Perth Property Owners Gain $100k

New forecasts from ANZ predict Perth house prices will jump around 10.9% in 2026, second-highest among Australian capital cities and significantly higher than previous projections. With the current median now sitting at about $1 million, this could translate to a $100,000+ asset gain for many Perth homeowners over the next year.

Despite this boom, first-home buyers are being priced out, with rising rents and mortgage costs exacerbating affordability challenges. Median weekly rents in Perth climbed to about $725 in January — up over 6% year-on-year — while rental supply remains tight. Social housing waitlists have also ballooned.

Experts warn that ongoing demand pressures and constrained housing supply will continue to benefit existing owners while making homeownership and renting increasingly difficult for new entrants. Government action to boost supply and support buyers remains a key recommendation.

Source: The West Australian