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Clear out junk files and repair common Windows errorsFree Scan →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →In 2025, 26.4% of Perth houses sold for at least $1 million, according to CoreLogic data reported by PerthNow on 19 May 2025. That figure measures the share of house sales crossing the threshold—not the share of all homes worth that much, or the share of suburbs with million-dollar median prices. The same report highlighted individual seven-figure sales in suburbs often associated with more affordable housing, including Mirrabooka, Eden Hill, Thornlie and Wanneroo.
What does “one in four” mean?
The 26.4% figure refers to houses sold in Perth for $1 million or more, based on CoreLogic data as reported by PerthNow in May 2025. It is a transaction share: roughly one in four house sales met or exceeded the threshold. It does not mean one in four Perth homes had a market value above $1 million, and it does not mean one in four suburbs had a million-dollar median.
The same report put the share at 10% in 2023 and 5% in 2021. Those comparisons show how much more common seven-figure house sales had become by 2025; they do not, by themselves, describe price changes for every suburb or property type.
Where did the reported million-dollar sales occur?
PerthNow’s May 2025 report named sales in suburbs beyond the city’s traditionally high-priced coastal and inner-city locations. Its examples included Westminster, Wanneroo, Mirrabooka, Eden Hill, Thornlie and Morley, as well as Kenwick, Bushmead and Kelmscott.
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Examples are individual transactions, not suburb medians
The report recorded a $1.14 million sale in Westminster in March 2025 and also cited seven-figure sales in Wanneroo, Mirrabooka, Eden Hill, Thornlie and Morley. These are examples of particular houses changing hands above the threshold. A single sale—or even several—does not establish that a suburb’s typical sale price is $1 million, nor that every home there is worth that amount.
That distinction matters for buyers: a million-dollar sale can reflect the specific property, its condition, size, land, location within a suburb and the circumstances of the transaction. The examples demonstrate that the threshold had reached a wider range of locations, not that those suburbs had all become uniformly million-dollar markets.
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Why later Perth price figures are not direct updates
Later reports describe different measures, providers and dates, so they add context rather than replace the 2025 sales-share statistic.
| Figure | What it measures | Source and period |
|---|---|---|
| $1,087,762; 9.9% quarterly growth | Domain’s average Perth house price after growth in the final quarter of 2025 | Domain, as reported by ABC News on 19 January 2026 |
| $840,000 | Perth median house sale price in December 2025 | REIWA, as reported by ABC News on 19 January 2026 |
| $938,000, preliminary | Perth median house sale price at end-June 2026 | REIWA, 30 July 2026 search-result summary |
ABC News noted that Domain’s average and REIWA’s median differ because of methodology. An average and a median are calculated differently, and the figures also come from different providers and reference periods. Neither can be treated as a like-for-like update to the share of individual sales above $1 million.
More suburbs have million-dollar medians—but that is a separate measure
REIWA’s 22 July 2026 summary said 167 suburbs—41.4% of the suburbs in its set—had a median house sale price of at least $1 million at end-June 2026. Five years earlier, the comparable summary counted 42 suburbs, or 10.4%. These figures count suburbs whose median reached the threshold; they do not count the proportion of house transactions above it. The figures come from REIWA’s search-result summary rather than a full page available for review.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.The boom’s affordability consequence
ABC News reported Domain’s estimate that Perth households were spending 39.5% of income on a median mortgage, compared with 22.3% in 2019. ABC also reported Domain’s finding that more than 50 Perth suburbs had doubled house prices over five years, with Orelia up 154%. These are Domain measures as reported by ABC, not calculations from the CoreLogic sales-share statistic.
Perth property analyst and valuer Gavin Hegney told ABC that “There’s fewer and fewer properties looking like they’re really good value for money, but they do exist because a boom doesn’t happen in unison right across all suburbs,” underscoring that price growth is uneven. Domain chief of research and economics Nicola Powell said: “While price growth is expected to moderate, affordability challenges will persist unless housing supply improves.”
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