Perth CBD Outpaces Itself: Quarterly Price Growth Surges Over 2025 Levels

Residential property values in Perth CBD have recorded another robust quarter, outstripping the same period last year in both momentum and price achievement. Multiple datasets released this week confirm that the city centre’s median unit price grew more than 4% over the April-June period compared to Q2 2025, continuing a streak of positive movement for both owner-occupiers and investors.

This jump matters for city dwellers and investors alike, especially as new supply remains tight on streets like William and Wellington. The surge could influence decisions for buyers hesitating on the sidelines, and also adds pressure to long-term renters who already feel a squeeze in prime postcodes. With post-pandemic patterns still evolving, city core real estate is holding its own despite broader economic concerns making global headlines in mid-2026.

Rallying Activity on Murray Street and Beyond

Local agencies including Ray White City Residential and LJ Hooker Perth have reported a sharp uptick in weekend open home attendance in complexes such as Infinity 88 on Murray Street, and in heritage conversions near Elizabeth Quay. Buyers, both local and from overseas, are targeting properties close to urban workplaces, nightlife, and education hubs like Perth’s TAFE campus. In the last quarter, rental demand ticked up in the precinct wrapped by St Georges Terrace and King Street, with agents point to recent lease renewals and low listing turnover as a signal of market resilience.

Moving into early July, figures from CoreLogic’s June 2026 Home Value Index show the median CBD apartment price reached $522,000-a $21,000 increase from June 2025’s level. The report notes that average days on market for city apartments dropped to 27, down from 34 at the same time last year. The inner-city pipeline, which includes the soon-to-complete The Towers at Elizabeth Quay, has also seen most stages snapped up off-plan, leaving little immediate relief for buyers seeking new stock.

Looking Ahead Through Winter

With limited new housing due to hit the CBD before early 2027, local advisors recommend prospective buyers monitor listing volumes closely. Several inner-city developments have hinted at release dates later this year, but expectations are for continued tight supply and upward price pressure through spring. For renters, periodic lease renegotiations could see median weekly rents in the Hay Street precinct tracking above $600. Anyone eyeing an entry into the CBD market is urged to factor in higher lending rates and keep a close watch on new listings emerging in towers along Adelaide Terrace and Barrack Street. While the latest quarter shows pronounced growth, the sector is bracing for continued competition between buyers and persistent low vacancy, keeping the CBD property scene in sharp focus as Perth moves deeper into winter.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.