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Not according to every current comparison. Domain’s February 2026 first-home-buyer comparison estimates five years and four months to save a standard 20% deposit for a Perth house, while Cotality’s estimate using September 2025 data is 10.8 years. Both figures place Perth in a different comparison with different assumptions; neither establishes it as the nation’s deposit-saving leader. Perth’s housing boom also complicates the picture: prices have risen, and Greater Perth greenfield land supply is tight.
What current comparisons say about saving a deposit
The estimates below are not directly interchangeable. They come from separate reports, use different methods and refer to different data periods. The available reporting does not provide every underlying input needed to reproduce or reconcile them.
| Source and date | Perth estimate | What it measures |
|---|---|---|
| Domain First Home Buyer Report, reported by ABC News, February 2026 | Five years and four months | Estimated time to save a standard 20% deposit for a first house in Domain’s comparison. |
| Cotality, reported by ABC News, November 2025 | 10.8 years | Estimated time for a Perth household to save a standard 20% house deposit, using September 2025 data and Cotality’s separate methodology. |
Neither result makes Perth the clear national leader. Domain’s comparison puts Darwin ahead on time to save. Cotality identifies Darwin and Canberra as the most affordable capital cities on its measure. A ranking can change depending on whether a report compares houses or all dwellings, which household income and savings assumptions it uses, and when its property data was collected.
Why “affordable” needs a definition
Saving time for a deposit is only one measure of housing affordability. It is distinct from whether a household can afford mortgage repayments, how house prices compare with incomes, or the cost of buying new land. Rankings based on one measure should not be treated as rankings on all the others.
#1 Best Overall
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- Characteristic: This household savings jar combines practicality with , making it a great addition to any space. Its user-friendly features make it easy to access your savings while adding a touch of charm to your home decor
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The National Housing Supply and Affordability Council’s State of the Housing System 2025 provides national context, not a Perth-specific estimate: it reports that a median-income household would need 10.6 years to save a deposit and that only 14% of new homes sold in 2023–24 were affordable to a median-income household. The Council reports deposit and mortgage affordability separately and identifies the Northern Territory as having the most affordable new mortgages and home deposits in its comparison.
Rising prices make the saving target harder to reach
Perth’s median house price rose from $486,000 in 2019 to $764,250 in 2024, according to Domain’s May 2025 report. When prices rise, the dollar amount needed for a percentage-based deposit can rise too, so saving a steady amount does not necessarily bring a buyer closer at the same pace.
Rank #2
- Whenever the safe is opened, the built-in sensor light will automatically illuminate the interior, making it easy to locate valuable items in dim light.
- Material: Our commercial safe deposit box savings jar to provide a solution for your valuables. Crafted from robust materials, it ensures that your important items remain protected at all times
- Characteristic: This household savings jar combines practicality with , making it a great addition to any space. Its user-friendly features make it easy to access your savings while adding a touch of charm to your home decor
- Soft lined interior helps protect jewelry, watches, electronics, and other valuable items from scratches.
What an occupation-based model found
Domain described an Australia Institute analysis that modeled a single worker saving 15% of after-tax salary each year. Under that scenario, none of 17 occupations reached a 20% deposit on a median Perth house over the five years examined. This is a modeled result, not a forecast for every worker: an individual’s timeline depends on income, household circumstances, savings rate, target property and the prices they face.
Greenfield land is a separate part of the boom
UDIA’s 2026 State of the Land reports that Greater Perth’s average median greenfield lot price was $377,250 across 2025, up 15% on 2024. It also records sale-ready greenfield lot supply at 0.55 months of demand at the end of December 2025. These are figures for new residential lots, not a measure of all established-home prices or of the time a household needs to save a deposit.
Rank #3
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- Piggy Bank with Secure Lock: Unlike traditional savings bank that must be pried open, this large reusable clear savings box comes with a lock and two keys that ensure the security of your funds while allowing you to easily deposit or withdraw money without damaging the container.
- See Your Money Grow: This big money saving jar is made from acrylic and wood materials. This cash piggy bank with lock is lighter than stainless steel and safer than glass or ceramic. Through the clear surface, we can observe the growth of savings. Fully enjoy the happiness of money growing.
- 4/5 Gallon Piggy Bank: The clear cash saving box with lock is very convenient for all US money and coins. SIZE: 6 x 4-3/4 x 7-7/8 inches/15x12x20cm. Capacity: 4/5 Gallon. The change piggy bank can store about $4000 in a mix of coins and bills. This stylish big change jar is suitable for placement on countertops, desks, or vanity tables, and blends perfectly with any décor style.
- Adult Money Banks/Children's Savings Banks: This coin piggy bank makes an excellent gift for children with savings goals and serves as a fantastic educational tool for teaching boys, girls, children, and teenagers about the value of money and the importance of saving. And adults will value having a landing spot for coin counter change!
An older UDIA WA claim helps explain why Perth has been described as the nation’s most affordable place to buy land. Its 2023 release used a median new-land price of $228,000 for 2022. That historical land-price comparison does not establish a current ranking for house-deposit saving.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to judge the estimate for your own purchase
Before using a city ranking to plan a purchase, check that its assumptions resemble your situation. In particular, establish:
Rank #4
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- Universal Slot and Wide Opening: The wooden lid has a regular-sized slot that accommodates all US coins, folded bills, and normal raffle tickets. The wide mouth of money container allows for quick and convenient access to your savings whenever needed.
- Dimensions: Measuring 4.3” x 4.3” x 5.7”, this functional savings jar offers ample capacity while remaining space-efficient. Fits perfectly on countertop, shelves or beside your sink, making it ideal for various storage needs within your laundry room.
- What you want to buy: a detached house or unit, a first-home-buyer property or a median dwelling.
- How much you need upfront: the deposit percentage and whether fees or other purchase costs are included.
- Whose income is counted: a single buyer or couple, and whether the measure uses median income or particular occupations.
- How saving is modeled: the assumed share of income saved and the treatment of rent and interest.
- Whether the date fits: the report’s publication date and the period covered by its underlying property data.
- What “affordable” means: time to save, mortgage repayments, price relative to income or land price.
A shorter modeled deposit timeline does not by itself show that a buyer can borrow enough or comfortably manage repayments. The 5% deposit scheme took effect in October 2025, according to ABC’s February 2026 reporting, but a smaller deposit does not make a mortgage or its repayments affordable automatically.
Quick Recap
Best Value
- Whenever the safe is opened, the built-in sensor light will automatically illuminate the interior, making it easy to locate valuable items in dim light.
- Material: Our commercial safe deposit box savings jar to provide a solution for your valuables. Crafted from robust materials, it ensures that your important items remain protected at all times
- Characteristic: This household savings jar combines practicality with , making it a great addition to any space. Its user-friendly features make it easy to access your savings while adding a touch of charm to your home decor
- Soft lined interior helps protect jewelry, watches, electronics, and other valuable items from scratches.
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