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
Buying a median-priced house in Perth at $750,000 involves more than just the purchase price. Estimated upfront costs include approximately $29,741 in stamp duty, $1,800 for conveyancing, and $1,200 for building and pest inspections — totalling around $32,741 in additional costs on top of your deposit. Use the calculator above for a detailed breakdown.
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.