Emma Oliver
Cottesloe, WA+7
Perth · Inner Perth
South Perth is a prestigious, affluent suburb offering breathtaking skyline and Swan River views. It blends high-density apartment living with grand character homes and modern mansions. The area is defined by its extensive foreshore parklands, vibrant café culture along Angelo Street, and convenient ferry access to the CBD, attracting a mix of wealthy professionals, established families, and downsizers seeking a premium lifestyle.
Market snapshot
Price register · May 2026
Median house
$2.00M - $2.70M
Mid-band $2.35Mspread 30%
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Create Your Free ProfileLast reviewed 13 May 2026
Median unit
$750,000 - $1.00M
Mid-band $875Kspread 29%
Days on market
~29-67 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
15% to 25%
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
1.9% to 2.9%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+44% to +64%
cumulative since 2021Who buys here
High-income professionals · Downsizers seeking luxury apartments · Established families
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The South Perth property market is one of Perth's most prestigious and resilient, characterized by its high-value real estate and strong buyer demand. As of early 2026, the market continues to demonstrate robust growth, with the median house price reaching approximately $2.35 million, a significant increase of 28.7% over the past twelve months. The unit market is also performing exceptionally well, with a median price of $880,000, up 24.8% in the same period. This impressive trajectory is underpinned by a combination of factors, including the suburb's irreplaceable location, limited housing supply, and sustained demand from high-income demographics.
Supply and demand dynamics are a key driver of the market's strength. South Perth is a tightly held suburb, with an average property hold period of over 11 years. This low turnover, coupled with a limited pipeline of new detached housing, creates intense competition for available properties. Days on market are relatively low for a premium suburb, averaging around 48 days for houses, indicating that well-priced, quality homes are selling quickly. While the overall Perth market has seen a surge in values, South Perth's performance is also fueled by its unique lifestyle proposition. The suburb's appeal is not just in its proximity to the CBD but in its village atmosphere, extensive green spaces like Sir James Mitchell Park, and the stunning river and city views, which command a significant price premium.
Investment in infrastructure and local amenities continues to bolster property values. The ongoing development of the South Perth foreshore and the high-density zoning in specific precincts have led to the construction of new luxury apartment towers, such as Civic Heart. These developments cater to the strong demand from downsizers and professionals seeking low-maintenance, high-amenity living. However, this has also created a two-tiered market, with a clear distinction between the prices for apartments and the much higher values for scarce land and detached houses. The rental market is tight, with a low vacancy rate of around 1%. While rental yields for houses are modest at 2.4%, the unit market offers a healthier return of approximately 4.5%, attracting investors focused on both cash flow and long-term capital appreciation. The market's long-term outlook remains positive, supported by Perth's strong economy and population growth, ensuring South Perth's status as a blue-chip investment location.
With its stunning views and tightly held real estate, South Perth offers a blue-chip investment in a premium lifestyle.
Why a buyers agent
Navigating the South Perth property market requires a nuanced understanding that goes beyond median price trends. It's a suburb of distinct micro-markets; the price and demand for a 1970s apartment block can be worlds apart from a modern luxury tower on the peninsula or a character home in the leafy streets near Angelo Street. An experienced buyer's agent provides crucial off-market access, which is vital in a suburb where many of the best properties are sold discreetly to avoid a public campaign. They possess an intimate knowledge of building quality, strata histories, and the true value of a specific view or street, which can be opaque to outsiders. Furthermore, in a market where emotional buying is common due to the stunning vistas, an agent acts as a crucial, objective buffer, ensuring you don't overpay in a competitive negotiation. They can identify which properties have genuine potential for capital growth versus those that have already reached their price ceiling.
Enjoy breathtaking, protected views of the Perth CBD skyline and Swan River. The extensive foreshore provides a world-class natural playground for walking, cycling, and recreation, defining a relaxed yet sophisticated lifestyle.
Located just 3-4km from the CBD, South Perth offers unparalleled access via ferry, bus, and freeway. The quick ferry ride from Mends Street to Elizabeth Quay is a unique and highly prized commuting option.
As one of Perth's most prestigious and tightly held suburbs, property in South Perth is a secure, long-term investment. Consistent high demand and limited supply underpin strong capital growth for both houses and apartments.
The suburb is home to elite schools like Wesley College, the Royal Perth Golf Club, Perth Zoo, and a vibrant dining scene on Angelo and Mends Streets, providing a high standard of living for residents.
Compare
| Metric | This suburbSouth Perth | NearbyVictoria Park | NearbyWest Perth |
|---|---|---|---|
| Median house | $2.00M - $2.70M | $975,000 - $1.30M | $1.05M - $1.45M |
| Median unit | $750,000 - $1.00M | $475,000 - $650,000 | $525,000 - $725,000 |
| Auction clearance | 15% to 25% | — | — |
| Days on market | ~29-67 days | ~7-17 days | ~7-17 days |
| Year-on-year growth | +24% to +34% | +13% to +23% | +2% to +12% |
| 5-year growth | +44% to +64% | +56% to +76% | +37% to +57% |
| Rental yield | 1.9% to 2.9% | 2.8% to 3.8% | 2.5% to 3.5% |
| Postcode | 6151 | 6100 | 6005 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
South Perth is an iconic inner-city suburb renowned for its unparalleled views of the Perth CBD skyline across the Swan River. Its character is a sophisticated blend of leafy residential streets, high-end apartment towers, and vibrant commercial precincts. The suburb's most defining feature is the South Perth Foreshore and Sir James Mitchell Park, a vast expanse of green space that hosts community events, food trucks, and provides a scenic route for cyclists and pedestrians.
Education is a major drawcard for families, with several highly regarded schools located within or near the suburb. These include South Perth Primary School, St Columba's Catholic Primary School, and the prestigious independent Wesley College. Nearby secondary options include Como Secondary College.
Transport connectivity is excellent. The Mends Street Jetty provides a direct and scenic ferry service to Elizabeth Quay in the CBD, a popular choice for commuters and tourists alike. The suburb is also well-serviced by Transperth buses along major arteries like Canning Highway and Mill Point Road, and offers quick access to the Kwinana Freeway via the Narrows Bridge.
For shopping and dining, the Angelo Street precinct is a bustling hub with cafes, boutiques, and a Coles supermarket. The Mends Street area also offers a range of restaurants and cafes, many with river views. Notable landmarks include the historic Windsor Hotel, the Royal Perth Golf Club, and the world-famous Perth Zoo, making South Perth a destination for both residents and visitors.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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