While global headlines are dominated by trade wars, tariff uncertainty, and economic jitters, one market is quietly doing something remarkable: Perth just kept growing.
The numbers speak for themselves. According to REIWA, Perth's median house price hit a record $840,000 at the end of 2025 REIWA, and REIWA is now forecasting the median house price to rise by more than 10% in 2026, with units potentially seeing 15–20% growth. REIWA
So what's actually driving this in a world that seems increasingly uncertain?
- The fundamentals are ironclad Perth's prices continue to be driven by a significant imbalance between supply and demand, with population growth running at 2.2% annually. REIWA eople are choosing WA — and houses simply aren't keeping up.
- Stock is critically tight Advertised listings are sitting around 45% below the five-year average, with homes selling in a median of just 9 days OpenAgent that's not a hot market, that's a market on fire.
- WA's economy is the engine room of Australia CommSec ranked WA as the nation's #1 performing economy for the fifth consecutive quarter, leading on household spending, housing finance, and investment. Mining, defence (hello, AUKUS), and energy exports mean WA earns when the world is uncertain — not despite it.
- Relative affordability still attracts buyers Even with the median dwelling value now sitting at $961,898, Perth still attracts buyers seeking relative value compared to the east coast. Sydney buyers in particular look at Perth and still see opportunity.
- Confidence hasn't cracked Yes, REIWA acknowledged the risk of Trump tariffs impacting global trading partners. But here's the thing — Perth's underlying market fundamentals remained strong, with properties continuing to sell quickly and demand for established housing staying high REIWA even as those headwinds emerged.