Peppermint Grove Property Market & Buyers Agents 2026

The Peppermint Grove property market represents the zenith of Perth's real estate ladder, a tightly held enclave where prestige and location command significant premiums. The median house price currently sits at an astonishing $6.58 million, a figure that has seen a dramatic year-on-year surge of 70.8%. This meteoric rise, while partly reflecting the low volume of sales and the impact of a few trophy home transactions, underscores the intense, resilient demand for property in this suburb. Supply is exceptionally constrained, a key dynamic underpinning its long-term value. With just 1.1 square kilometres of land and strict planning controls, new development is virtually non-existent, meaning buyers are competing for a finite pool of established, often heritage-listed, estates. Properties are held for long periods, with an average hold of over 10 years, further squeezing available stock.

Demand is driven by a wealthy, established demographic who prioritise lifestyle, exclusivity, and proximity to elite schools and the Swan River. The market is somewhat insulated from typical economic pressures, though not entirely immune. The low rental yield of just 2.1% for houses confirms that investors are overwhelmingly focused on long-term capital appreciation rather than immediate income. Properties that do come to market are sold quickly, with an average of just 23 days on market, indicating that buyers are decisive and ready to act when a suitable opportunity arises. The unit market is small and can be volatile, as evidenced by a negative growth figure over the past year, likely due to the small sample size and variation in apartment quality and location. For houses, the five-year growth of over 119% demonstrates the suburb's powerful performance as a store of wealth and a blue-chip investment.

Peppermint Grove is an affluent, picturesque suburb nestled on the north bank of the Swan River's Freshwater Bay. Named for the native peppermint trees that grace its streets, it is Perth's most exclusive residential area. The suburb's character is defined by its tranquil, leafy avenues, grand Federation and contemporary mansions, and a pervasive sense of privacy and affluence.

Education is a major drawcard, with the prestigious Presbyterian Ladies' College (PLC) located centrally within the suburb. Cottesloe Primary School also falls within its boundaries, offering a highly regarded public option. Other elite schools such as St Hilda's Anglican School for Girls and Iona Presentation College are in close proximity.

For recreation, residents enjoy manicured parks and foreshore reserves, including the popular Manners Hill Park and Keanes Point Reserve, which offer jetties and stunning river views. The Peppermint Grove Tennis Club and the Royal Freshwater Bay Yacht Club are iconic local institutions.

While the suburb itself is almost entirely residential, it is bordered by convenient commercial and retail precincts. The local Grove Plaza provides for daily needs, while the vibrant Napoleon Street in neighbouring Cottesloe offers a range of boutique shops, cafes, and restaurants. For a more extensive gourmet food experience, the Boatshed Market is just a short drive away.

Transport is convenient, with Stirling Highway forming the suburb's western border, providing direct access to the Perth CBD (12km away) and Fremantle. The nearby Cottesloe and Mosman Park train stations on the Fremantle line offer an efficient public transport alternative.