Perth real estate market — prices, rental yield and trend

• Gross rental yield: 4.54%
• 12-month price change (USD): 14.27%
• Net rental yield: 3.18%
• Transaction cost: 7.3%
• Price basis: local-market average

Perth is one of the 271 property markets Glopra tracks. In local currency the same twelve months read +5.9%; the 8.4-point gap is the exchange rate, not the housing market.

What a buyer pays in Perth

Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 7.3% of the price here. That is below the 10.3% median across the set, which shortens the time it takes for a purchase to break even.

What it earns

The typical home here lets for about $1,989 a month against a purchase price of $525,615, which is 4.5% gross before tax. Neither figure is quoted per square metre in this market, but both come from the same source, so the ratio between them holds. It ranks 173rd of 269 markets by gross yield. Rental income is taxed at 30%, which takes the yield down to 3.2% net. The 1.4-point difference between the gross and net figure is the part most listing sites leave out.

How the tax works. Flat 30% in practice: a foreign resident pays 30 cents per dollar on the first AUD 135,000 with no tax-free threshold and no Medicare levy, and the 37% bracket only begins at roughly USD 95,000 of annual rent. The 32.5% figure still quoted in places relates to tax years up to 2023-24. Source: ato.gov.au.

Who can buy in Perth

New-build only; established homes banned (2025-2027). That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Perth is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Perth be compared with a country average or another city.

Sources: SQM Research asking prices + weekly rents (same publisher, same city, units) · sqmresearch.com.au. Snapshot: 2026-10-17.