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Yes. Cottesloe’s reported median house price fell 11.8% over the 12 months covered by a May 20, 2025 PerthNow report, to $3,087,500. The report attributed the figures to the Real Estate Institute of Western Australia (REIWA). This is a dated suburb-level snapshot, not a current 2026 price or a prediction for any individual home.
How much did Cottesloe house prices fall?
PerthNow reported that Cottesloe’s median house price declined by $364,325 over the 12 months to its May 20, 2025 report, reaching $3,087,500. The 11.8% figure describes the change in the suburb’s median, not a uniform loss on every property. The report attributed these figures to REIWA. PerthNow’s May 2025 report
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A median is a summary of a group of sales: it does not tell a homeowner what their specific property is worth, nor does it show how much each house sold for. The report text available does not give the sales sample size or full calculation methodology.
Was Cottesloe still above its 2020 price level?
Yes. The same report said the median remained 55% above 2020 levels—more than $1 million higher—even after the one-year correction. A sharp annual fall and a substantial longer-term rise can both be true because they use different comparison periods. PerthNow’s report on the longer-term comparison
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What happened to rents and nearby suburbs?
Cottesloe rents
The report said Cottesloe’s median rent fell 18.3% to $1,225 a week, approximately $225 lower. This is the rent figure reported in May 2025, not a current weekly asking-rent estimate. PerthNow’s report on Cottesloe rents
Peppermint Grove and Claremont
PerthNow also reported an 18.3% fall in Peppermint Grove, described as a change of $870,000, and said Claremont prices declined. The report excerpt does not specify the comparison period for Peppermint Grove’s figure, so it should not be read as a directly comparable 12-month statistic. It also noted that some other key western suburbs continued to rise; the Cottesloe result alone does not establish a region-wide correction. PerthNow’s coverage of nearby suburbs
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Are these current Cottesloe prices?
No: they are the figures in a May 2025 report. Later commentary cited Perth-wide house medians of $1 million in March 2026 and $977,000 in June 2026, while noting that settlement data can lag the period when buyers and sellers negotiate. Those citywide figures are not a Cottesloe update and should not be combined with the suburb statistics above. 2026 Perth-wide market discussion
The underlying REIWA suburb-level release, exact sales sample and calculation window are not established by the available report text. Readers looking for a present-day Cottesloe median should use a dated suburb-level series rather than infer it from this historical report or from Perth-wide commentary.
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