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Perth's median house price is approximately $750,000 in early 2026, making it one of the more affordable capital cities. Inner suburbs like Subiaco and Cottesloe exceed $1.5M, while northern corridors (Joondalup, Wanneroo) and southern suburbs (Rockingham, Mandurah) offer medians
For the median Perth house (~$750k) with a 20% deposit, you need approximately $182,000 total. This is significantly less than Sydney ($347k) and Melbourne ($271k), making Perth one of the most affordable capital cities.
Perth has seen strong price growth since 2023 driven by mining sector wages and interstate migration. Median prices remain well below Sydney and Melbourne. The key factors to watch are iron ore prices, rental vacancy rates (very low), and supply pipeline.
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