We all know about Perth’s explosive property growth over the last 6-7 years, with the major upswing beginning around the COVID period.
Let’s look at just a few suburbs and how dramatically prices have changed since 2019:
Armadale - grew from $203k in 2019 to $745k in 2026
Over 20% annual compound growth
Bateman - grew from $680k in 2019 to $1.6m in 2026
Over 13% annual compound growth
Madeley - grew from $559k in 2019 to $1.2m in 2026
Over 11% annual compound growth
Calista - grew from $235k in 2019 to $732k in 2026
Over 17% annual compound growth
Mandurah - grew from $238k in 2019 to $745k in 2026
Over 17% annual compound growth
Baldivis - grew from $570k in 2019 to $1.2m in 2026
Over 11% annual compound growth
The reality is that many suburbs which seemed affordable just 6-7 years ago are now out of reach for many buyers today.
The big question now is:
* Would you still buy in Perth today?
* If so, which suburbs or price points would you be targeting?
Perth continues to benefit from strong population growth, tight housing supply, low vacancy rates and improving infrastructure - but after such a strong run, where do you see the next opportunities emerging?
