Perth Property Market 2026: Prices, Supply and How to Read It

Perth’s property market was strong but cooling at the edges in 2026. REIWA reported a median house price of $960,000 in August 2026, up 18.5% over the year, with houses selling in a median 23 days. At the same time, homes for sale passed 7,000 for the first time in more than three years, and the median unit price reached $690,000, up 22.6% (REIWA). For your own decisions, suburb-level evidence matters more than the city headline.

Past growth is not a forecast. This guide reports published data; it does not predict prices.

What is the median house price in Perth?

REIWA’s Perth median house price was $960,000 in August 2026, up 1.1% on the month and 18.5% on the year (REIWA). Medians vary widely: Floreat’s median house price was $2,500,000 in the 12 months to September 2026 (REIWA), while Mandurah’s was $701,000.

How fast are homes selling in Perth?

The median Perth house took 23 days to sell in August 2026, unchanged on July but 12 days longer than a year earlier (REIWA). Longer selling times usually mean buyers have more choice and more room to negotiate.

How many homes are for sale in Perth?

REIWA reported more than 7,000 homes for sale at the end of August 2026, the first time in over three years, and 7,352 in the week ending 6 September, up 153% on a year earlier (REIWA). More stock gives buyers more options and makes accurate pricing more important for sellers.

What is happening with Perth rents?

Rents are still rising, but more slowly. REIWA reported a median house rent of $750 a week in August 2026, up 7.1% on the year, a median unit rent of $700, and a vacancy rate of 1.9%, still below the 2.5% to 3.5% range REIWA considers balanced (REIWA; REIWA vacancy). Rental listings fell to 2,085 at the end of August.

What drives the Perth property market?

• Supply: how many homes are listed for sale and how fast new homes are built.
• Population: interstate and overseas migration into WA.
• Credit: interest rates and how much buyers can borrow.
• Construction costs: which affect the price of new homes and renovations.
• Government policy: for example the 2026 stamp duty changes for first home buyers and off-the-plan purchases (WA Government).

Which signals should you watch in your suburb?

• days on market for homes like yours
• the gap between first asking price and sale price
• how many similar homes are listed now compared with recent months
• auction clearance or the number of offers per property
• recent comparable sales within a few streets

Is it a good time to buy or sell in Perth?

That depends on your situation more than the market. If you sell and buy in the same market, you sell and buy at similar conditions. What matters most is accurate pricing and good timing for your own move. For the selling side, see the cost of selling a house in Perth; for buying, see our first home buyer guide.

Request a free appraisal for the current evidence on your own street.

Frequently asked questions

What is the median house price in Perth in 2026?

REIWA reported $960,000 in August 2026, up 18.5% over the year.

Are Perth house prices still rising?

They rose strongly over the year to August 2026, but listings and selling times also increased. Past growth is not a forecast.

What is the rental vacancy rate in Perth?

REIWA reported 1.9% in August 2026, below the balanced range of 2.5% to 3.5%.

How long does it take to sell a house in Perth?

The median was 23 days in August 2026, according to REIWA.