In practical terms, entry-level and mid-range one-bedroom apartments in Perth usually cost about A$450,000 to A$580,000, or US$295,000 to US$380,000 and €270,000 to €350,000, while high-end one-bedroom apartments in better buildings can reach about A$650,000 to A$750,000, or US$425,000 to US$490,000 and €390,000 to €450,000.
A typical one-bedroom apartment in Perth is about 50 m² to 70 m², with smaller CBD units at the lower end and larger East Perth, West Perth or South Perth apartments at the higher end.
Sources and methodology: we used realestate.com.au, Domain and NAB/Cotality.
We treated the REA one-bedroom median as the anchor and adjusted it for the June 2026 Perth market.
We checked the result against our own Perth apartment floor-size and suburb-price analysis.
How much is a two-bedroom apartment in Perth in 2026?
As of June 2026, a typical two-bedroom apartment in Perth costs about A$700,000, which is roughly US$455,000 or €420,000.
For most buyers, entry-level and mid-range two-bedroom apartments in Perth cost about A$600,000 to A$780,000, or US$390,000 to US$510,000 and €360,000 to €470,000, while high-end two-bedroom apartments in South Perth, Subiaco, Burswood, Applecross or Scarborough can sit between about A$850,000 and A$1.15 million, or US$555,000 to US$750,000 and €510,000 to €690,000.
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Perth.
Sources and methodology: we compared realestate.com.au, Domain and NAB/Cotality.
We used the REA two-bedroom median as a suburb-level check against the broader citywide unit numbers.
We then adjusted the final Perth estimate using our own suburb and building-quality analysis.
How much is a three-bedroom apartment in Perth in 2026?
As of June 2026, a typical three-bedroom apartment in Perth costs about A$950,000, which is roughly US$620,000 or €570,000.
A realistic entry-level to mid-range three-bedroom apartment in Perth usually costs about A$850,000 to A$1.15 million, or US$555,000 to US$750,000 and €510,000 to €690,000, while luxury three-bedroom apartments in river, beach or prestige suburbs can reach about A$1.3 million to A$2 million or more, or US$845,000 to US$1.3 million and €780,000 to €1.2 million.
Most three-bedroom apartments in Perth are about 95 m² to 140 m², although luxury river-view or beach-side apartments can be much larger and priced more like prestige homes than standard units.
Sources and methodology: we used realestate.com.au, REIWA and Domain.
We used the three-bedroom median as a base and checked premium suburbs such as South Perth, Applecross, Cottesloe and Subiaco.
We used our own Perth apartment model to separate normal three-bedroom stock from luxury downsizer stock.
What's the price gap between new and resale apartments in Perth in 2026?
As of June 2026, new-build apartments in Perth are typically about 15% to 30% more expensive than comparable resale apartments in the same suburb.
A realistic average price for new-build apartments in Perth is about A$9,800 to A$12,500 per m², or US$6,400 to US$8,100 and €5,900 to €7,500 per m², especially in modern buildings with lifts, parking, amenities and stronger energy standards.
By comparison, resale apartments in Perth usually average about A$7,700 to A$9,300 per m², or US$5,000 to US$6,000 and €4,600 to €5,600 per m², but the resale number changes a lot with building age, strata costs and location.
Sources and methodology: we compared Domain, NAB/Cotality and Cotality methodology.
We also checked Perth listing evidence and REIWA commentary on supply, buyer demand and price growth.
We used our own new-versus-resale comparison because public sources rarely publish a clean Perth apartment split.
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Can I afford to buy in Perth in 2026?
What's the typical total budget (all-in) to buy an apartment in Perth in 2026?
As of June 2026, a foreign buyer should budget about A$865,000, or roughly US$565,000 and €520,000, to buy a standard A$765,000 apartment in Perth once the main acquisition costs are included.
This all-in Perth apartment budget usually includes the purchase price, WA transfer duty, the 7% WA foreign transfer duty, FIRB application fees, settlement costs, Landgate fees, inspections and a small buffer for lender or bank costs.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Perth property pack.
Sources and methodology: we used REIWA's WA stamp duty calculator, RevenueWA and ATO foreign investor fee guidance.
We also checked Landgate transaction fees and normal Perth settlement-agent cost ranges.
We rounded the result because exact costs depend on the contract price, buyer status and property type.
What down payment is typical to buy in Perth in 2026?
As of June 2026, a typical foreign buyer down payment for a Perth apartment is 20% to 30% of the purchase price, so on a A$765,000 apartment that means about A$153,000 to A$230,000, or US$100,000 to US$150,000 and €92,000 to €138,000.
Most lenders that work with foreign buyers in Perth will usually want at least a 20% deposit, and some lenders may ask for more if the buyer has foreign income, limited Australian credit history or a complex visa situation.
A safer target is often a 30% deposit, because a larger deposit can reduce lender risk, improve the mortgage conversation and leave more room for WA taxes, FIRB fees and settlement costs.
Sources and methodology: we used ATO foreign investor guidance, RevenueWA and REIWA duty guidance.
We separated the deposit from taxes because many first-time foreign buyers confuse the two amounts.
We used our own buyer-budget model to estimate the cash needed before and during settlement.
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Which neighborhoods are cheapest or priciest in Perth in 2026?
How much does the price per m² for apartments vary by neighborhood in Perth in 2026?
As of June 2026, apartment prices in Perth vary from about A$6,500 to A$15,500 per m², or roughly US$4,200 to US$10,100 and €3,900 to €9,300 per m², depending on suburb, building age, views and strata quality.
The most affordable Perth apartment suburbs usually include Maylands, Victoria Park, East Victoria Park, Rivervale, Belmont and Glendalough, where standard apartments often sit around A$6,500 to A$8,200 per m², or US$4,200 to US$5,300 and €3,900 to €4,900 per m².
The most expensive Perth apartment suburbs usually include Cottesloe, South Perth, Applecross, Subiaco, Scarborough and premium East Perth river pockets, where better apartments often sit around A$10,000 to A$15,500 per m², or US$6,500 to US$10,100 and €6,000 to €9,300 per m².
Sources and methodology: we checked realestate.com.au, REIWA Perth metro data and Domain.
We focused on apartment-heavy suburbs rather than house-heavy suburbs, because this article is only about apartments.
We used our own suburb grid to estimate price per m² where public sources gave prices but not floor areas.
What neighborhoods are best for first-time buyers on a budget in Perth in 2026?
As of June 2026, the top three Perth neighborhoods for first-time apartment buyers on a budget are Maylands, Victoria Park and Rivervale.
In these budget-friendly Perth suburbs, a typical apartment often costs about A$470,000 to A$700,000, or roughly US$305,000 to US$455,000 and €280,000 to €420,000, depending on bedrooms, parking and building condition.
Maylands offers train access and a village feel, Victoria Park offers food, rental demand and bus links, and Rivervale offers better value near the river, airport employment and the CBD corridor.
The main trade-off is that budget apartments in these Perth suburbs can come with older buildings, smaller floor plans, main-road noise or higher future maintenance risk, so the strata records matter a lot.
Sources and methodology: we used REIWA, realestate.com.au and WA Government housing data.
We filtered suburbs for apartment supply, transport access, entry price and rental demand.
We then checked each suburb through our own buyer-risk lens, especially strata levies and building age.
Which neighborhoods have the fastest-rising apartment prices in Perth in 2026?
As of June 2026, the fastest-rising apartment price areas in Perth are likely East Perth, West Perth and Maylands, with South Perth, Burswood, Victoria Park, Scarborough and Applecross also showing strong pressure.
A fair estimate is that apartment prices in these faster Perth markets rose about 20% to 35% year on year by mid-2026, with the strongest buildings and smaller low-supply pockets sometimes moving faster.
The main driver is affordability pressure: many Perth buyers can no longer reach detached houses, so demand has moved into apartments near the CBD, river, beaches, train lines and lifestyle strips.
Sources and methodology: we used Domain, NAB/Cotality and REIWA's 2026 forecast.
We compared citywide unit growth with suburb-level apartment demand and listing evidence.
We used our own neighborhood ranking because public data often mixes units, villas and townhouses.
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What extra costs will I pay on top of the apartment price in Perth in 2026?
What are all the buyer closing costs when you buy an apartment in Perth?
For a typical A$765,000 Perth apartment in 2026, a foreign buyer should expect total buyer closing costs of about A$95,000 to A$125,000, or roughly US$62,000 to US$81,000 and €57,000 to €75,000.
The main Perth apartment closing costs are WA transfer duty, 7% WA foreign transfer duty, FIRB application fees, settlement-agent fees, Landgate fees, title checks, inspections, strata-record reviews and possible loan costs.
The largest closing cost for a foreign buyer in Perth is usually the 7% WA foreign transfer duty, while the largest cost for an Australian resident buyer is usually standard WA transfer duty.
Some costs can vary, such as conveyancing, inspections, loan fees and buyer-agent fees, but WA duty, foreign duty and FIRB fees are statutory costs that the buyer should not ignore.
Sources and methodology: we used RevenueWA, REIWA and ATO fee guidance.
We also used Landgate for title and registration costs.
We rounded the Perth closing-cost range because the exact FIRB fee and duty bill depend on the final purchase price.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Perth?
For a local buyer, Perth apartment closing costs in 2026 are usually about 4.5% to 6.0% of the purchase price, while a foreign buyer usually needs about 12% to 16% once WA foreign duty and FIRB fees are included.
A realistic low-to-high range for most standard Perth apartment transactions is about 4% to 7% for Australian resident buyers and about 11% to 17% for foreign buyers, depending mainly on buyer status, property value and FIRB treatment.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Perth.
Sources and methodology: we used RevenueWA, Australian Treasury foreign investment fees and Landgate.
We tested the percentage range on a A$765,000 Perth apartment and then rounded it for readability.
We kept foreign-buyer costs separate because foreign duty changes the whole affordability picture.
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What are the ongoing monthly and yearly costs of an apartment in Perth in 2026?
What are typical HOA fees in Perth right now?
In Perth, HOA fees are usually called strata levies, and a typical two-bedroom apartment owner in 2026 should budget about A$270 to A$600 per month, or roughly US$175 to US$390 and €160 to €360.
For basic Perth apartment buildings, strata levies can be about A$170 to A$300 per month, or US$110 to US$195 and €100 to €180, while lift buildings, CBD towers and amenity-rich buildings can easily reach A$650 to A$1,000 or more per month, or US$425 to US$650 and €390 to €600.
Sources and methodology: we used REIWA, Perth listing evidence and Landgate strata guidance.
We converted quarterly Perth strata levies into monthly amounts to make the numbers easier for buyers.
We also used our own strata-cost checks across CBD, East Perth, South Perth, Burswood and older walk-up buildings.
What utilities should I budget monthly in Perth right now?
As of June 2026, a typical Perth apartment owner or tenant should budget about A$230 to A$380 per month for utilities, or roughly US$150 to US$250 and €140 to €230.
A low-use one-bedroom apartment may stay near A$180 per month, or US$120 and €110, while a larger or poorly insulated apartment using air conditioning heavily can pass A$450 per month, or US$295 and €270.
The typical Perth utility budget includes electricity, internet, gas if connected, water usage and any owner-paid water or service component that is not fully passed to the tenant.
Electricity is usually the most expensive Perth apartment utility because summer air conditioning can push bills higher, especially in west-facing apartments or older buildings.
Sources and methodology: we used Water Corporation, Water Corporation usage charges and WA electricity tariff benchmarks.
We separated owner costs from tenant-paid utilities because Perth leases do not always treat every item the same way.
We used our own monthly budget model for a normal one-bedroom and two-bedroom Perth apartment.
How much is property tax on apartments in Perth?
For an owner-occupied Perth apartment in 2026, the closest recurring property tax is usually council rates plus the Emergency Services Levy, and a typical annual budget is about A$1,500 to A$2,800, or US$980 to US$1,820 and €900 to €1,680.
City of Perth rates are based on the property’s gross rental value, while the Emergency Services Levy is collected through council rates and is charged under state rules.
A realistic Perth apartment range is about A$1,200 to A$3,500 per year, or US$780 to US$2,275 and €720 to €2,100, with higher-value inner-city, river or prestige apartments often paying more.
Sources and methodology: we used City of Perth rates, DFES ESL guidance and WA Government housing data.
We used City of Perth as the inner-city reference point, but each council sets its own rates.
We rounded the estimate because council rates depend on gross rental value, council area and annual budgets.
What's the yearly building maintenance cost in Perth?
For most Perth apartment owners in 2026, yearly building maintenance is mostly paid through strata levies, and a normal annual cost is about A$3,200 to A$7,200, or US$2,100 to US$4,700 and €1,900 to €4,300.
Older low-rise Perth apartment blocks may cost about A$2,000 to A$4,000 per year, or US$1,300 to US$2,600 and €1,200 to €2,400, while newer towers or lift buildings can cost A$6,000 to A$10,000 or more, or US$3,900 to US$6,500 and €3,600 to €6,000.
Perth apartment maintenance usually covers common-area cleaning, insurance, lifts, gardens, fire systems, building repairs, management fees, sinking funds and larger future works.
These building maintenance costs are normally included in strata levies, but owners may still need to pay separately for repairs inside their own apartment and any special levies approved by the strata company.
Sources and methodology: we used Landgate strata guidance, REIWA and Perth apartment listing disclosures.
We checked older walk-ups, mid-rise apartments and modern towers separately because their cost profiles are very different.
We used our own strata-risk model to highlight special levies and long-term maintenance plans.
How much does home insurance cost in Perth?
As of June 2026, a Perth apartment owner usually pays building insurance through strata levies, while separate contents or landlord insurance typically costs about A$350 to A$1,000 per year, or US$230 to US$650 and €210 to €600.
A realistic annual range is about A$350 to A$700 for contents insurance and about A$500 to A$1,000 for landlord insurance, or around US$230 to US$650 and €210 to €600 depending on cover level and tenant risk.
Home insurance is not always legally mandatory for a cash buyer, but apartment building insurance is normally arranged by the strata company, and lenders usually expect the property to be properly insured.
Sources and methodology: we used Landgate strata guidance, Perth insurer benchmarks and REIWA market context.
We separated building insurance from contents and landlord insurance because Perth apartment buyers often mix these costs together.
We rounded the range because insurance depends on cover level, excess, claims history and whether the property is rented.
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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 | Why we trust it | How we used it |
|---|---|---|
| Australian Bureau of Statistics, Total Value of Dwellings | ABS is Australia’s official statistical agency. | We used it to check whether WA housing growth was visible in official data. We treated it as a macro source, not a suburb-price source. |
| WA Government, Department of Treasury and Finance Housing Market | It is the WA Government’s own housing-market dashboard. | We used it to confirm Perth’s tight supply and rental conditions. We used it as market context for apartment demand. |
| REIWA Perth metro market data | REIWA is the main property institute in Western Australia. | We used it to cross-check local sales, rental and vacancy conditions. We also used it to understand Perth market momentum. |
| REIWA 2026 Perth market forecast | It gives local WA commentary from an industry body. | We used it to check the direction of 2026 price growth. We did not use it alone for final price estimates. |
| Domain March 2026 House Price Report | Domain is a major Australian property data provider. | We used it for Perth unit median and annual unit growth. We compared it with NAB/Cotality before setting our June estimate. |
| NAB Perth Property Market Insights, April 2026 | NAB uses Cotality data in a focused Perth report. | We used it for the April 2026 Perth unit-value benchmark. We also used it for market speed and tight-listing context. |
| Cotality Australia indices methodology | Cotality is a widely used Australian property-index provider. | We used it to understand the indexed-value method behind NAB’s data. We did not use it for buyer taxes or closing costs. |
| realestate.com.au Perth suburb profile | REA is Australia’s largest residential property portal. | We used it for bedroom-count medians in Perth. We treated it as market evidence, not official government data. |
| REIWA WA stamp duty calculator | It presents WA transfer-duty brackets in buyer-friendly form. | We used it to estimate WA transfer duty on typical apartment purchases. We checked its logic against official tax rules. |
| RevenueWA foreign transfer duty | RevenueWA is the official WA tax authority. | We used it for the 7% foreign transfer duty on WA residential property. We highlighted it because the target reader is foreign. |
| Australian Treasury foreign investment fees | It is the official federal source for FIRB fee guidance. | We used it to flag FIRB approval and fee budgeting. We kept the exact fee value-dependent because the fee changes by property type and price. |
| ATO fees for foreign residential investors | The ATO explains foreign residential investor fees for individuals. | We used it as an updated check on foreign investor fee guidance. We used it alongside Treasury rather than as a property-price source. |
| Landgate land transaction fees | Landgate is WA’s land titles authority. | We used it for title, transfer and registration cost context. We kept these costs small compared with duty and FIRB fees. |
| Landgate strata and community titles guidance | Landgate explains WA strata ownership and title rules. | We used it to explain strata levies and apartment ownership structure. We paired it with market evidence for cost estimates. |
| City of Perth rates and payments | It is the local council source for rates and levies. | We used it to estimate council rates and Emergency Services Levy exposure. We warned that each council can differ. |
| DFES Emergency Services Levy calculator | DFES is the WA authority for the Emergency Services Levy. | We used it to check how ESL applies in Perth. We included ESL inside recurring council-related ownership costs. |
| Water Corporation service charges | Water Corporation is WA’s official water utility. | We used it to estimate annual water, sewerage and drainage service charges. We separated these from electricity and strata levies. |
| Water Corporation water use charges | It gives WA residential water use pricing. | We used it to check Perth water usage costs. We included it in the monthly utility budget. |
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