PERTH REAL MARCH ’26

Perth Property Prices, Predictions

Perth in 2026 has started with strong momentum, becoming Australia’s standout capital city in the real markets. Home values have continued to rise at a pace that reflects a tight balance between demand and limited available stock, with conditions more resilient than the larger east coast markets that have recently flattened.

A key feature of Perth’s upswing is that it is still being reinforced by supply constraints. For-sale listings remain historical low levels, which keeps buyers competing for a relatively small pool of options. This dynamic tends to support faster price growth in well-located, more affordable segments first, before gradually flowing through to broader parts of the market.

Highlights

Perth dwelling values rose 2.3% in February 2026, the strongest monthly result among the capitals.
Over the past year, Perth values increased 22.0%, taking the median dwelling value to $989,211.
Perth’s quarterly growth rate (6.8%) shows the market is still accelerating rather than plateauing.
For-sale supply remains extremely tight, with listings about 48% below the five-year average in late February.
Perth is still at (or around) peak value levels, following very strong growth over the past five years (90.3%).
Houses and units are both rising, with units showing particularly strong quarterly growth (8.1%).

Gross rental yields remain relatively higher than most capitals, helping investor interest stay active.

See how Perth’s property values have performed across houses and units over various timeframes, along with returns, yields, and median prices.
Median value Perth $989,211
Houses $1,032,032
Units $725,951