Over the past few years, Perth has gone from being one of Australia’s most underrated property markets to one of its strongest performers. With rising demand, tight supply, and increasing attention from both local and interstate buyers, many are now asking the same question:
Is Perth still affordable in 2026? And is it still worth buying?
The short answer is yes, but understanding why is key to making a smart decision in today’s market.
Perth continues to offer a level of affordability that is difficult to find in other major Australian cities. While prices have grown significantly compared to previous years, they still remain more accessible than markets like Sydney or Melbourne. This creates opportunities for first home buyers, families, and investors who may have been priced out elsewhere.
However, affordability is no longer just about price, it’s about value. Buyers today are looking closely at what they get in return: lifestyle, location, long term growth, and rental potential. Perth stands out because it delivers across all of these areas.
One of the biggest factors shaping the market right now is limited housing supply. New construction has not kept up with demand, and available listings remain relatively low. At the same time, population growth continues to rise, driven by interstate migration and international arrivals. This imbalance between supply and demand is one of the key reasons property prices have remained resilient.
For buyers, this means that timing and strategy matter more than ever. Well presented homes in desirable locations are often attracting strong interest, and in some cases, multiple offers. Being prepared both financially and mentally is essential in this type of environment.
From a lifestyle perspective, Perth continues to offer something that many other cities struggle to match. The combination of coastal living, open spaces, and a more relaxed pace of life makes it especially attractive to those seeking balance. Whether it’s morning walks along the beach, weekends in parks, or access to growing urban hubs, the lifestyle component plays a major role in ongoing demand.
Another important trend to watch is infrastructure and development. Continued investment in transport, amenities, and new communities is helping shape Perth’s future. Areas that are well-connected or undergoing development often present strong potential for growth, making them appealing for both homeowners and investors.
That said, today’s market requires a more informed approach than ever before. Buyers need to look beyond just the price and consider factors such as location, accessibility, future development, and lifestyle alignment. Not all areas perform the same, and choosing the right suburb can make a significant difference over time.
So, is Perth still affordable? Compared to other major cities yes. But more importantly, it still offers strong value.
For those considering entering the market, the opportunity is still there. The key is understanding where and how to position yourself.
As a real estate professional, my role is to help clients navigate these changing conditions with clarity and confidence. Whether you’re buying your first home, upgrading, or investing, having the right guidance can help you make decisions that align with both your lifestyle and long term goals.
Perth’s market is evolving but for many buyers, it remains one of the most compelling places in Australia to make a move.
