Josh Tay
Last Updated on 01-Jan-2025
When people think of Australia’s booming property markets, Sydney and Melbourne properties often come to mind first. However, savvy investors are increasingly looking to Perth property for its affordability, strong rental demand, and high potential for capital appreciation.
As an investor, the key question isn’t just about safety but also about which suburbs offer the best long-term growth. Let’s explore Perth’s property landscape so you can make the most informed investment decisions.
Rank | Suburb | Annual House Sale Price | Annual Price Growth | 5-Year Price Growth | Median Selling Days |
1 | Balga | $370,000 | 1.5% | 8% | 55 |
2 | Armadale | $380,000 | 2% | 10% | 50 |
3 | Mirrabooka | $400,000 | 2% | 11% | 48 |
4 | Midland | $420,000 | 2.5% | 13% | 46 |
5 | Gosnells | $400,000 | 2.5% | 12% | 45 |
Rank | Suburb | Median House Price | Annual Price Growth | 5-Year Price Growth | Median Selling Days |
1 | Subiaco | $1,200,000 | 5% | 25% | 30 |
2 | Cottesloe | $2,500,000 | 4% | 20% | 35 |
3 | Applecross | $1,800,000 | 4.5% | 22% | 32 |
4 | Mount Lawley | $1,100,000 | 5.5% | 27% | 28 |
5 | Leederville | $950,000 | 6% | 30% | 25 |
Rank | Suburb | Median House Price | Annual Price Growth | Investment Appeal |
1 | Medina | $416,500 | 25.3% | Affordable with larger block sizes. |
2 | Mandurah | $440,000 | 23.9% | Coastal lifestyle with strong rental demand. |
3 | Midland | $445,000 | 18.7% | Key transport links and a growing commercial hub. |
4 | Calista | $450,000 | 29.1% | Near the beach with solid long-term appeal. |
5 | Armadale | $453,500 | 37.4% | Ongoing developments and transport upgrades. |