What’s driving Perth’s property market right now?
Three converging forces are reshaping Perth real estate in 2026. Supply remains approximately 40% below the five-year average, while Western Australia’s population is growing at over 54,000 people per year – well above the national average. Together, these forces pushed the median house price from $950,000 in January to just over $1 million by April 2026.
Economists are forecasting the median to reach $1.11 million by year end. Even with double-digit growth rates now behind us, the expected 6–8% capital growth for 2026 comfortably outpaces national inflation, which sat at 4.6% in March – and remains well ahead of most other capital cities relative to incomes.
The Federal First Home Buyer deposit scheme is having a dual effect
The Federal Government’s 5% deposit scheme is stimulating sales at lower price points – good news for first home buyers gaining a foothold. However, increased buyer activity at that end of the market is also placing upward pressure on prices across the board. For first home buyers considering whether to act now or wait, timing and support from an experienced property settlement agent in Perth matter.
What does a $730/week rental market mean for investors?
Average weekly rents across Perth have reached $730, driven by the same supply-demand imbalance squeezing the sales market. With a vacancy rate of just 2%, well-located investment properties are rarely sitting idle. Inter-state investors have taken notice – Perth remains one of the most affordable capital cities relative to incomes, creating an entry point that other capitals no longer offer.
Ready to make your move in Perth’s property market?
Whether you’re a first home buyer or a seasoned investor – or purchasing through a trust, company structure, or from interstate – getting settlement right in a fast-moving market is critical. Strand’s team can handle your WA settlement regardless of where you’re based, including full compliance through PEXA.
Our settlement agents in Perth have guided over 55,000 WA clients through property transactions for more than 50 years. A confidential conversation costs nothing – call (08) 9381 0500 today.
