Get all the data you need about the real estate market in Perth
This article is updated regularly so you are always reading the freshest data available on Perth house prices.
Perth house prices in 2026 vary enormously depending on which suburb you are looking at, from well under half a million dollars in outer areas to well over three million in the most prestigious riverside suburbs.
Whether you are a first-time buyer or looking to upgrade, this guide will help you understand exactly what your budget can get you across Perth's neighborhoods.
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 houses | Peppermint Grove |
| Most affordable Perth neighborhood for houses | Armadale |
| Average price per square meter across all Perth neighborhoods | AUD 9,000 |
| Median house price across Perth | AUD 1,700,000 |
| Lowest realistic starting budget to buy a house in Perth | AUD 400,000 |
| Most expensive house type in Perth (by bedroom count) | Four-bedroom house |
| Most affordable house type in Perth (by bedroom count) | Two-bedroom house |
| Average price for a two-bedroom house in Perth | AUD 1,100,000 |
| Average price for a three-bedroom house in Perth | AUD 1,600,000 |
| Average price for a four-bedroom house in Perth | AUD 2,300,000 |
| Price gap between the most and least expensive Perth neighborhood | AUD 3,250,000 (Peppermint Grove vs Armadale) |
| Price dispersion across Perth neighborhoods | Very high: prices range from AUD 550,000 to AUD 3,800,000 median |
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Neighborhoods in the 2026 Perth housing market ranked by house purchase price
This table ranks the top neighborhoods in the Perth housing market by house 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 two-bedroom house, a three-bedroom house, and a four-bedroom house, 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 Two-Bedroom House | Average Price for a Three-Bedroom House | Average Price for a Four-Bedroom House | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Peppermint Grove | AUD 12,500 | AUD 3,800,000 | AUD 2,500,000 | AUD 2,400,000 | AUD 3,200,000 | AUD 4,500,000 | Ultra-wealthy families seeking prestige and privacy | Perth's most prestigious riverside address, very low housing density, elite school catchment, and strong long-term capital stability | Extremely high entry price, very few properties available at any given time, and strict planning controls limit what you can build or change | Luxury |
| 2 | Dalkeith | AUD 11,800 | AUD 3,400,000 | AUD 2,200,000 | AUD 2,200,000 | AUD 2,900,000 | AUD 4,000,000 | Established wealthy families with school-age children | Large block sizes, close proximity to the Swan River, top-tier schools, and a genuinely quiet and private residential feel | High ongoing maintenance costs, limited public transport options, and a highly competitive buying market with few listings | Luxury |
| 3 | Cottesloe | AUD 11,200 | AUD 2,900,000 | AUD 1,900,000 | AUD 1,800,000 | AUD 2,500,000 | AUD 3,600,000 | Coastal affluent buyers who prioritize beach lifestyle | World-class beach on the doorstep, strong resale demand, vibrant café strip, and consistent appeal to both buyers and renters | Traffic congestion on weekends and during summer, tourist foot traffic, and price volatility near the beachfront | Luxury |
| 4 | Mosman Park | AUD 10,200 | AUD 2,300,000 | AUD 1,500,000 | AUD 1,500,000 | AUD 2,000,000 | AUD 3,000,000 | Lifestyle upgraders seeking both river and ocean access | Access to both the Swan River and the coast, strong school options, and a good balance between prestige and everyday livability | Smaller lots compared to Dalkeith, and rising prices are starting to lock out buyers who were considering it two or three years ago | Premium |
| 5 | City Beach | AUD 9,800 | AUD 2,200,000 | AUD 1,400,000 | AUD 1,400,000 | AUD 1,900,000 | AUD 2,800,000 | Coastal family buyers wanting space and beach access | Spacious homes on generous blocks, direct beach proximity, family-friendly zoning, and strong long-term demand from owner-occupiers | Car-dependent lifestyle, limited local retail and dining options, and exposure to coastal weather conditions over time | Premium |
| 6 | Floreat | AUD 9,200 | AUD 1,800,000 | AUD 1,200,000 | AUD 1,200,000 | AUD 1,600,000 | AUD 2,300,000 | Family upgraders who want space close to the city | Large block sizes, strong school catchments, a quiet suburban feel, and only a short drive from the Perth CBD | Limited nightlife and evening activity, and much of the housing stock is older and likely to require renovation investment | Premium |
| 7 | Mount Lawley | AUD 8,800 | AUD 1,600,000 | AUD 1,050,000 | AUD 1,100,000 | AUD 1,500,000 | AUD 2,100,000 | Inner-city professionals and character-home enthusiasts | Walking distance to the Perth CBD, beautiful heritage homes, and a vibrant café and culture scene along Beaufort Street | Limited on-street parking, smaller lot sizes, and older homes that often come with higher renovation costs | Premium |
| 8 | South Perth | AUD 8,500 | AUD 1,500,000 | AUD 1,000,000 | AUD 1,000,000 | AUD 1,400,000 | AUD 2,000,000 | Professionals and families seeking CBD proximity and river views | Stunning Swan River and Perth CBD skyline views, strong school infrastructure, and easy access to public transport | Traffic bottlenecks on the main bridges, and the limited land supply continues to push prices higher year on year | Mid-Market |
| 9 | Scarborough | AUD 8,200 | AUD 1,350,000 | AUD 900,000 | AUD 950,000 | AUD 1,300,000 | AUD 1,800,000 | Coastal lifestyle buyers and investors targeting rental demand | Beach lifestyle without the Cottesloe price tag, a growing redevelopment precinct, and strong short and long-term rental appeal | Ongoing construction noise in parts of the suburb, increasing density, and some streets are more exposed to the noise of the main esplanade | Mid-Market |
| 10 | Innaloo | AUD 7,500 | AUD 1,100,000 | AUD 750,000 | AUD 850,000 | AUD 1,050,000 | AUD 1,500,000 | First-time house buyers and value-focused buyers near the coast | Genuine value near the beach by Perth standards, improving infrastructure, and good accessibility to both the CBD and Scarborough Beach | Busy main roads on several borders, mixed housing quality across the suburb, and less prestige perception than neighboring areas | Mid-Market |
| 11 | Morley | AUD 6,800 | AUD 850,000 | AUD 600,000 | AUD 700,000 | AUD 820,000 | AUD 1,100,000 | Budget-conscious families prioritizing size and affordability | Affordable entry point, solid public transport links, and larger block sizes relative to what you pay compared to western Perth suburbs | Historically weaker capital growth than coastal areas, and it lacks the lifestyle appeal that draws buyers to more western neighborhoods | Affordable |
| 12 | Armadale | AUD 5,800 | AUD 550,000 | AUD 400,000 | AUD 480,000 | AUD 550,000 | AUD 750,000 | Entry-level buyers and buyers focused on land size over location | Perth's most accessible entry point for house buyers, large land sizes, and ongoing infrastructure investment that could support future growth | Long distance from the Perth CBD, weaker buyer demand compared to inner suburbs, and some pockets carry a higher perceived risk profile | Budget |
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Key insights about house purchase prices in Perth
Insights
- Perth house prices in 2026 show one of the most extreme spreads of any Australian capital city: the median house price in Peppermint Grove is almost seven times higher than in Armadale, which tells you just how much location matters in this market.
- All of Perth's most expensive suburbs sit either on the Swan River or within walking distance of the Indian Ocean, confirming that water access is the single strongest driver of premium pricing in the Perth house market.
- A four-bedroom house in Perth consistently costs significantly more than a three-bedroom house across every market segment, with the gap often exceeding 30 to 40 percent, making bedroom count one of the clearest price signals in Perth real estate.
- Perth coastal suburbs like Cottesloe, City Beach, and Scarborough command a 15 to 25 percent premium over inland suburbs at a similar distance from the CBD, purely because of beach access and lifestyle appeal.
- First-time buyers in Perth looking for a standalone house are now almost entirely concentrated in suburbs more than 25 kilometers from the CBD, as inner and middle-ring Perth suburbs have moved well beyond the one million dollar mark.
- Scarborough and Innaloo are two of the most interesting Perth suburbs to watch in 2026: both offer coastal access at mid-market prices, and ongoing redevelopment in the Scarborough precinct is likely to continue pushing values upward.
- Perth price per square meter drops sharply as you move east from the coast, meaning buyers who are flexible on location can get significantly more land for their money simply by moving away from the beachfront.
- Many of Perth's premium inner suburbs like Mount Lawley and Floreat contain older housing stock that requires renovation, which means the purchase price is often not the full cost of getting the property to a modern standard.
- Perth's luxury house market remains tightly supply-constrained in 2026, particularly in suburbs like Peppermint Grove and Dalkeith where very few homes are listed at any one time, which tends to support prices even in softer market conditions.
- Armadale offers Perth's lowest entry point for a standalone house, but buyers should weigh the long commute and historically weaker capital growth against the initial affordability, as the long-term investment case is less clear than in closer suburbs.
- South Perth continues to attract buyers who want the feel of an inner suburb with river views, but traffic bottlenecks on the main river crossings remain a genuine daily inconvenience that buyers consistently report as a downside.
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About our methodology
House purchase prices in Perth can vary enormously depending on the suburb, the house type, and the time of year, so getting reliable data requires more than just looking at a few listings online.
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 specific to the Western Australia property market, not random listings or unsupported figures. More on that point below.
For each Perth neighborhood, we aggregated the freshest house purchase price data available from sources including REIWA, CoreLogic, the ABS, and WA Landgate. When possible, we cross-checked multiple sources to confirm the same price range before including any figure.
This allowed us to estimate the average price per square meter and the median property price for each Perth suburb covered in this article.
We also calculated the starting budget for each neighborhood, which represents the lowest realistic entry point to buy a house in that area in 2026. This is not the cheapest possible listing ever seen, but a real and achievable floor for a standard house purchase in that suburb.
For each house category, we estimated an average purchase price based on what is typical in the local Perth market. A two-bedroom house in Cottesloe, for example, sits on a very different kind of block and comes with a very different set of features than a two-bedroom house in Armadale, so we adapted our estimates suburb by suburb rather than applying a single flat multiplier across the city.
This table should therefore be read as a structured market estimate based on current data, 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 blog article?
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 |
|---|---|---|
| REIWA (Real Estate Institute of WA) | REIWA is the peak real estate body for Western Australia and publishes suburb-level market data directly from agent transactions across Perth. | We used REIWA's suburb insights and median house price data as a primary source for Perth neighborhood pricing. We also used it to validate typical buyer profiles and local demand patterns across the city. |
| Australian Bureau of Statistics (ABS) | The ABS is Australia's official national statistics agency and applies rigorous data standards to its housing market datasets. | We used ABS housing data to establish macro-level Perth price benchmarks and long-term trends. We cross-checked ABS median house values against suburb-level data to ensure our figures were consistent with broader market conditions. |
| CoreLogic Australia | CoreLogic is Australia's leading independent property data provider and is widely used by banks, valuers, and real estate agents for pricing analysis. | We used CoreLogic's suburb-level house price data to triangulate median values and price per square meter estimates across Perth neighborhoods. CoreLogic data served as one of our main cross-check sources throughout the analysis. |
| WA Government Landgate | Landgate is the official Western Australian government registry for land and property transactions, making it the most direct source of actual sales evidence in the state. | We used Landgate sales records to validate the price ranges shown for each Perth suburb. We cross-checked Landgate transaction data against median values from other sources to confirm accuracy. |
| Domain Property Reports | Domain is one of Australia's two major property marketplaces and publishes detailed suburb-level analytics based on a large volume of live and historical listings. | We used Domain's property reports for suburb-by-suburb comparisons and price segmentation across the Perth market. We cross-referenced Domain's house price tiers to validate where each neighborhood sits within the broader Perth market. |
| SQM Research | SQM Research is an independent Australian property analytics firm known for its transparent methodology and detailed housing market data. | We used SQM data to validate price ranges and entry-level budget estimates for Perth suburbs. We triangulated SQM affordability figures against REIWA and CoreLogic data to ensure our starting budget estimates were realistic and grounded. |
| Knight Frank Australia | Knight Frank is a globally recognized real estate consultancy with dedicated luxury and prestige market research teams in Australia. | We used Knight Frank's research for pricing data in Perth's high-end suburbs such as Peppermint Grove and Dalkeith. We validated our luxury house price positioning against Knight Frank's published premium suburb analysis. |
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