Perth - South West Property Market & Development Rates — May 2026 | Suburbtrends

Perth - South West Property Market: Prices, Vacancy & Trends

As of May 2026, median house prices across the Perth - South West SA4 range from $750,000 (Kwinana) to $1,585,000 (Fremantle). The stock-weighted rental vacancy rate is 5.4%, ranging from 2.1% in Fremantle to 8.0% in Kwinana. Top median house rent is $1250/week in North Coogee.

Source: Suburbtrends, 12-month rolling medians · Updated monthly
$1.58M
Fremantle median house
$1.53M
Melville median house
+18.2%
Top SA3 growth (Rockingham)
5.4%
SA4 vacancy (weighted)
$1250/wk
Top house rent (North Coogee)
1,840
Houses listed for sale

What is the median house price in the Perth - South West?

Median house prices across the Perth - South West's SA3 markets span $750,000 to $1,585,000, with Fremantle the most expensive market and Kwinana the most affordable.

SA3 house markets, Perth - South West — 12 months to May 2026
SA3 marketMedian house12-mth changeMedian unitDays on market
Fremantle$1,585,000+17.4%$855,00049
Melville$1,535,000+13.7%$980,00043
Cockburn$1,000,000+15.6%$700,00037
Rockingham$835,000+18.2%$600,00029
Kwinana$750,000+14.5%$495,00033
Listings on market by SA3 — for sale and for rent, current month
SA3 marketHouses for saleHouses for rentUnits for saleUnits for rent
Rockingham6312233720
Cockburn405765432
Kwinana35495134
Melville320939020
Fremantle130307245

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
East Fremantle Fremantle$2,250,000$1,255,000
North Coogee Cockburn$2,125,000$935,000
Applecross - ArdrossMelville$1,950,000−14.1%$1,355,000
BooragoonMelville$1,905,000+13.4%$1,350,000
WinthropMelville$1,750,000+15.5%
FremantleFremantle$1,710,000+12.1%$780,000
Bateman Melville$1,648,000
MelvilleMelville$1,590,000−5.4%$1,015,000
Coogee Cockburn$1,580,000
Bull CreekMelville$1,550,000+34.7%
Bicton - PalmyraMelville$1,477,000+8.6%$910,000
LeemingMelville$1,475,000+20.9%
Fremantle - SouthFremantle$1,352,000+20.7%$950,000
Murdoch - KardinyaMelville$1,305,000+18.6%$850,000
Jandakot Cockburn$1,265,000
Hamilton HillCockburn$1,100,000+25.7%$806,000
Willagee Melville$1,012,000
CoolbellupCockburn$1,000,000+17.6%
Success - Hammond ParkCockburn$995,000+15.6%$640,000
YangebupCockburn$990,000+23.5%
BanjupCockburn$980,000+10.4%
SpearwoodCockburn$980,000+5.4%$770,000
Beeliar - WattleupCockburn$950,000+14.5%
South Lake - Cockburn CentralCockburn$927,500+15.9%$580,000
Singleton - Golden Bay - Secret HarbourRockingham$920,000+19.3%
Safety Bay - ShoalwaterRockingham$880,000+15.8%$625,000
Port KennedyRockingham$852,500+20.9%
Baldivis - SouthRockingham$845,000+15.8%
Casuarina - WandiKwinana$840,000+14.8%
RockinghamRockingham$830,000+17.7%$575,000
Karnup Rockingham$811,000
WaikikiRockingham$801,000+15.3%
Wellard (West) - BertramKwinana$800,000+15.1%
Baldivis - NorthRockingham$795,000+16.1%
WarnbroRockingham$781,200+16.6%
CooloongupRockingham$743,000+17.0%
Parmelia - OreliaKwinana$710,000+19.3%$450,000
CalistaKwinana$700,000+16.7%

† 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 - South West areas are growing fastest?

Among SA2 areas with robust sales volumes, the strongest 12-month house price growth to May 2026 was Bull Creek +34.7%, Hamilton Hill +25.7%, Yangebup +23.5%, Port Kennedy +20.9%, Leeming +20.9%. The softest market was Applecross - Ardross (-14.1%).

What is the rental vacancy rate in the Perth - South West?

The stock-weighted rental vacancy rate across the Perth - South West SA4 is 5.4% as at May 2026. Conditions range from 2.1% in Fremantle to 8.0% in Kwinana.

Rental vacancy by SA3, rolling 3-month rate — trailing 6 months
SA3 marketDec 25Jan 26Feb 26Mar 26Apr 26May 26Rental stock
Fremantle2.8%3.0%4.7%4.0%3.8%2.1%240
Cockburn5.2%3.9%5.0%4.7%5.2%5.2%557
Rockingham3.7%3.6%4.7%5.6%5.5%5.3%881
Melville4.9%6.4%5.8%6.1%5.4%5.6%411
Kwinana4.8%4.7%7.9%7.9%8.9%8.0%339

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 - South West?

Median house rents across the Perth - South West run to $1250/week in North Coogee 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
North Coogee$1250$900$1250$1400
East Fremantle$1050$775$1000$1250
Winthrop$1000$720$990
Applecross - Ardross$990$700$900$1250
Fremantle$950$800$975$1200
Jandakot$880$760$880
Melville$875$620$820$1100
Booragoon$870$650$810$1100
Fremantle - South$850$800$850$1000
Leeming$850$750$900
Bull Creek$835$600$740$850
Coogee$830$600$780$920
Bicton - Palmyra$820$690$800$1100
Willagee$810$620$800$890
Bateman$800$650$750$850
Banjup$780$600$725$800
Bibra Industrial$770$770
Success - Hammond Park$760$650$725$790
Hamilton Hill$750$650$750$850
Spearwood$750$595$725$830
Beeliar - Wattleup$750$675$720$780
Murdoch - Kardinya$750$570$740$850
Coolbellup$720$640$700$800
Yangebup$720$760$680$750
Casuarina - Wandi$720$530$690$750
South Lake - Cockburn Central$700$620$675$785
Wellard (West) - Bertram$680$560$640$700
Baldivis - South$670$500$630$680
Singleton - Golden Bay - Secret Harbour$660$550$620$680
Port Kennedy$650$500$600$650
Baldivis - North$650$490$620$660
Karnup$640$480$590$655
Waikiki$630$490$600$670
Warnbro$630$460$600$650
Rockingham$625$500$600$680
Safety Bay - Shoalwater$625$500$600$700
Parmelia - Orelia$600$500$580$650
Cooloongup$600$500$590$650
Calista$590$520$565$650
Unit rents by SA2 — weekly, where stock supports a reading, 12 months to May 2026
SA2 areaMedian2-bed3-bed
Applecross - Ardross$850$800$1000
North Coogee$790$850$1200
Bateman$780$475$850
Fremantle$750$810$920
Booragoon$750$750$780
Singleton - Golden Bay - Secret Harbour$750$650$750
East Fremantle$725$725$850
Coogee$700$700$750
Fremantle - South$700$795$850
Melville$700$670$750
Bicton - Palmyra$690$660$760
Willagee$680$630$820
Spearwood$650$650$700
Success - Hammond Park$650$650$720
Yangebup$650$650
Bull Creek$650$635$675
Murdoch - Kardinya$650$650$680
South Lake - Cockburn Central$640$650$720
Banjup$625$600$700
Coolbellup$620$620$650
Hamilton Hill$610$600$700
Leeming$600$580$600
Port Kennedy$600$600
Baldivis - South$595$490$600
Beeliar - Wattleup$580$600$680
Wellard (West) - Bertram$550$550$600
Rockingham$550$540$650
Waikiki$550$520$550
Warnbro$545$550$530
Cooloongup$525$500$525
Baldivis - North$500$480$620
Safety Bay - Shoalwater$475$460$575
Winthrop$470$470
Parmelia - Orelia$460$460$510
Calista$450$420$540
Casuarina - Wandi$400$400

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 - South West — 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.