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
At the current Perth median house price of $750,000, stamp duty is approximately $29,741 for a standard residential purchase. Rates vary depending on buyer type — first home buyers in Western Australia may qualify for significant concessions or full exemptions on properties below certain thresholds. Use the calculator above with your actual purchase price to get an accurate figure.
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.