East Fremantle units grew nearly $500,000 in value over the last financial year, leading the market during what is expected to be the last hurrah for Perth’s property boom.
New data released by the Real Estate Institute of WA shows the median for East Fremantle units jumped more than 50 per cent — or $463,000 — over 12 months.
The median house price across Greater Perth increased 16.3 per cent over the financial year to a median of $930,000, while the median unit sale price jumped 21.8 per cent growth to hit $670,000.
REIWA president Suzanne Brown said lower-than-average new listings and ongoing strong demand for most of the financial year set Perth up for a year of massive price growth over the 2025/26.
“However, we saw a shift in the market in the June 2026 quarter,” she said.
“The number of new listings coming to market increased, exceeding the five-year average for new listings.
“Demand also eased as a result of three consecutive interest rate increases, the rising cost-of-living, ongoing uncertainty surrounding the conflict in the Middle East, and the Federal Government’s changes to taxation policy.
“This has eased the upward pressure on property prices and we expect to see the rate of price growth slow significantly over 2026//27.”
The data shows a raft of new suburban properties on the market, with Yokine apartments flying off the shelf in the fastest time, in only five days of listing.
Stratton was not far behind, leading the house sales market with a six-day sales period.
Viveash led the house market for price hikes, separate to the unit market, with houses up 45.5 per cent in value, or about $389,000.
Investors chasing rental yield had their best run in Beckenham, where units have experienced an astonishing 6.6 per cent yield.
The market was best in Cannington for house investors, with a 5 per cent yield.
Ms Brown said Perth still provided good yields for investors, but had declined slightly from 2024/25.
The top 10 suburbs for houses all recorded yields over 4.6 per cent compared to 5.2 per cent in 2024/25.
In the unit market the top 10 suburbs all achieved yields over 5.9 per cent, compared to 6.8 per cent for 2024/25.
“Interestingly, there were several suburbs in the 2025/26 top 10 list for yields that were also on the 2024/25 list, indicating strong, consistent investment potential,” Ms Brown said.
“For houses, these suburbs were Cannington, Balga, Bentley, Midland, Langford, and Brabham. For units they were Beckenham, Glendalough, Spearwood, Perth, Rivervale, and East Perth.”
Ms Brown said there had not been a significant exodus of investors following changes to negative gearing and capital gains tax.
She said she had concerns rent prices would increase as investment be came less attractive to new investors.
Perth’s median weekly house rent price is already at a record high of $750, which was 9.5 per cent higher than at the end of 2024/25.
Median weekly unit rent price rose 7.7 per cent over the financial year to $700.
“If supply remains static or, worse, declines again, we will see increased upward pressure on rent prices and affordability,” Ms Brown said.
“And while the changes to negative gearing and the capital gains tax discount may drive investors towards new builds, it will take 12 to 18 months before these come to the market and provide any additional new supply.”