Perth has transitioned from a hidden gem to a high-octane market, fueled by persistent supply shortages and a booming resource sector. While new residential developments are breaking ground, they are struggling to keep pace with record-breaking migration and high demand. Verdict: Perth remains the best value-for-money capital in Australia, but the window for entry-level buyers is closing as prices stabilize at a new, higher floor.
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Offers expansive green spaces and modern school catchments at a more accessible price point than the inner suburbs.
The undisputed heart of Perth’s entertainment scene, featuring the city's highest density of bars, clubs, and late-night eateries.
Provides a unique combination of coastal lifestyle and affordability compared to the surging central districts.
Top-rated zones for tenants
In Western Australia, most buyers use a settlement agent (conveyancer) to handle the legal transfer of land, though lawyers can also perform this service for more complex contracts.
While negotiable, the standard settlement period in Perth is typically 28 to 60 days after the contract becomes unconditional or finance is approved.
Yes, foreign purchasers are generally subject to a 7% Foreign Transfer Duty Surcharge on top of the standard residential stamp duty rates.