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 house prices have risen sharply over the past two years, and the market remains tight with limited listings and fast sales.
Foreign buyers face significant restrictions right now, including a federal ban on purchasing established dwellings that runs until March 2027.
We constantly update this blog post to reflect the latest data and market conditions 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.
How much do houses cost in Perth as of 2026?
What's the median and average house price in Perth as of 2026?
As of early 2026, the median house price in Perth sits around A$850,000 (approximately US$535,000 or €493,000), while the average house price in Perth is estimated at roughly A$930,000 (around US$586,000 or €540,000).
The typical price range that covers about 80% of house sales in Perth runs from A$650,000 to A$1.3 million (US$410,000 to US$820,000 or €377,000 to €754,000), stretching from older homes in outer suburbs up to quality family houses in sought-after school catchments.
The gap between Perth's median and average house prices exists because a smaller number of expensive coastal and river-front properties pull the average upward, which tells you this market has a long premium tail at the top end.
At Perth's median house price of A$850,000, a buyer can realistically expect a 3 or 4-bedroom house on a standard block (around 400 to 550 square meters) in a middle-ring suburb with reasonable access to schools and amenities, though not in the premium western corridor.
What's the cheapest livable house budget in Perth as of 2026?
As of early 2026, the minimum budget for a livable house in Perth is around A$500,000 to A$550,000 (approximately US$315,000 to US$345,000 or €290,000 to €320,000).
At this entry-level price in Perth, "livable" typically means an older house that needs cosmetic updates, sits on a smaller block, and lacks modern features like air conditioning or renovated kitchens, but the structure is sound and you can move in without major repairs.
These cheapest livable houses in Perth are usually found in outer suburbs like Armadale, Orelia, Parmelia, and parts of the northern growth corridor around Butler and Eglinton, where distance from the CBD and premium amenities keeps prices lower.
Wondering what you can get? We cover all the buying opportunities at different budget levels in Perth here.
How much do 2 and 3-bedroom houses cost in Perth as of 2026?
As of early 2026, the typical price for a 2-bedroom house in Perth is around A$816,000 (US$514,000 or €473,000), while a 3-bedroom house in Perth typically costs around A$777,000 (US$490,000 or €450,000).
The realistic price range for a 2-bedroom house in Perth runs from A$600,000 to A$1.1 million (US$378,000 to US$693,000 or €348,000 to €638,000), with the wide spread reflecting that many 2-bedroom houses sit in higher-value inner and coastal areas.
For a 3-bedroom house in Perth, the realistic price range is A$550,000 to A$1.0 million (US$345,000 to US$630,000 or €320,000 to €580,000), with more options available in middle and outer suburbs.
Interestingly, Perth's 2-bedroom houses often cost more than 3-bedroom houses because the smaller homes tend to concentrate in premium inner-city and coastal locations, so bedroom count alone does not determine price in this market.
How much do 4-bedroom houses cost in Perth as of 2026?
As of early 2026, the typical price for a 4-bedroom house in Perth is around A$910,000 (approximately US$573,000 or €528,000).
For a 5-bedroom house in Perth, the realistic price range is A$1.0 million to A$1.6 million (US$630,000 to US$1.0 million or €580,000 to €930,000), with the variation depending heavily on suburb, land size, and whether the home is a newer build.
A 6-bedroom house in Perth typically falls within A$1.2 million to A$2.2 million (US$756,000 to US$1.4 million or €696,000 to €1.3 million), as these larger homes usually come with bigger land parcels in premium family suburbs or near the coast.
Please note that we give much more detailed data in our pack about the property market in Perth.
How much do new-build houses cost in Perth as of 2026?
As of early 2026, a typical new-build house in Perth (house plus land package in growth areas) costs around A$900,000 to A$1.2 million (US$567,000 to US$756,000 or €522,000 to €696,000), though the house construction alone (excluding land) typically runs A$380,000 to A$650,000 depending on size and finishes.
New-build houses in Perth currently carry a premium of roughly 5% to 15% compared to similar older resale houses, because construction costs have stayed elevated due to capacity constraints and material prices, which means builders cannot discount significantly.
How much do houses with land cost in Perth as of 2026?
As of early 2026, a typical house with land in Perth ranges from A$650,000 to A$1.3 million (US$410,000 to US$820,000 or €377,000 to €754,000) for a standard family block, while houses on larger blocks or in premium locations can reach A$1.6 million to A$2.5 million or more.
In Perth, a "house with land" on a standard family block means roughly 350 to 550 square meters, while a larger block (which commands a premium of 10% to 25%) typically measures 600 to 900 square meters or more.
We cover everything there is to know about land prices in Perth here.
Thinking of buying real estate in Perth?
Acquiring property in a different country is a complex task. Don't fall into common traps – grab our guide and make better decisions.
Where are houses cheapest and most expensive in Perth as of 2026?
Which neighborhoods have the lowest house prices in Perth as of 2026?
As of early 2026, the neighborhoods with the lowest house prices in Perth include Armadale, Orelia, Parmelia, Camillo, and parts of the outer northern corridor like Girrawheen and Koondoola.
In these cheapest Perth neighborhoods, typical house prices range from A$450,000 to A$650,000 (US$285,000 to US$410,000 or €260,000 to €377,000), well below the Perth median.
These Perth neighborhoods have lower house prices primarily because they sit far from the premium western beaches and river, often have older housing stock with less appeal to cashed-up buyers, and some carry historical stigma around crime or disadvantage that keeps investor and owner-occupier demand subdued.
Which neighborhoods have the highest house prices in Perth as of 2026?
As of early 2026, the neighborhoods with the highest house prices in Perth are Peppermint Grove, Cottesloe, Dalkeith, Mosman Park, and Claremont, all located in the prestigious western suburbs corridor.
In these most expensive Perth neighborhoods, house prices typically range from A$2.5 million to A$8 million or more (US$1.6 million to US$5 million or €1.5 million to €4.6 million), with trophy waterfront homes exceeding A$10 million.
These Perth neighborhoods command the highest prices because they combine direct beach access, Swan River frontage, proximity to elite private schools like Christ Church Grammar and Methodist Ladies' College, and a concentration of heritage character homes on large blocks that cannot be replicated elsewhere.
The typical buyer in these premium Perth neighborhoods is either a successful business owner or executive seeking a prestigious family home, an interstate or overseas investor wanting blue-chip Perth real estate, or established Perth families upgrading after selling in other western suburbs.
How much do houses cost near the city center in Perth as of 2026?
As of early 2026, a house near Perth's city center (including areas like East Perth, West Perth, Northbridge, and the inner ring of Subiaco and South Perth) typically costs A$1.0 million to A$2.0 million (US$630,000 to US$1.3 million or €580,000 to €1.2 million), because freestanding houses close to the CBD are rare and land is scarce.
Houses near Perth's major transit hubs (train stations along the Joondalup, Mandurah, Midland, and Armadale lines) typically carry a 5% to 12% premium over similar houses further from stations, putting well-located transit-accessible homes in the A$700,000 to A$1.2 million range.
Houses near Perth's top-rated schools, including Perth Modern School in Subiaco, Shenton College near Shenton Park, and private schools like Christ Church Grammar and Methodist Ladies' College in Claremont, typically cost A$1.3 million to A$3 million or more (US$820,000 to US$1.9 million or €754,000 to €1.7 million).
Houses in Perth's expat-popular areas like Subiaco, South Perth, Como, Cottesloe, Scarborough, Claremont, and Mount Lawley typically range from A$1.0 million to A$2.5 million (US$630,000 to US$1.6 million or €580,000 to €1.5 million), as these neighborhoods combine lifestyle amenities, good schools, and easy CBD access that expats value.
We actually have an updated expat guide for Perth here.
How much do houses cost in the suburbs in Perth as of 2026?
As of early 2026, a typical house in Perth's outer suburbs costs A$550,000 to A$800,000 (US$345,000 to US$505,000 or €320,000 to €465,000), while middle-ring family suburbs generally range from A$800,000 to A$1.2 million.
Perth suburban houses are typically 25% to 40% cheaper than houses near the city center or in the western suburbs corridor, with the biggest discounts found in the far northern and southern growth areas where land was more recently developed.
The most popular suburbs for house buyers in Perth right now include Baldivis and Wellard in the south (for young families seeking newer homes), Butler and Alkimos in the north (for affordable house-and-land packages), and middle-ring favorites like Dianella, Morley, and Willetton (for established amenities and school access).
What areas in Perth are improving and still affordable as of 2026?
As of early 2026, the top areas in Perth that are improving and still relatively affordable for house buyers include Tuart Hill, Bassendean, Midland, High Wycombe, and parts of the Balga-Mirrabooka corridor, all showing strong buyer interest without premium-suburb price tags.
In these improving yet affordable Perth areas, current house prices typically range from A$600,000 to A$850,000 (US$378,000 to US$535,000 or €348,000 to €493,000), sitting below the metro median but rising steadily.
The main sign of improvement driving buyer interest in these Perth areas is spillover demand from nearby expensive suburbs, combined with infrastructure upgrades like the Metronet rail extensions, new shopping precincts, and urban infill that is replacing tired older stock with modern townhouses and renovated family homes.
By the way, we've written a blog article detailing what are the current best areas to invest in property 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.
What extra costs should I budget for a house in Perth right now?
What are typical buyer closing costs for houses in Perth right now?
For local buyers, typical total closing costs when purchasing a house in Perth run around 4% to 5% of the purchase price, while foreign buyers can face closing costs of 11% to 13% due to the additional foreign buyers duty.
The main closing cost categories for house buyers in Perth include transfer duty (stamp duty) at around A$35,000 on an A$850,000 house (US$22,000 or €20,000), Landgate registration and lodgement fees of A$600 to A$1,200 (US$380 to US$760 or €350 to €700), and conveyancing or settlement agent fees of A$1,500 to A$3,500 (US$950 to US$2,200 or €870 to €2,000).
The single largest closing cost for house buyers in Perth is transfer duty (stamp duty), which alone can exceed A$30,000 on a median-priced home and makes up the vast majority of your closing cost budget.
We cover all these costs and what are the strategies to minimize them in our property pack about Perth.
How much are property taxes on houses in Perth right now?
For a typical house in Perth, annual property taxes (primarily council rates) run around A$2,000 to A$3,500 per year (US$1,260 to US$2,200 or €1,160 to €2,030), depending on which council area your property sits in and its assessed rental value.
Property tax in Perth is calculated based on Gross Rental Value (GRV), which is the Valuer-General's estimate of what your property could rent for annually, and each local council applies its own cents-in-the-dollar rate to that GRV to determine your annual rates bill.
If you want to go into more details, we also have a page with all the property taxes and fees in Perth.
How much is home insurance for a house in Perth right now?
A typical annual home insurance premium for a house in Perth runs around A$1,600 to A$3,200 per year (US$1,000 to US$2,000 or €930 to €1,850), with the WA average sitting around A$2,200 according to recent industry data.
The main factors affecting home insurance premiums for houses in Perth include the rebuild cost estimate (larger or higher-spec homes cost more to insure), the property's age and construction type, its location relative to bushfire and storm risk zones, and your claims history.
What are typical utility costs for a house in Perth right now?
A typical total monthly utility cost for a house in Perth runs around A$350 to A$500 per month (US$220 to US$315 or €200 to €290), covering electricity, gas, water, and sewer.
Breaking down Perth house utility costs: water and sewer typically run A$140 to A$160 per month (around A$1,700 to A$1,900 annually), while electricity and gas combined usually cost A$180 to A$320 per month depending heavily on how much you use air conditioning during Perth's hot summers.
What are common hidden costs when buying a house in Perth right now?
Common hidden costs that house buyers in Perth often overlook can add A$3,000 to A$10,000 or more (US$1,900 to US$6,300 or €1,740 to €5,800) to your purchase, depending on the property's age and condition.
Building and pest inspection fees in Perth typically run A$500 to A$1,200 (US$315 to US$760 or €290 to €700), and skipping these to save money is risky given the potential for hidden structural or termite issues in older Perth homes.
Beyond inspections, common hidden costs when buying a house in Perth include immediate repairs revealed during inspections (roof, plumbing, wiring, damp issues), hot water system replacement if it fails shortly after purchase, air conditioning servicing or replacement (essential in Perth's climate), smoke alarm compliance upgrades, and fencing or reticulation repairs on larger blocks.
The hidden cost that tends to surprise first-time house buyers in Perth the most is air conditioning replacement or upgrade, because many older homes either lack adequate cooling or have aging split systems that fail within the first summer, and a whole-house solution can easily cost A$5,000 to A$15,000.
You will find here the list of classic mistakes people make when buying a property in Perth.
Get fresh and reliable information about the market in Perth
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
What do locals and expats say about the market in Perth as of 2026?
Do people think houses are overpriced in Perth as of 2026?
As of early 2026, the general sentiment among locals and expats is that houses in Perth feel overpriced relative to wages, though many acknowledge that strong demand and limited supply make current prices hard to avoid if you want to buy.
Houses in Perth typically stay on the market for around 10 to 20 days if well-priced, with desirable properties in affordable suburbs often selling within a week or receiving multiple offers on the first weekend.
The main reason locals and expats give for feeling Perth house prices are too high is the disconnect between median prices (now around A$850,000) and median household incomes, which means many families need dual incomes and large deposits just to afford an average home.
Compared to one or two years ago, sentiment on Perth house prices has shifted from "this might be a bubble" to grudging acceptance that tight supply and interstate migration have created a new normal, with many buyers now focused on "getting in before it gets worse" rather than waiting for a correction.
You'll find our latest property market analysis about Perth here.
Are prices still rising or cooling in Perth as of 2026?
As of early 2026, house prices in Perth are still rising but the pace of growth has moderated compared to the rapid increases seen in 2023 and 2024, with the market now described as "rising but cooling" rather than overheating.
The year-over-year house price change in Perth is estimated at around 10% to 15% growth through 2025, which is still strong but down from the 20%+ annual gains seen at the market's peak momentum.
Experts and locals expect Perth house prices to continue rising moderately over the next 6 to 12 months, supported by ongoing supply shortages and interstate migration, though higher interest rates and stretched affordability are expected to keep a lid on the pace of gains.
Finally, please note that we have covered property price trends and forecasts for Perth here.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Australia. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
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 it's authoritative | How we used it |
|---|---|---|
| REIWA Perth Metro | REIWA is Western Australia's peak real estate institute, publishing transaction-based data. | We used it for Perth's median house prices by bedroom count and overall market activity. We also used their listings data to assess how tight the market feels in early 2026. |
| WA Department of Treasury and Finance | It's the official WA government summary of housing market conditions. | We used it to cross-check Perth's median price against government-published figures. We also used it to confirm our "early 2026" framing matched official data timing. |
| Cotality (formerly CoreLogic) | Cotality's hedonic indices are widely used across Australia for consistent city-level comparisons. | We used it to triangulate Perth's dwelling values against REIWA's transaction medians. We also used their monthly reports for growth trend analysis. |
| RevenueWA Transfer Duty | It's the WA government's official stamp duty rate schedule. | We used it to calculate stamp duty on a median-priced Perth house. We used it as the base for our buyer closing cost estimates. |
| Landgate | Landgate is WA's official valuation authority for property-related government charges. | We used it to explain how council rates work in Perth. We also used their fee schedule for registration and lodgement costs. |
| Australian Taxation Office | The ATO is the federal compliance agency for foreign investment rules. | We used it to highlight the ban on foreign purchases of established dwellings through March 2027. We used it to ensure foreign buyers understand current restrictions. |
| Foreign Investment Australia | It's the official federal portal for residential real estate investment rules. | We used it to explain the application pathway for foreign buyers. We used it to direct readers to the correct government process. |
| Canstar | Canstar is a large Australian research publisher with disclosed quote sample sizes. | We used it for a defensible benchmark on WA home insurance premiums. We used it carefully as a starting point for insurance budgeting. |
| Rider Levett Bucknall | RLB is a global cost consultancy publishing primary construction market research. | We used it to explain why new-build pricing stays elevated in Perth. We used it to justify the premium on new builds versus older stock. |
| City of Perth | It's a primary-source council document showing actual rate settings. | We used it to give a concrete example of council rate calculations. We used it to turn the abstract GRV concept into real annual rate figures. |
Get to know the market before buying a property in Perth
Better information leads to better decisions. Get all the data you need before investing a large amount of money. Download our guide.
Related blog posts