Perth remains in positive annual territory, but September’s Ray White Now data points to a more measured market than the headline growth figures alone might suggest.
Perth’s median house price reached $970,000, up 3.8% over the year, while the median unit price reached $680,000, up 6.3%. Nationally, however, August house sales were 10.5% lower than a year earlier and unit sales were down 5.7%. Auction clearance was 47.6% in early September, with an average of 1.7 active bidders per property.
This distinction matters. Annual growth describes the movement over the previous 12 months. Sales volumes, listings and buyer competition offer a clearer view of current momentum. Locally, the same principle applies: all four suburbs recorded strong annual house-price growth, but the supply picture varied considerably.
Cannington’s median house price was approximately $880,000 in July, up 18.7% over the year. The median unit price was approximately $650,000, with stronger annual growth of 20.9%.
New listings increased 10% from June to 22 properties. That gives buyers slightly more fresh choice, although listings remained 29% below July 2024. For sellers, strong annual price growth remains supportive, but the increase in competing stock makes recent comparable sales, presentation and launch timing important.
Rental conditions also remained firm. The median house rent was approximately $750 per week, up 7.1% annually, while unit rents reached approximately $690 per week, up 8.7%.
East Cannington’s median house price was approximately $920,000, up 19.3% annually. The median unit price was approximately $630,000, up 14.5%.
New listings rose 15.4% over the month to 15. The report also records a 150% annual rise, but that large percentage reflects a small base and should be read alongside the actual count. Buyers had more new options than in June, while sellers faced more direct comparison between available homes.
The median house rent was approximately $750 per week, up 2.7% over the year. Unit rents were approximately $675 per week, up 3.8%. Rental growth was positive but more moderate than in the other three suburbs.
Beckenham’s median house price was approximately $880,000, up 20.7% annually. Its median unit price was approximately $560,000, up 12%.
The suburb recorded the strongest monthly increase in new listings of the four areas, rising 26.7% to 19. Even after that rebound, listings were 24% below July 2025. This is a useful reminder that a monthly increase does not necessarily mean supply is abundant.
The median house rent reached approximately $730 per week, up 9.8% annually. Unit rents rose 11.7% to approximately $670 per week, making Beckenham’s unit-rental movement one of the month’s more useful investor indicators.
Queens Park recorded the strongest annual house-price growth of the four suburbs. Its median house price was approximately $920,000, up 23.6%, while the median unit price was approximately $640,000, up 9.4%.
Supply moved in the opposite direction to the other three suburbs. New listings fell 35.3% from June to 11 and were 8.3% lower than a year earlier. For buyers, that meant fewer fresh opportunities. For sellers, limited new supply may help a well-positioned property stand out, although the result of any individual campaign still depends on price, presentation and buyer fit.
Queens Park also recorded the strongest house-rent growth of the group. The median was approximately $780 per week, up 13.9% annually. Unit rents reached approximately $700 per week, up 7.7%.
The strongest shared story is not simply that local prices rose. It is that similar annual growth figures sit beside very different levels and directions of supply.
Cannington, East Cannington and Beckenham all recorded more new listings than in June. Queens Park recorded substantially fewer. That changes the practical experience for buyers and sellers, even when annual price movements look broadly similar.
For homeowners, a suburb median is a starting point rather than a valuation. Property type, condition, land, accommodation and the number of competing homes all matter.
For investors, rents remain supportive, but growth ranged from 2.7% for East Cannington houses to 13.9% for Queens Park houses, reinforcing the need to assess each property and tenant market individually.
Want to understand how the latest figures relate to your home or investment property? Speak with Team Cameron for a local, property-specific view.
Cameron Smart | 0411 598 969
Eboni Freight | 0403 748 357
team.cameron@raywhite.com
Cameron Smart and Ray White Canning River have been recognised at the 2026 REIWA Awards for strong auction results, reflecting the strategy, buyer follow-up and campaign process behind every auction.
Team Cameron at Ray White Canning River celebrates a strong 2025/2026 financial year, with Cameron Smart and Eboni Freight recognised at the Ray White WA Annual Awards following 42 auction campaigns and 31 properties sold under the hammer.