Perth - North East Property Market & Development Rates — May 2026 | Suburbtrends

Perth - North East Property Market: Prices, Vacancy & Trends

As of May 2026, median house prices across the Perth - North East SA4 range from $865,000 (Swan) to $1,050,000 (Bayswater - Bassendean). The stock-weighted rental vacancy rate is 6.9%, ranging from 6.2% in Swan to 11.3% in Mundaring. Top median house rent is $850/week in Gidgegannup.

Source: Suburbtrends, 12-month rolling medians · Updated monthly
$1.05M
Bayswater - Bassendean median house
$995k
Mundaring median house
+22.1%
Top SA3 growth (Bayswater - Bassendean)
6.9%
SA4 vacancy (weighted)
$850/wk
Top house rent (Gidgegannup)
1,240
Houses listed for sale

What is the median house price in the Perth - North East?

Median house prices across the Perth - North East's SA3 markets span $865,000 to $1,050,000, with Bayswater - Bassendean the most expensive market and Swan the most affordable.

SA3 house markets, Perth - North East — 12 months to May 2026
SA3 marketMedian house12-mth changeMedian unitDays on market
Bayswater - Bassendean$1,050,000+22.1%$720,00036
Mundaring$995,000+19.9%$645,00037
Swan$865,000+16.9%$620,00040
Listings on market by SA3 — for sale and for rent, current month
SA3 marketHouses for saleHouses for rentUnits for saleUnits for rent
Swan8311493117
Bayswater - Bassendean257615828
Mundaring1521010

Listings counts are the current-month average of properties advertised for sale or rent. Unit stock can be thin in regional markets — some SA2 unit markets carry only a handful of active listings at any time.

SA2 median prices, houses and units — 12 months to May 2026
SA2 areaSA3House medianHouse 12-mthUnit median
Gidgegannup Swan$1,400,000
MaylandsBayswater - Bassendean$1,360,000+24.7%$608,000
Glen Forrest - DarlingtonMundaring$1,300,000+28.7%
Bayswater - Embleton - BedfordBayswater - Bassendean$1,230,000+26.5%$900,000
MundaringMundaring$1,150,000+19.8%
Chidlow Mundaring$1,100,000
NorandaBayswater - Bassendean$1,072,000+12.8%$608,000
Helena Valley - KoongamiaMundaring$1,000,000+25.0%
Hazelmere - Guildford Swan$1,000,000
Bassendean - Eden Hill - AshfieldBayswater - Bassendean$985,000+20.1%$739,000
The VinesSwan$962,000+17.5%
MorleyBayswater - Bassendean$935,000+14.0%$770,000
BallajuraSwan$890,000+17.1%
Brabham - Henley BrookSwan$865,000+16.9%
BullsbrookSwan$860,000+22.0%
AveleySwan$857,000+14.3%
BeechboroSwan$852,000+16.7%
Lockridge - KiaraSwan$850,000+16.4%
Middle Swan - Herne HillSwan$835,000+21.9%
EllenbrookSwan$825,500+15.5%$645,000
Stratton - Jane BrookSwan$815,000+22.8%
Swan View - Greenmount - MidvaleMundaring$810,000+17.4%$630,000
Midland - GuildfordSwan$766,000+9.4%$592,000

† Thin market: fewer than 40 sales in 12 months, or a distorted price mix — medians are volatile and 12-month changes are not reported. A dash indicates too few unit sales to report a reliable median.

Which Perth - North East areas are growing fastest?

Among SA2 areas with robust sales volumes, the strongest 12-month house price growth to May 2026 was Glen Forrest - Darlington +28.7%, Bayswater - Embleton - Bedford +26.5%, Helena Valley - Koongamia +25.0%, Maylands +24.7%, Stratton - Jane Brook +22.8%.

What is the rental vacancy rate in the Perth - North East?

The stock-weighted rental vacancy rate across the Perth - North East SA4 is 6.9% as at May 2026. Conditions range from 6.2% in Swan to 11.3% in Mundaring.

Rental vacancy by SA3, rolling 3-month rate — trailing 6 months
SA3 marketDec 25Jan 26Feb 26Mar 26Apr 26May 26Rental stock
Swan3.9%3.9%5.5%5.9%6.1%6.2%676
Bayswater - Bassendean4.9%6.6%7.6%7.3%7.0%7.3%468
Mundaring12.7%14.5%15.7%12.3%13.1%11.3%62

Suburbtrends Vacancy Index methodology: vacant rental listings as a share of total rental stock, rolling 3-month basis. SA4 weighted rate uses current rental stock weights.

What are the rents in the Perth - North East?

Median house rents across the Perth - North East run to $850/week in Gidgegannup at the top of the region. Unit rents typically sit below houses; bedroom splits below show where stock supports a reading.

House rents by SA2 — weekly median and bedroom splits, 12 months to May 2026
SA2 areaMedian2-bed3-bed4-bed
Gidgegannup$850$800$700$850
Hazelmere - Guildford$850$850$790$875
Mundaring$800$790$800
Bayswater - Embleton - Bedford$780$650$750$850
Noranda$780$580$750$825
Brabham - Henley Brook$780$600$730$800
Bassendean - Eden Hill - Ashfield$750$650$720$830
Morley$750$620$720$825
Glen Forrest - Darlington$750$650$740$850
Helena Valley - Koongamia$750$600$700$850
Ballajura$750$650$695$800
Beechboro$750$580$700$800
Bullsbrook$750$530$700$750
Lockridge - Kiara$750$525$675$800
Aveley$750$580$700$800
Ellenbrook$730$600$690$780
Middle Swan - Herne Hill$725$580$625$780
The Vines$720$590$680$795
Maylands$715$640$780$900
Swan View - Greenmount - Midvale$700$590$670$750
Stratton - Jane Brook$700$660$780
Chidlow$680$675$790
Midland - Guildford$650$600$660$800
Unit rents by SA2 — weekly, where stock supports a reading, 12 months to May 2026
SA2 areaMedian2-bed3-bed
Hazelmere - Guildford$800$750
Morley$720$640$750
Brabham - Henley Brook$700$615$720
Aveley$670$570$680
Bassendean - Eden Hill - Ashfield$650$650$725
Bayswater - Embleton - Bedford$650$590$750
Middle Swan - Herne Hill$650$650$650
Ballajura$630$530$700
Noranda$620$600$650
Beechboro$610$580$700
Maylands$600$600$730
Lockridge - Kiara$600$630$700
Midland - Guildford$600$580$630
Swan View - Greenmount - Midvale$580$530$650
Ellenbrook$560$560$650
The Vines$550$550$650
Mundaring$500$500$530
Bullsbrook$480
Glen Forrest - Darlington$430

Rents are median advertised asking rents over 12 months. Bedroom splits are reported where enough listings support a reading; a dash indicates too few. Unit rents are shown only for SA2s with sufficient rental stock.

For developers & lenders Suburbtrends is building Development Rates for the Perth - North East — new-build sale, land and construction rates per sqm by SA2, with traced site purchases and MCG-prepared cost bands. Join the waitlist →

How this data is compiled

Suburbtrends compiles transaction, listings and rental records monthly across every SA2, SA3 and SA4 in Australia. Medians and percentiles are calculated on a 12-month rolling basis; vacancy follows the Suburbtrends Vacancy Index methodology (vacant rental listings as a share of total rental stock, rolling 3 months). Development Rates covers completed strata projects of 4–40 dwellings, with each project's site purchase traced through the title record to derive the land component. Thin markets are flagged and 12-month changes suppressed where sample sizes do not support them. Boundaries follow the ABS ASGS Edition 3. This page was last updated with data to May 2026, and is refreshed in the first week of every month.

Kent Lardner, Head of Research at Suburbtrends
Kent Lardner
Head of Research, Suburbtrends · 30+ years in property data analytics

Kent's research is regularly cited in the Australian Financial Review, news.com.au and industry media. He previously led data science teams at major property data firms and founded Suburbtrends to publish independent, suburb-level market research. Full profile and press citations →

© 2026 Suburbtrends · Independent Australian property research · Market data on this page may be cited with attribution to Suburbtrends and a link to this URL. Development Rates figures shown are headline regional rates; figures are estimates derived from transaction and title records and do not constitute financial advice.