The property market in Perth has hardly taken a breath after seeing staggering price growth in the past couple of years.
In 2024, the peak of its upcycle, the annual rise in home values topped 25% although that has moderated during 2025 with its last annual growth figure at 7.5%.
But buyers shouldn't be lulled - data for the September quarter showed 4.0% price growth in just three months, suggesting the Perth market is in line for a spring upswing.
The city continues to benefit from strong population growth, scarce housing stock, and relative affordability compared to other capital city markets in Australia.
According to the latest Cotality data, Perth's median house price is $895,089 as at 1 October 2025, with a median unit price of $638,868.
The property boom of 2024 was primarily driven by Perth's outer suburbs although analysts say growth is now more evenly spread, with some inner suburbs gaining momentum.
Our experts have nominated a mix of outer suburbs and inner-city pockets as still offering good value.
(Median price information from realestate.com.au)
Warwick, 6024
Median price: $897,500 for houses; limited unit stock
Median rent: $750 per week; limited unit stock
According to Damian Collins, managing director of Momentum Wealth and past president of the Real Estate Institute of Western Australia (REIWA), Warwick is emerging as an "undervalued gem" in Perth's outer north.
Located in the City of Joondalup, Warwick's median house price falls below the medians of neighbouring suburbs to the north and west.
"The area offers generous block sizes, pockets with development potential, and a strong presence of owner occupiers, adding to its long-term appeal," Mr Collins said.
Warwick locals enjoy quick access to employment hubs via the Mitchell Freeway while local amenities such as Centro Warwick Shopping Centre, Warwick Leisure Centre, and quality schools provide both conveniences and lifestyle.
The eastern third of the suburb is a native bushland area known as the Warwick Open Space which features walking trails and diverse native species of plants and animals.
Warwick is located around 14 kilometres north of the Perth CBD with a train service and bus links.
The suburb was developed in the late 1960s, giving it good potential for future redevelopment, according to Mr Collins, and making it a strategic choice for investors for both capital growth and rental income.
South Lake, 6164
Median price: $773,000 for houses; limited unit stock
Median rent: $650 for houses; limited unit stock
Situated around 22 kilometres south of Perth, South Lake offers a median house price well below that of neighbouring Bibra Lake ($921,244 median).
According to Mr Collins, the suburb's appeal lies in targeting the right pockets, including areas with a higher percentage of owner occupiers and homes away from the train line.
"The generous blocks and quality homes at South Lake offer good long-term potential," he said.
The suburb has already seen a 15.8% growth in home prices over the past 12 months and annual rental growth of 8.3%.
Mr Collins likes its position on the Kwinana Freeway, minutes from key employment hubs and nominates it as a compelling option for investors looking for both rapid growth and solid income streams.
For owner occupiers, South Lake offers affordability with good capital growth potential and lifestyle amenities including parks, the Cockburn Gateway Shopping Centre, and public transport.
Damian Collins, managing director Momentum Wealth
East Victoria Park, 6101
Median price: $1,050,000 for houses; $559,500 for units
Median rent: $725 per week for houses; $600 per week for units
Mr Collins nominated East Victoria Park particularly for those looking at units, saying it offers exceptional value given the suburb's vibrant lifestyle, good transport links, and close proximity to Perth's CBD.
"Investors can benefit from a bustling hospitality precinct along Albany Highway which drives rental demand from both professionals and students at the nearby Curtin University," he said.
The East Victoria Park dining precinct is home to many of Perth's best restaurants, cafes, and eateries, featuring an eclectic mix of cuisines and dining styles, and marking it as a favourite haunt of Perth's foodies.
Unit prices have already seen a substantial 21.6% price growth in the past 12 months, while houses have seen values lift 17.7% - outpacing many comparable markets.
East Victoria Park is about five kilometres from the CBD and is serviced by two railway stations, shared with the neighbouring suburb of Carlisle, as well as multiple bus services.
"East Victoria Park's unit market presents a rare opportunity to secure high-growth assets in a location primed for sustained demand," Mr Collins said.
Carlisle, 6101
Median price: $860,000 for houses; $745,000 for units
Median rent: $720 per week for houses; 670 per week for units
Carlisle has also got a guernsey in this year's Perth Suburbs to Watch list, nominated by Peter Gavalas, lead buying agent of Resolve Property Solutions.
"I think for Perth in 2026, it's going to be all about affordability, and we'll continue to see a lot of upgraders active in the market," he said.
"Even though Carlisle has seen some good growth in the past 12 months, it has a much lower median price compared to some its more expensive neighbours like East Victoria Park and Lathlain [median price for houses $1,115,000].
Indeed, Carlisle's median house prices remain at the more affordable end of the market despite having shot up 23% in the past year.
Units too have seen 21.6% price growth while still providing attractive rental yield, currently sitting at a considerable 5.9%.
"Carlisle provides easy access to the East Victoria Park cafe/restaurant strip and very close proximity to schools, Curtin University, and the airport," Mr Gavalas said.
The suburb is also a beneficiary of the Metronet rail elevation project, which removed six level crossings along the Victoria Park-Canning stretch of the Armadale rail line and rebuilt five elevated new stations. Much of the old rail line has been reclaimed for public open space.
"The street crossing removals have increased activation along the once unattractive rail corridor and effectively provided better access to public amenities and also improved rail facilities," he said.
"Carlisle is still only three kilometres from the [Swan] river and has a mixture of medium density development and houses, so it's a good option for first home buyers, families, and downsizers."
Peter Gavalas, buyers agent & director Resolve Property Solutions
Nollamara, 6061
Median price: $686,500 for houses; $565,000 for units
Median rent: $680 per week for houses; $650 per week for units
Nollamara, located around eight kilometres north of the Perth CBD, is another suburb pick based on affordability.
Mr Gavalas said at eight kilometres from both the CBD and coast, Nollamara is a convenient location to both and is a very affordable option to those priced out of its more expensive neighbours such as Yokine [median price for houses $1,051,000] and Dianella [$1,005,000].
"It's got good public transport and is also conveniently located to the major corridors of Wanneroo Road and Reid Highway," Mr Gavalas said.
He also likes its close proximity to employment options at nearby Malaga, a suburb with a large commercial and industrial sector.
Nollamara's house prices have seen more moderate growth (13.8%) than some Perth suburbs over the past 12 months, although the median price of its unit stock has jumped 22.8% over the same period.
For investors, both houses and units are currently returning over 5% rental yield.
According to Mr Gavalas, Nollamara offers a diverse range of dwelling choices, with a selection of units as well as houses providing good options for first homebuyers, downsizers, and families.
"As well, most of the suburb is zoned for medium density development and this will provide demand for larger lots from developers and investors in the future," Mr Gavalas said.
Padbury, 6025
Median price: $1,000,000 for houses; no data for units
Median rent: $700 per week for houses; no data for units
This northern suburb in the City of Joondalup also made the Perth Suburbs to Watch list for 2025 and the reasons for its inclusion in 2026 remain unchanged: its proximity to the beach and good access to freeways and public transport.
It was also not a bad tip with its median house price climbing 15% over the last 12 months and cracking the $1 million mark on the way.
Padbury is a few kilometres from the ocean and offers easy access to popular Mullaloo Beach as well as the marina and tourist precinct of Hillarys Boat Harbour.
At 18 kilometres from Perth CBD, it is also close to the freeway as well as both the Whitfords and Greenwood train stations.
"But perhaps the biggest drawcard for Padbury is that it's in the Duncraig Senior High School catchment and provide a more affordable option for families trying to buy into the catchment," Mr Gavalas said.
"With a median price around $300,000 lower than Duncraig [median price $1,330,000], it provides great value for those being priced out of the more expensive neighbouring suburbs."
With more than 90% of the suburb's housing stock being standalone houses, Padbury is highly popular for families, particularly those looking for larger blocks and family-sized homes.
"There are pockets of medium density development and that will provide more demand for land by developers and investors," Mr Gavalas said.
"This will see further development in the area and that, in turn, may drive some revitalisation of the suburb."
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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.94% p.a. | 5.98% p.a. | $2,978 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure | ||||||||||
5.89% p.a. | 5.80% p.a. | $2,962 | Principal & Interest | Variable | $0 | $0 | 80% |
| Promoted | Disclosure | ||||||||||
5.99% p.a. | 5.95% p.a. | $2,995 | Principal & Interest | Fixed | $0 | $0 | 60% |
| Promoted | Disclosure | ||||||||||
5.93% p.a. | 5.93% p.a. | $2,975 | Principal & Interest | Variable | $0 | $395 | 70% | Disclosure |
