Are property prices rising in Perth?

National house prices in Australia rose +10.0% year on year as of Q1 2026, which is the benchmark we use for the Perth market. Adjusted for inflation, prices rose +5.7% in real terms.

What happened to Australia house prices last quarter?

Prices moved +2.1% quarter on quarter as of Q1 2026. Quarterly moves are volatile, so read them alongside the annual trend rather than on their own.

How much have prices changed in Australia over the long run?

The Australia house price index has moved +42.5% over five years and +71.2% over ten years as of Q1 2026. That long-run path is usually a better guide to Perth entry timing than a single year of data.

Is property in Perth affordable?

The price-to-income ratio for Australia stands at 125.1 as of Q1 2026 (index, long-term average = 100), so housing is more expensive relative to incomes than its own historical norm.

Is it better to buy or rent in Perth?

The price-to-rent ratio for Australia is 133.9 as of Q1 2026 (index, long-term average = 100). Buying is expensive relative to renting by historical standards, which lengthens the payback period on a Perth purchase.

How fast are rents growing in Australia?

Rents changed +3.8% year on year as of Q1 2026. Rental growth drives the income side of any Perth investment case, so track it next to the price trend.

Where does the Perth price data come from?

Figures on this page are derived from the Bank for International Settlements residential property price statistics, harmonised into a single comparable index across all countries we cover as of Q1 2026. We publish national-level official statistics only — no modelled or estimated city figures.

Perth, Australia

Perth residential property market & neighbourhood guide

Author: Global Property Search Research DeskMarket data team
Last update: Aug 2026
Next update: Aug 2027
Reviewed against: National statistics office, Land registry data, Partner agency pricing

Independently researched and fact-checked against official sources. See our methodology and data sources.

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Perth Property Guide

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Answers for Perth built from the latest official Australia housing statistics.

See the full dataset behind these answers in the Australia market report.

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