Property Market in Perth
Perth's property market has rebounded strongly after a prolonged downturn, with record-low vacancy rates and constrained new supply driving price recovery. The resources sector continues to underpin economic confidence, while suburbs along the Joondalup and Mandurah rail lines offer relatively affordable options compared to east coast capitals.
Median House Price
$750,000
Median Unit Price
$450,000
To purchase a median-priced house in Perth at $750,000, you would need a deposit of at least $150,000 (20% to avoid lenders mortgage insurance) and borrowing capacity of $600,000. Your actual borrowing power depends on your income, existing debts, living expenses, and the lender's assessment criteria. Use the calculator above to estimate how much you could borrow.
Buying Property in Perth
Perth's property market is uniquely exposed to resources sector cycles — during mining booms, FIFO worker demand inflates prices and rents in northern corridor suburbs like Joondalup and Butler, while downturns can see values drop 15–20% in the same areas. The southern corridor along the Mandurah line tends to be more stable, underpinned by diverse local employment and proximity to Murdoch University and Fiona Stanley Hospital. Vacancy rates across Perth have been at historic lows, giving sellers strong leverage, so buyers should be prepared to move quickly and have pre-approval in place before inspecting — properties in the $500,000–$800,000 bracket are often under offer within days of listing.