Perth has cemented its position as Australia’s strongest-performing capital city property market, with current indicators suggesting this momentum will continue into 2026.

Property Outlook forecasts indicate Perth is likely to remain one of Australia’s strongest-performing capital city markets in 2026, with price growth expected to moderate but remain above the national average.

Home values rose by more than 15 per cent over the past year, taking Perth’s median price close to $930,000. While the extraordinary pace of recent growth is expected to ease, forecasts still point to above-average price growth of around 7–10 per cent in 2026, placing Perth alongside Brisbane as a market leader.

What’s Driving the Market?

1. Perth’s strength is being driven by a combination of structural factors:

2. Strong population growth continuing to outpace new housing supply

3. Historically low listing volumes, with many owners hesitant to sell

4. A tight rental market, encouraging some renters to transition into home ownership

Together, these conditions are keeping demand high and supply constrained.

A More Selective Market

While competition remains strong, Perth is increasingly becoming a two-speed market. Well-located, family-friendly homes continue to sell quickly and attract strong interest, while more unique or highly customised properties may take longer to find the right buyer.

This shift reflects a market that is stabilising rather than slowing.

What This Means for 2026

For sellers, conditions remain favourable, with low competition and continued price growth supporting strong sale outcomes.

For buyers, preparation and decisive action remain key, as choice is still limited and competition persists in high-demand suburbs.

Sanctuary Real Estate Insight 

Perth’s property market is transitioning from rapid acceleration to sustainable growth. With low supply and solid demand fundamentals still in place, well-positioned properties are expected to continue performing strongly into 2026.

For tailored advice on your suburb or property type, the Sanctuary Real Estate team is here to help.