Get all the data you need about the real estate market in Perth
This article covers residential buildable land prices across Perth neighborhoods in 2026.
We constantly update this blog post so the data you see here reflects the latest market conditions available.
All figures focus strictly on vacant plots of land, not built properties, so you can compare like for like.
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 land | Dalkeith |
| Most affordable Perth neighborhood for land | Armadale |
| Average price per square meter across all Perth neighborhoods | AUD 1,600 |
| Median plot price across the Perth land market | AUD 1,100,000 |
| Lowest realistic starting budget for land in Perth | AUD 300,000 |
| Most expensive plot size in Perth | Large plots (700 to 1,200 sqm) |
| Most affordable plot size in Perth | Small plots (250 to 400 sqm) |
| Average price for a small Perth land plot | AUD 630,000 |
| Average price for a medium Perth land plot | AUD 1,090,000 |
| Average price for a large Perth land plot | AUD 1,780,000 |
| Price gap between the most and least expensive Perth neighborhood | AUD 2,100 per sqm (Dalkeith vs. Armadale) |
| Price spread across Perth land neighborhoods | AUD 700 to AUD 2,800 per sqm |
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Perth neighborhoods in 2026 ranked by land purchase price
This table ranks the top neighborhoods in the Perth residential land 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 plot price, the starting budget, the average price for a small plot, a medium plot, and a large plot, the typical land use, the key advantages, the key drawbacks, and the market segment.
Finally, please note you will find much more detailed data in our real estate pack about Perth.
| Rank | Neighborhood | Average Price per Square Meter | Median Plot Price | Starting Budget | Average Price for a Small Plot | Average Price for a Medium Plot | Average Price for a Large Plot | Typical Land Use | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dalkeith | AUD 2,800 | AUD 2,500,000 | AUD 1,800,000 | AUD 1,200,000 | AUD 2,200,000 | AUD 3,200,000 | Luxury home build | Riverside prestige, large blocks, strong zoning stability, premium infrastructure, and excellent schools nearby | Extremely limited land supply, very high entry price, and strict planning controls that limit what you can build | Prime Land |
| 2 | Peppermint Grove | AUD 2,700 | AUD 2,300,000 | AUD 1,700,000 | AUD 1,150,000 | AUD 2,000,000 | AUD 3,000,000 | Luxury custom homes | One of Perth's most exclusive addresses, flat terrain, excellent utilities, and strong resale demand from premium buyers | Very scarce listings at any point in time, heritage restrictions on some sites, and high holding costs once you purchase | Prime Land |
| 3 | Cottesloe | AUD 2,400 | AUD 2,000,000 | AUD 1,500,000 | AUD 1,000,000 | AUD 1,800,000 | AUD 2,800,000 | Coastal home build | Close to the beach, very strong buyer demand, good infrastructure access, and a lifestyle appeal that holds value well | Coastal erosion zones affect some sites, prices are uniformly high, and subdivision opportunities are very limited | Prime Land |
| 4 | Nedlands | AUD 2,200 | AUD 1,800,000 | AUD 1,300,000 | AUD 900,000 | AUD 1,600,000 | AUD 2,500,000 | Family home build | Close to the CBD, hospitals, and universities, with flat lots that are well connected to services and utilities | Traffic congestion during peak hours, limited new land supply coming to market, and intense competition from other buyers | High-Value Land |
| 5 | City Beach | AUD 2,100 | AUD 1,700,000 | AUD 1,200,000 | AUD 850,000 | AUD 1,500,000 | AUD 2,400,000 | Coastal custom homes | Large coastal plots, strong prestige buyer demand, and good road access to the CBD and beach amenities | Some areas have sloping terrain that adds to construction costs, high wind exposure near the coast, and a premium entry cost across the board | High-Value Land |
| 6 | Floreat | AUD 1,900 | AUD 1,500,000 | AUD 1,100,000 | AUD 750,000 | AUD 1,300,000 | AUD 2,100,000 | Family home construction | Established suburb with flat blocks, strong local amenities, good schools, and a settled residential character | Very few vacant plots available at any time, strong competition from redevelopment buyers, and zoning rules limit density | High-Value Land |
| 7 | Applecross | AUD 1,800 | AUD 1,400,000 | AUD 1,000,000 | AUD 700,000 | AUD 1,200,000 | AUD 2,000,000 | Riverside homes | River proximity, strong buyer demand, good transport links to the CBD, and real development potential on suitable sites | Some parts of Applecross sit in flood-prone zones, high demand keeps supply very tight, and prices have risen sharply in recent years | High-Value Land |
| 8 | Scarborough | AUD 1,600 | AUD 1,200,000 | AUD 850,000 | AUD 650,000 | AUD 1,050,000 | AUD 1,800,000 | Coastal development | Active redevelopment activity, strong rental and owner demand, and a beach lifestyle that attracts buyers from across Perth | Smaller plot sizes than other coastal suburbs, zoning rules can be complex, and higher density development puts pressure on land supply | Mid-Range Land |
| 9 | Mount Lawley | AUD 1,500 | AUD 1,100,000 | AUD 800,000 | AUD 600,000 | AUD 1,000,000 | AUD 1,700,000 | Inner-city homes | Close to the Perth CBD, strong and consistent buyer demand, good infrastructure, and a popular lifestyle suburb with cafes and schools nearby | Land availability is very limited, heritage overlays restrict some sites, and blocks tend to be smaller than in outer suburbs | Mid-Range Land |
| 10 | Baldivis | AUD 900 | AUD 550,000 | AUD 400,000 | AUD 350,000 | AUD 500,000 | AUD 750,000 | New estate builds | Good land supply, affordable entry prices, flat terrain, and modern estate environments with new roads and amenities | Well south of the Perth CBD, limited public transport options, and capital growth has historically been slower than inner suburbs | Affordable Land |
| 11 | Ellenbrook | AUD 850 | AUD 500,000 | AUD 380,000 | AUD 320,000 | AUD 480,000 | AUD 700,000 | First home builds | Active land releases keep supply moving, infrastructure is growing steadily, and pricing remains accessible for first-time buyers | About 30 km from the Perth CBD, ongoing development can disrupt the area, and some amenities are still limited compared to established suburbs | Affordable Land |
| 12 | Armadale | AUD 700 | AUD 420,000 | AUD 300,000 | AUD 280,000 | AUD 420,000 | AUD 600,000 | Entry-level housing | Lowest entry price in the Perth land market, large plot sizes, and good land availability for buyers on a tight budget | Higher crime perception than other Perth suburbs, weaker buyer demand overall, and slower price appreciation compared to the rest of the city | Entry-Level Land |
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Key insights about land purchase prices in Perth
Insights
- Perth land prices drop very sharply once you move away from the coastal western suburbs. A plot in Dalkeith costs around 4 times more per square meter than a comparable plot in Armadale, which is just 30 km to the south-east.
- The three most expensive Perth suburbs for land in 2026 (Dalkeith, Peppermint Grove, and Cottesloe) all sit above AUD 2,400 per square meter, forming a clear premium tier that separates them from the rest of the city.
- Coastal Perth suburbs carry a 30 to 40 percent price premium over inland neighborhoods at a similar distance from the CBD. Beach proximity is the single strongest pricing factor in the Perth land market today.
- Scarborough stands out as Perth's most active redevelopment land market in 2026. It sits at AUD 1,600 per square meter, making it more accessible than the top coastal suburbs while still offering strong rental demand and lifestyle appeal.
- Flood risk quietly suppresses land values in parts of Applecross and other river-adjacent Perth suburbs. Buyers should check site-specific flood mapping before committing to any riverfront plot purchase.
- Perth's mid-tier land suburbs (Scarborough and Mount Lawley) are tightly clustered between AUD 1,500 and AUD 1,600 per square meter, with relatively little price difference between them despite being in very different parts of the city.
- In Perth's premium suburbs, large plots above 700 sqm command a disproportionate price premium. A large plot in Dalkeith averages AUD 3,200,000, which is nearly 2.7 times the cost of a small plot in the same suburb.
- Affordable outer suburbs like Baldivis and Ellenbrook depend heavily on new land releases to keep supply moving. If releases slow, prices in these areas can rise quickly because there is very little existing resale stock available.
- Heritage and zoning overlays in inner Perth suburbs like Mount Lawley and Nedlands restrict what can be built, which effectively limits supply and puts upward pressure on land prices even as demand stays high.
- Growth corridors like Ellenbrook offer the best value per square meter in the Perth market in 2026, but buyers take on infrastructure timing risk. Future value depends on the continued expansion of roads, schools, and transport links into these northern areas.
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About our methodology
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 about Perth residential land prices, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each Perth neighborhood, we aggregated the freshest land 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 plot price for each Perth neighborhood.
We also calculated the starting budget, which represents the lowest realistic entry point to buy a residential buildable plot of land in that neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard land purchase in that part of Perth.
For each plot size category, we estimated an average purchase price based on local market conventions in the Perth land market. The typical size range for a small, medium, and large plot can vary across Perth neighborhoods, so we adapted our estimates accordingly.
These estimates were not applied as one flat number across the entire Perth market. They were adjusted by neighborhood and plot size to better reflect local land conditions and price levels in each area.
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 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 for this Perth land price article, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| CoreLogic Australia | The leading Australian property data provider, widely used by major banks and institutions to benchmark residential values. | We used CoreLogic to benchmark land price ranges and suburb-level value positioning across Perth. We cross-checked median land values in each Perth neighborhood to validate our estimates. |
| Western Australian Landgate | The official Western Australian government land authority, holding verified transaction and subdivision records for the state. | We used Landgate for verified Perth land sales and subdivision data. We relied on it to validate realistic entry prices and confirm actual transaction volumes across neighborhoods. |
| REIWA (Real Estate Institute of WA) | The peak real estate body in Western Australia, publishing regular market reports specifically focused on the Perth residential land market. | We used REIWA suburb reports for land demand and pricing tiers across Perth. We triangulated suburb popularity, listing volumes, and days on market to understand liquidity in each area. |
| ABS (Australian Bureau of Statistics) | The official national statistics agency, providing population growth, household formation, and housing construction data. | We used ABS data to understand the population growth and housing demand drivers behind Perth land prices. We used it to justify the demand patterns we observed across different Perth neighborhoods. |
| Domain Property Reports | One of Australia's largest property platforms, publishing suburb-level research reports and price gradient data regularly updated for the Perth market. | We used Domain to confirm suburb price gradients and relative buyer demand across Perth neighborhoods. We validated the affordability tiers we assigned to each neighborhood against Domain's published suburb data. |
| SQM Research | A recognized Australian property analytics firm known for its detailed vacancy rate and land supply data across all major cities. | We used SQM for vacancy rates and supply constraints across the Perth land market. We used it to identify which Perth neighborhoods face the greatest land scarcity, and how that scarcity is priced into the market today. |
| WA Planning Commission | The Western Australian government authority responsible for zoning decisions, land release programs, and urban development planning across Perth. | We used WA Planning Commission data to understand land availability and zoning constraints in each Perth neighborhood. We used it to assess future development potential and identify where planning rules limit supply. |
| Urbis Australia | A major Australian urban planning and property consultancy that regularly publishes reports on growth corridors and land release trends in Perth and other cities. | We used Urbis reports to understand Perth's growth corridors and upcoming land release trends, particularly in outer suburbs like Ellenbrook and Baldivis. We used their forward-looking analysis to assess which affordable Perth areas have the most realistic upside potential. |
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