Published by Ben Grummels, publisher of HouseSalePerth.com.auPerth leads with the highest monthly property prices of any Australian capital city, recording a 1.9% increase in a single month — well ahead of Sydney, Melbourne, Brisbane, and every other major market. This latest result confirms what industry analysts have been saying for some time: Perth is the standout performer in the current property cycle, and there is little sign of that changing soon.For homeowners, buyers, and investors, the message is clear. While other capital cities cool, stall, or slide backwards, Perth’s property market continues to power ahead, fuelled by population growth, a persistent housing shortage, and pricing that remains comparatively accessible.
Why Perth Leads With the Highest Monthly Property Price Growth
Perth’s monthly growth rate has consistently outpaced every other Australian capital, and the drivers behind the latest 1.9% increase are well understood:- Record population growth — Perth continues to record the strongest population growth of any Australian capital city, driven by interstate and overseas migration.
- Persistent housing undersupply — new home completions have failed to keep pace with demand, and total listings remain well below long-term averages.
- Comparative affordability — despite recent gains, Perth remains more accessible than Sydney and Melbourne, attracting buyers and investors chasing value.
- Fast-moving stock — homes in Perth typically sell in around two weeks, roughly half the time of the combined capital cities, underlining just how tight the market remains.
Perth vs Other Australian Capital Cities: Monthly Property Price Comparison
The gap between Perth and the rest of the nation has become one of the defining stories of this property cycle. While Perth pushes to record highs, other capitals are telling a very different story:- Perth — leads the nation with the highest monthly property price growth, sitting at a record high with annual growth around 24%.
- Brisbane — also performing strongly, benefiting from many of the same undersupply and migration pressures as Perth.
- Adelaide — a consistent performer, posting solid monthly and annual gains.
- Darwin — another standout, sitting at a record high with strong annual growth.
- Sydney — modest annual growth, with values still below their record high from earlier in the year.
- Melbourne — the weakest of the major capitals, with values easing both monthly and annually.
- Canberra and Hobart — comparatively flat, trailing well behind the leading growth markets.
Perth Property Price Forecast: What’s Next?
Looking ahead, most major forecasters agree Perth is set to remain Australia’s strongest-performing property market, though growth is expected to moderate from recent highs.Perth Forecast
- Major bank forecasts range broadly through the high single digits into double digits, with some analysts calling for annual growth above 12%.
- Units are expected to outperform houses as affordability pressures push more buyers toward higher-density housing.
- A cooling phase is widely tipped for 2027, as rising interest rates and stretched affordability weigh more heavily on buyer capacity.
Other Capital City Forecasts
- Brisbane — expected to remain one of the strongest performers nationally, supported by similar supply and migration tailwinds.
- Adelaide — forecast to post healthy, sustained growth as a consistent mid-tier performer.
- Sydney and Melbourne — forecast for comparatively modest growth, constrained by affordability ceilings and higher borrowing costs.
- Darwin — expected to continue benefiting from renewed demand and record-high conditions, though volatility remains a factor.
- Hobart and Canberra — likely to remain the laggards, with limited near-term growth expected.
What Perth Leading the Market Means for You
Sellers continue to enjoy favourable conditions, though the days of dramatic month-on-month leaps may be numbered. Pricing with precision, rather than banking on runaway growth, is increasingly important as the market matures.Buyers should note that Perth’s affordability gap is closing quickly. Acting sooner rather than later may help avoid paying a premium as prices continue their upward trajectory.Investors continue to find Perth compelling thanks to its combination of strong capital growth and healthy rental yields, particularly in the unit segment.Frequently Asked Questions
Why does Perth lead with the highest monthly property prices?
Perth leads with the highest monthly property prices because of strong population growth, chronic housing undersupply, tight listings, and relative affordability compared with Sydney and Melbourne, which continues to drive buyer demand higher than any other Australian capital city.How much did Perth property prices rise this month?
Perth property prices rose 1.9% in the month, the strongest monthly gain of any Australian capital city, taking annual growth to around 24% and pushing the median dwelling value past one million dollars.Will Perth property prices keep rising in 2026?
Most major bank and industry forecasts expect Perth property prices to keep rising through 2026, though at a more moderate pace than the recent peak, with growth likely to ease further into 2027 as affordability and interest rates weigh on demand.The Bottom Line
Perth leads with the highest monthly property prices of any Australian capital city, confirming a structural shift that has seen the city outperform the rest of the country for an extended period. With tight supply, strong migration, and sustained demand all pointing in the same direction, Perth looks set to remain Australia’s property growth leader, even as the market gradually moves from a red-hot boom into a more measured, sustainable pace.HOME HOUSE SALE PERTH
Perth Leads With Highest Monthly Property Prices Growth in Australia