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Perth House Prices Surge 16% as Sydney Declines

1/2/2026

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Summary

Story summary

Perth house prices rose nearly 16% over the past year, according to the property analytics firm Cotality.
In December, Perth dwelling values rose 1.9% to a median of $983,068.
Sydney's median house value is around $1.6 million after a 0.3% decline.
Melbourne's median house value is about $981,165 after a 0.1% decline.
Darwin led capital city gains with a 2.1% rise.

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Story summary

Perth house prices rose nearly 16% over the past year, according to the property analytics firm Cotality.
In December, Perth dwelling values rose 1.9% to a median of $983,068.
Sydney's median house value is around $1.6 million after a 0.3% decline.
Melbourne's median house value is about $981,165 after a 0.1% decline.
Darwin led capital city gains with a 2.1% rise.