Perth’s Million-Dollar Club Expands to 126 Suburbs

Perth’s property market reached another milestone in 2025, with 126 suburbs now recording a median house sale price of $1 million or more.

An additional 32 suburbs joined the so-called “million-dollar club” over the past year — 30 of them new entrants — reflecting the strength and breadth of price growth across Greater Perth. Northbridge and Wattleup also returned to the list after previously dropping below the threshold.

The expansion follows another year of strong growth, with Greater Perth’s median house sale price rising 13.3 per cent in 2025. This builds on the significant 25 per cent increase recorded in 2024, when a record 37 suburbs entered the million-dollar bracket.

If price growth continues at the expected pace, the number of million-dollar suburbs could reach 150 by the end of 2026.

Strong Growth Across a Broad Range of Suburbs

Among the new entrants, Samson recorded the strongest annual growth, with its median house price rising 40.5 per cent to $1.25 million. Brentwood followed with 37.1 per cent growth, while Serpentine, Roleystone and Maylands also posted notable increases.

The list of million-dollar suburbs now stretches well beyond Perth’s traditional premium coastal and riverside locations, highlighting how sustained demand and limited supply have pushed values higher across a wide range of areas.

Perth’s Most Expensive Suburbs

Peppermint Grove retained its position as Perth’s most expensive suburb, with a median house sale price of $5.1 million at the end of 2025.

Other high-performing suburbs include:

• Dalkeith – $3.51 million

• City Beach – $3.23 million

• Cottesloe – $3.15 million

• Applecross – $2.8 million

• Swanbourne – $2.68 million

• Watermans Bay – $2.62 million

• Mosman Park – $2.62 million

• Trigg – $2.38 million

A number of well-established inner-city and lifestyle suburbs also feature prominently, including Mount Lawley ($1.68 million), Subiaco ($2.07 million), Mount Hawthorn ($1.69 million) and Inglewood ($1.42 million).

Some Suburbs Exit the List

While most movement has been upward, six suburbs fell out of the million-dollar club during 2025. In some cases, this reflected a softening in median sale price, while others had no qualifying sales recorded during the year.

What This Means for Homeowners and Buyers

The growth in million-dollar suburbs reflects more than just headline figures — it signals how broadly price growth has spread across Perth.

For homeowners, it may be an opportunity to reassess equity and long-term plans. For buyers, it reinforces the importance of understanding local market conditions and acting decisively in competitive areas.

As Perth continues to evolve, the widening reach of the million-dollar median highlights the city’s ongoing appeal — and the need for informed, strategic decision-making in the year ahead.