Perth’s Unit Market Continues to Perform

While Perth property prices continued to rise throughout 2025-26, it was the unit market that emerged as one of the year’s strongest performers.

Perth’s median unit sale price increased 22.7 per cent over the year to $675,000, outpacing the 16.9 per cent growth in the median house price, which reached $935,000. Strong buyer demand combined with lower-than-average levels of new listings for much of the financial year helped support this growth.

However, not all types of units performed in the same way. Home units recorded the strongest annual price growth, increasing 24.2 per cent to a median of $615,000, closely followed by villas at 23.7 per cent and apartments at 23.3 per cent. Townhouses remained the most expensive category, reaching a median sale price of $890,000 after growing 18.7 per cent.

The longer-term figures are particularly interesting. Over the five years to 2025-26, the median villa price more than doubled, increasing 103.1 per cent from $350,000 to $711,000. Home units rose 75.7 per cent over the same period, while apartments recorded the lowest five-year growth of the four categories at 48 per cent.

Strong demand, faster sales

Units have also been selling considerably faster than they were five years ago. Villas were the quickest-selling category during 2025-26 at a median of nine days, followed by home units and townhouses at 11 days and apartments at 13 days. By comparison, the overall median selling time for units was 44 days in 2020-21.

The rental market remained strong as well. Median weekly rents increased across every unit type, with home units recording the largest annual increase of 9.1 per cent to $600 per week. Apartments and villas both increased 7.7 per cent to $700 per week, while townhouses reached $795 per week.

For investors, villas and home units recorded rental yields of 5.1 per cent during the financial year. Rental yields have generally eased despite rising rents, reflecting the particularly strong growth in property values.

A changing market

While the 2025-26 results were exceptionally strong, the market began to show signs of easing towards the end of the financial year. New listings returned closer to long-term averages, while buyer demand softened following interest rate increases and reduced activity from investors and first home buyers.

This means the significant growth recorded over the past year should not necessarily be expected to continue at the same pace through 2026-27. Conditions can also vary considerably between suburbs and property types, making local market knowledge increasingly important.

After an exceptional year for Perth’s unit market, changing supply and demand conditions make understanding the performance of your particular property and suburb more important than ever.