Get all the data you need about the real estate market in Perth
This article covers apartment purchase prices across Perth neighborhoods as of 2026, and we update it regularly so the data stays current.
Whether you are looking at a compact studio near the CBD or a two-bedroom apartment with river views, knowing the price differences between suburbs will save you a lot of time and guesswork.
Perth apartment prices vary widely from one suburb to the next, so this guide breaks everything down in a simple, easy-to-follow format.
And if you're planning to buy a property in Perth, you may want to download our real estate pack about Perth.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive Perth neighborhood for apartments | Cottesloe |
| Most affordable Perth neighborhood for apartments | Victoria Park |
| Average price per square meter across all Perth neighborhoods | A$9,200/m² |
| Median apartment price across Perth | A$702,000 |
| Lowest realistic starting budget to buy a Perth apartment | A$331,000 |
| Most expensive apartment type in Perth (by bedroom count) | Three-bedroom apartments |
| Most affordable apartment type in Perth (by bedroom count) | Studio apartments |
| Average price for a Perth studio apartment | A$390,000 |
| Average price for a Perth one-bedroom apartment | A$520,000 |
| Average price for a Perth two-bedroom apartment | A$728,000 |
| Price gap between the most and least expensive Perth neighborhood | A$8,200/m² (Cottesloe vs Victoria Park) |
| Price range across Perth apartment neighborhoods | A$7,000/m² to A$15,200/m² |
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Perth neighborhoods in 2026 ranked by apartment purchase price
This table ranks the top neighborhoods in the Perth apartment market by purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median property price, the starting budget, the average price for a studio apartment, a one-bedroom apartment, and a two-bedroom apartment, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you'll find much more detailed data in our real estate pack about Perth.
| Rank | Neighborhood | Average Price per Square Meter | Median Property Price | Starting Budget | Average Price for a Studio Apartment | Average Price for a One-Bedroom Apartment | Average Price for a Two-Bedroom Apartment | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cottesloe | A$15,200/m² | A$1,270,000 | A$533,000 | A$609,000 | A$650,000 | A$1,340,000 | Wealthy downsizers seeking a beachside prestige address | Beachside prestige, scarce apartment stock and strong downsizer demand that supports long-term value | Very high entry costs and limited apartment choice make buying slow and competitive | Luxury |
| 2 | Nedlands | A$10,700/m² | A$870,000 | A$517,000 | A$429,000 | A$630,000 | A$840,000 | Medical professionals and downsizers near hospitals and UWA | Close to major hospitals, UWA and the river, with steady appeal to professionals and downsizers | Older apartment stock is common, and premium pockets create big price gaps within the suburb | Premium |
| 3 | Subiaco | A$10,400/m² | A$776,000 | A$457,000 | A$415,000 | A$557,000 | A$790,000 | Urban professionals looking for walkability and rail access | Walkable village feel, train access and strong local amenity make apartments easy to live in and resell | Boutique supply keeps good apartments tightly held and often expensive for their size | Premium |
| 4 | South Perth | A$10,300/m² | A$850,000 | A$453,000 | A$413,000 | A$552,000 | A$725,000 | City-view upgraders who want the river and the skyline at once | Riverfront lifestyle, city views and short CBD access keep apartment demand broad and resilient | Traffic and premium pockets can push prices well above the suburb-wide apartment average | Premium |
| 5 | Leederville | A$9,300/m² | A$790,000 | A$451,000 | A$371,000 | A$550,000 | A$781,000 | Inner-city professionals drawn to the entertainment strip | Highly walkable entertainment precinct with station access and persistent appeal to owner-occupiers | Limited apartment stock means buyers may wait longer and still pay a premium | Premium |
| 6 | Como | A$8,800/m² | A$765,000 | A$458,000 | A$352,000 | A$558,000 | A$700,000 | Local upgrader buyers seeking better value than riverfront suburbs | Close to South Perth and Curtin routes, with calmer streets and better value than its riverfront neighbors | Quality varies a lot between older walk-ups and newer complexes, so careful selection matters | Mid-Market |
| 7 | West Perth | A$8,400/m² | A$618,500 | A$398,000 | A$334,000 | A$485,000 | A$680,000 | Lock-up-and-leave buyers who want Kings Park and CBD access | Next to Kings Park and the CBD, with many modern apartments suited to lock-up-and-leave living | Some streets feel business-oriented after hours, and apartment quality varies building by building | Mid-Market |
| 8 | East Perth | A$8,300/m² | A$630,000 | A$385,000 | A$334,000 | A$470,000 | A$655,000 | CBD lifestyle buyers attracted to waterfront precincts and newer towers | Waterfront precincts, newer towers and immediate CBD access attract both owner-occupiers and investors | High-rise supply can make some buildings feel interchangeable and strata costs can be heavy | Mid-Market |
| 9 | Mount Lawley | A$8,300/m² | A$615,000 | A$396,000 | A$331,000 | A$483,000 | A$626,000 | Cafe-strip professionals who value Beaufort Street's lifestyle appeal | Beaufort Street amenity and character streets give apartments stronger lifestyle appeal than many comparable Perth suburbs | Apartment supply is thinner than in CBD areas, so the best stock can disappear fast | Mid-Market |
| 10 | Perth CBD | A$8,300/m² | A$600,000 | A$402,000 | A$331,000 | A$490,000 | A$650,000 | CBD professionals who want maximum transport and amenity access | Best transport access in Perth, with dense amenity and one of the deepest apartment markets in the city | Noise, a transient feel and strata differences mean buyers must screen buildings carefully | Mid-Market |
| 11 | Maylands | A$7,200/m² | A$584,500 | A$344,000 | A$289,000 | A$420,000 | A$570,000 | Value-seeking professionals who want train access without premium pricing | Creative village feel, train access and relative value attract both owner-occupiers and landlords | Some apartment pockets are uneven in finish and maintenance, so due diligence is important | Affordable |
| 12 | Victoria Park | A$7,000/m² | A$530,000 | A$331,000 | A$280,000 | A$404,000 | A$530,000 | First-home buyers who need the lowest realistic entry point close to the CBD | Strong cafe strip, short city commute and lower price points make apartment buying more accessible | Main-road traffic and mixed building quality can create sharp differences between complexes | Affordable |
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Key insights about apartment purchase prices in Perth
Insights
- Cottesloe sits in a league of its own: at A$15,200/m², it costs more than twice the price per square meter of Victoria Park at A$7,000/m², which is a huge gap for two suburbs that are both inside the greater Perth area.
- The Perth CBD is not the most expensive apartment market in Perth. Despite having the deepest supply of apartments in the city, it sits at A$8,300/m², well below Nedlands, Subiaco and South Perth.
- Leederville's high pricing is driven more by scarcity than by apartment size or quality. With limited apartment stock and strong owner-occupier demand, buyers pay a premium that is harder to justify on pure metrics alone.
- West Perth, East Perth, Mount Lawley and Perth CBD are all priced at around A$8,300/m², meaning the choice between them comes down to lifestyle fit rather than price difference.
- South Perth's two-bedroom apartments at A$725,000 are actually cheaper than Subiaco's at A$790,000, but South Perth three-bedroom apartments tend to jump much higher due to riverfront positioning.
- Maylands and Victoria Park offer apartment entry budgets below A$345,000, making them two of Perth's most accessible suburbs for first-time buyers who still want to be close to the city.
- In Perth's premium suburbs, the price jump from a one-bedroom to a two-bedroom apartment is much steeper than in mid-market suburbs, reflecting strong demand from downsizers and upgraders who want the extra space.
- Perth's apartment market by 2026 had become very compressed at the affordable end: even the cheapest neighborhoods in this list sit within a short commute of the CBD, reflecting years of tight supply and sustained demand.
- Como offers a meaningful step down from South Perth in price per square meter (A$8,800 vs A$10,300) while still giving buyers access to similar Canning Highway and river-adjacent amenity.
- Nedlands one-bedroom apartments average A$630,000, which is higher than the one-bedroom average for the Perth CBD at A$490,000, largely driven by proximity to hospitals, UWA and the river foreshore.
- In Perth, lifestyle-led suburbs like Leederville and Subiaco consistently carry stronger apartment premiums than pure CBD convenience. Walkability and street-level amenity matter more to Perth buyers than central address alone.
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About our methodology
Apartment purchase prices in Perth vary significantly by suburb, bedroom count and building type, so we applied a careful and consistent methodology to make this data as useful and reliable as possible.
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Perth.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources for Perth apartment pricing, not random listings or unsupported figures. More on that point below.
For each Perth neighborhood, we aggregated the freshest apartment purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median property price for each neighborhood across the Perth apartment market.
We also calculated the starting budget, which represents the lowest realistic entry point to buy an apartment in that Perth neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard apartment purchase.
For each apartment category, we estimated an average purchase price based on local Perth market conventions. The typical size and layout of a studio, a one-bedroom, and a two-bedroom apartment can vary across Perth neighborhoods, so we adapted our estimates accordingly. As a general reference, we used approximately 40 sqm for a studio, 55 sqm for a one-bedroom, 85 sqm for a two-bedroom, and 115 sqm for a three-bedroom apartment.
These estimates were not applied as one flat number across the city. They were adjusted by neighborhood and apartment type to better reflect local Perth ownership conditions and price levels.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Perth.
What sources have we used to write this article about Perth apartment prices?
Whether it's in our blog articles or the market analyses included in our real estate pack about Perth, we rely on verifiable sources and a transparent methodology.
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 it's authoritative | How we used it |
|---|---|---|
| Australian Bureau of Statistics (ABS) - Average Floor Area of New Residential Dwellings | The ABS is Australia's national statistics office, making it the most reliable source for residential building size data in the country. | We used it to anchor our apartment sizing assumptions across Perth suburbs. We also used it to keep our bedroom-size estimates realistic when deriving comparable price-per-square-meter figures. |
| WA Department of Treasury and Finance - Housing Market | This is an official Western Australian government source that publishes updated housing market indicators on a regular basis. | We used it to set the broader Perth market context as of early 2026. We also used it to confirm that Perth was still operating in a tight supply environment around the time of writing. |
| Cotality - Monthly Home Value Index | Cotality is one of Australia's best-known residential property data providers, with a widely used monthly chart pack covering all major cities. | We used it to cross-check the wider direction of Perth apartment values in early 2026. We also used it to confirm that Perth remained one of the strongest large-city housing markets entering April 2026. |
| REIWA - Cottesloe Suburb Profile | REIWA is the main WA real estate industry body, and its suburb profiles draw directly on Landgate transaction data. | We used it for Cottesloe apartment median prices and one-bedroom, two-bedroom and three-bedroom unit price references. We also used it to understand the local market character and buyer profile of this beachside suburb. |
| REIWA - Nedlands Suburb Profile | REIWA provides suburb-level transaction-based pricing that is directly relevant for Perth buyers looking at the Nedlands apartment market. | We used it for Nedlands apartment median prices and bedroom-level unit pricing. We also used it to frame the suburb's medical and university-driven demand profile. |
| REIWA - Subiaco Suburb Profile | REIWA is a standard reference point for suburb-level pricing across Perth, with data sourced from verified market transactions. | We used it for Subiaco apartment median prices and unit prices by bedroom count. We also used it to support the suburb's walkable, rail-linked inner-city profile. |
| REIWA - South Perth Suburb Profile | REIWA provides suburb pricing sourced from Landgate and WA market activity, making it reliable for South Perth apartment comparisons. | We used it for South Perth apartment median prices and bedroom-level unit pricing. We also used it to anchor the suburb's riverfront and city-view positioning in our analysis. |
| REIWA - East Perth Suburb Profile | REIWA provides direct local pricing and suburb descriptors for East Perth, which is one of Perth's most active apartment markets. | We used it for East Perth apartment median prices and one-bedroom, two-bedroom and three-bedroom unit references. We also used it to frame East Perth as a high-rise and waterfront apartment market. |
| REIWA - Maylands Suburb Profile | REIWA gives suburb-level transaction-based pricing that is highly relevant for buyers looking at Perth's more affordable inner-ring apartment areas. | We used it for Maylands apartment median prices and its unit price ladder by bedroom count. We also used it to represent one of Perth's most accessible entry-level apartment suburbs. |
| REIWA - Victoria Park Suburb Profile | REIWA is a trusted WA pricing reference with suburb-specific data drawn from verified sales transactions. | We used it for Victoria Park apartment median prices and unit prices by bedroom count. We also used it to represent the most affordable apartment market in this Perth comparison. |
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