The City of Perth remains one of Western Australia’s most dynamic residential markets, driven by proximity to employment centres, lifestyle amenities and continued demand for apartment living.
Sales Market Highlights
-
Median house price: approximately $990,000
-
Median unit price: approximately $555,000
-
Upper quartile unit price: approximately $680,000
-
Average days on market for units: 17 days
Over the past 12 months:
-
758 units have sold
-
638 new sale listings have entered the market
Rental Market Highlights
-
Median house rent: approximately $850 per week
-
Median unit rent: approximately $738 per week
-
Rental yields remain strong at approximately 4.3% for houses and 6.7% for units
These figures reinforce Perth’s position as one of the stronger-performing capital city markets in Australia, particularly for investors seeking both yield and long-term growth.
