Perth was again one of Australia’s standout markets in 2025, delivering some of the strongest property price growth in the country. That surge has drawn continued attention from investors, along with continued demand from interstate and overseas buyers. As a result, Perth remains one of the most closely watched housing markets heading into 2026.

If you want to buy a house in Perth or are thinking of selling your property there, this article can help. Read on for an overview of the latest stats and expert insights on how the Perth property market performed in 2025, and how it is predicted to perform in 2026.

It’s also worth bearing in mind that there isn’t a single ‘housing market’ and performance can vary between suburbs in the same city, which is why you need to make sure your research reflects this.

Let’s start by looking at how the Perth property market has performed over this year.

What did the property market in Perth look like in 2025?

The Perth property market experienced robust growth in 2025, with dwelling values rising by 9.4 per cent as of October 2025, according to Cotality data. This growth outpaced the national average of 6.1 per cent, once again positioning Perth as one of the strongest-performing capital cities in Australia. The market's performance was underpinned by exceptionally low stock levels, which remained about 45 per cent below the long-term average, according to Cotality data.

In terms of housing types, houses in Perth saw an annual growth rate of 9.2 per cent, with a median value of $926,000. Units also performed well, with an annual growth of 11.2 per cent and a median value of $650,000. The momentum for both houses and units was strong, with quarterly growth rates indicating continued demand across the board.

Sales volumes in Perth were slightly down compared to 2024, but this was attributed to seasonal factors rather than a drop in demand, as noted by Suzanne Brown, President of REIWA. Listings continued to fall, contributing to the tight market conditions.

The rental market in Perth remained extremely tight throughout 2025. Despite tenant budgets reaching their limits, vacancy rates stayed low, and rental yields were attractive for investors, with gross yields at 4.0 per cent. While house rents stabilised, unit rents experienced a rare dip, reflecting affordability constraints.

Overall, Perth's property market in 2025 was characterised by strong price growth, low stock levels, and competitive rental conditions, making it an attractive market for investors.

Perth property market forecast and price predictions 2026

On the whole, the Australian property market is expected to see moderate growth in 2026. In terms of the WA market, Westpac predicts an 8 per cent rise in Perth's dwelling values, while NAB anticipates around 6 per cent growth nationally. ANZ suggests a 5.8 per cent increase in average capital city house prices, with Perth's growth expected to moderate but remain strong.

Perth's property market is buoyed by several key drivers, including easing interest rates, a tight housing supply, and robust population growth. The Reserve Bank of Australia's rate cuts have boosted buyer confidence, increasing borrowing capacity and demand. Additionally, Perth faces a chronic housing shortage, with listings significantly below the decade average, which continues to push prices upward.

Investor interest in Perth remains strong due to high rental yields and relative affordability compared to Sydney and Melbourne. The average gross rental yield in Perth is around 5.2 per cent, making it an attractive option for investors. This interest is reflected in increased interstate investor inquiries, which rose by nearly 50 per cent in 2025.

The rental market in Perth is expected to remain tight in 2026, with vacancy rates hovering around 2 to 3 per cent. Rent growth is anticipated to continue, albeit at a slower pace than the double-digit increases seen in previous years. This ongoing demand for rentals is driven by population growth and limited new supply.

Overall, the Perth property market predictions for 2026 suggest continued growth, supported by strong fundamentals. While affordability concerns may eventually temper demand, the current outlook remains positive, with most forecasts indicating mid-single to high-single digit price increases.

What are the best suburbs to invest in Perth in 2026?

We've put together a list of ten of Perth's top investment suburbs for 2026 according to OpenAgent analysis of short-term and long-term growth patterns, listing activity, selling speed and rental yields. 

Spearwood, WA 6163

Spearwood stands out in Perth with a median house price of $870,000 and impressive annual growth of +27 per cent. Over the past five years, it has seen an exceptional growth of +97.2 per cent, indicating its high demand. The suburb offers a promising rental return with a gross yield of 4.4 per cent and a median rent of $675 per week.

Riverton, WA 6148

Riverton, with a median house price of $1,235,000, has shown a substantial annual growth of +27.6 per cent and a five-year growth of +92.4 per cent. Known for its family-friendly environment and quality schools, Riverton is attracting both investors and homeowners. The suburb offers rental yields of 3.6 per cent with a median rent of $775.

Ferndale, WA 6148

Ferndale is increasingly popular amongst investors due to its affordability, with a median house price of $800,000 and strong growth of +23.5 per cent over the past year. Its five-year growth is an impressive +94.4 per cent, appealing particularly to families looking for value. With a rental yield of 4.9 per cent, it presents a balanced opportunity for investors.

Wembley, WA 6014

The suburb of Wembley, with units as its primary market, has a median sale price of $420,000. With a healthy growth rate of +23.5 per cent over the last year and a five-year growth of +82.6 per cent, it's a top choice for investors seeking affordable entry points. The suburb provides a vibrant community lifestyle with an increasing number of listings, showing growing interest.

Mosman Park, WA 6012

Mosman Park offers strong investment potential in the unit market, with a median sale price of $485,000 and a consistent annual growth of +27.6 per cent. Over five years, it has achieved a growth of +66.5 per cent. Known for its scenic location between the river and the sea, the suburb is popular among individuals seeking a premium lifestyle.

Eden Hill, WA 6054

Eden Hill, with a median house price of $765,000, demonstrates healthy growth potential with a +23.4 per cent increase over the past year and a five-year growth of +95.4 per cent. It presents an attractive rental yield of 4.9 per cent, making it a noteworthy contender for investors aiming at long-term returns.

Nollamara, WA 6061

Nollamara is attractive for unit investors, reflecting a solid annual growth of +20.4 per cent and five-year growth of +93.9 per cent. Its affordability, with a median sale price of $638,000, appeals to a broad market, particularly those entering the property investment sphere.

Maylands, WA 6051

Known for its vibrant community and proximity to Perth's CBD, Maylands offers units at a median sale price of $517,150, witnessing an impressive +26.1 per cent growth in the past year. Its five-year growth stands at +73.8 per cent, and with low days on the market, it shows a quick turnover appealing to active investors.

Como, WA 6152

In Como, the unit market holds strong potential with a median sale price of $736,000 and annual growth of +26.9 per cent. Over the past five years, the suburb has seen a growth of +61.8 per cent. Its proximity to riverside attractions and city conveniences makes it highly sought after.

Padbury, WA 6025

Padbury rounds out the top suburbs in Perth with a median house price of $1,000,000 and strong one-year growth of +21.6 per cent. Over five years, it has achieved +98 per cent growth, showcasing its potential as a reliable long-term investment, bolstered by good infrastructure and family-friendly amenities.

Disclaimer: Rankings use OpenAgent’s internal weighted scoring of price growth, days on market, listings and indicative yield. General information only—not financial advice; figures are estimates; past performance is not reliable. Always seek independent advice.