Perth, Australia
Property prices · 2024 · Oceania
Property price trend in Perth (2024–2026)
Property comparison — cities in Australia (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Perth |
|---|---|---|---|---|
| Perth | AUD 7,800 | AUD 5,200 | AUD 1,600 | — |
| Sydney | AUD 18,500 | AUD 11,500 | AUD 2,800 | +137.2% |
| Melbourne | AUD 14,500 | AUD 9,200 | AUD 2,200 | +85.9% |
| Canberra | AUD 11,000 | AUD 7,200 | AUD 2,200 | +41% |
| Gold Coast | AUD 10,200 | AUD 6,700 | AUD 2,100 | +30.8% |
| Brisbane | AUD 9,800 | AUD 6,500 | AUD 1,800 | +25.6% |
| Adelaide | AUD 8,500 | AUD 5,600 | AUD 1,900 | +9% |
Other Oceania cities (2024)
Frequently asked questions
How much does property cost in Perth in 2024?
In Perth, the average price per sqm in the city centre is AUD 7,800, and AUD 5,200 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Perth in 2024?
A 1-bedroom apartment in Perth rents for approximately AUD 1,600 per month in 2024. A 3-bedroom apartment costs around AUD 3,000/month.
Is it better to buy or rent in Perth?
Buying and renting are roughly comparable in Perth. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.20%.
What are mortgage rates in Australia in 2024?
The average mortgage rate in Australia is approximately 6.20% as of 2024. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Perth?
The average property price per square metre in Perth city centre is AUD 7,800 in 2024. Outside the centre, expect to pay around AUD 5,200/sqm.