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Perth’s million dollar club reached 126 suburbs in 2025
Perth’s Million-Dollar Club Reached 126 Suburbs in 2025
Perth’s property market reached a major milestone in 2025, with 126 suburbs now part of the million-dollar club, meaning their median house price reached $1 million or more. According to REIWA, 32 suburbs joined this elite group last year, reflecting strong price growth across both inner and outer metropolitan areas.
This expansion shows that demand remains high, lifestyle preferences are driving choice, and limited listing volumes are pushing up prices. For buyers and investors, understanding this trend is essential for making informed decisions in 2026.
Suburbs on the Rise
The increase in million-dollar suburbs isn’t limited to traditional premium areas. While coastal and riverside suburbs like Peppermint Grove, Dalkeith, and City Beach continue to dominate, price growth is now extending into eastern, northern, and outer suburbs.
For buyers, this means areas that were previously considered affordable may now require larger deposits or trade-offs in home size, condition, or proximity to amenities. Investors also need to pay attention to these emerging growth corridors for long-term potential.
Source: REIWA. Filtered for suburbs with median house sale prices of $1,000,000 or more for the 12 months to December 2025 as at 22 January 2026. Suburbs in bold indicate those that are new or have returned to the list.
- REIWA publishes an annual median sale price based on settled sales
Filtered for sales under 1 hectare
How a Buyer’s Agent Can Help
Working with a buyer’s agent provides a strategic advantage in a competitive market. We help you:
Assess affordability and long-term holding costs
Compare and negotiate competitive lender offers
Identify value-focused and off-market opportunities
Make confident property decisions without emotional bias
Whether you’re entering the market for the first time or expanding your portfolio, our expert guidance ensures that you can confidently navigate Perth’s ever-evolving property landscape with ease and clarity
General Advice Warning: The information in this article is general in nature and does not take into account your individual circumstances, financial situation, or goals. It was accurate at the time of publication and may not reflect current market conditions or legislation. This article should not be relied upon as a substitute for professional financial, legal, or tax advice. Always seek guidance from a licensed adviser before making financial decisions. Where information from third-party sources is referenced, it has been sourced from reputable outlets in good faith, but Edge Property Solutions cannot guarantee its ongoing accuracy.