Twenty seven suburbs joined Perth’s million dollar club in 2024-25

23 July 2025

"REIWA President Suzanne Brown said the large number of new suburbs with million-dollar medians was to be expected."

Twenty seven suburbs joined Perth’s million dollar club in the year to June 2025, taking the total number of suburbs with a median house sale price of $1 million or over to 113.

All 27 suburbs were new entrants to the list.

REIWA President Suzanne Brown said the large number of new suburbs with million-dollar medians was to be expected.

“The Perth property market continues to experience strong price growth, which is underpinned by ongoing strong population growth and a sustained period of low new home completions,” she said.

“As a result, 34 per cent of Perth suburbs now have a median house sale price of $1 million or more.

“While this number might sound concerning, it is important to remember that the median is the middle and 50 per cent of sales will be below this price. There will still be affordable options to be found in many of these suburbs, including villas and units. It may just take time and patience to find them.

“And if you are looking at a million-dollar suburb but can’t find anything within your price range, expand your search to neighbouring areas, sometimes called ‘bridesmaid suburbs’. They will be close to the same desirable amenities as the million-dollar suburbs but are more affordable.”

Strong price growth also saw several suburbs achieve $2 million median house sale prices for the first time over a financial year.

They were Trigg, Shenton Park, Watermans Bay, Mosman Park, Mount Claremont, Floreat, Churchlands and East Fremantle.

City Beach’s median house sale price exceeded $3 million for the first time.

Ms Brown said under current market conditions, the million dollar club would continue to grow.

“A number of suburbs are very close to the million-dollar mark and with strong price growth expected for the remainder of 2025, we can expect more new entrants,” she said.

Peppermint Grove retained its position as Perth’s most expensive suburb, with a median house sale price of $4,225,000 at the end of 2024-25.

Karawara was the only suburb on the 2023-24 million dollar club list to see its median house sale price fall below $1 million.

“Prices fluctuate from year to year, depending on what is selling in that time period, and it’s not uncommon to see suburbs with a median house sale price around the million-dollar mark come and go from the list,” Ms Brown said.

SUBURB	2024-25 MEDIAN HOUSE SALE PRICE
Peppermint Grove	$4,225,000
Dalkeith	$3,300,000
Cottesloe	$3,150,000
City Beach	$3,060,000
Applecross	$2,800,000
Swanbourne	$2,690,000
Nedlands	$2,360,000
Trigg	$2,300,000
Shenton Park	$2,290,000
Watermans Bay	$2,285,000
Mosman Park	$2,200,000
Mount Claremont	$2,133,000
Floreat	$2,120,000
Churchlands	$2,095,000
Claremont	$2,010,000
East Fremantle	$2,007,600
Subiaco	$1,958,400
Jolimont	$1,950,000
Coolbinia	$1,930,000
North Coogee	$1,900,000
Salter Point	$1,900,000
West Leederville	$1,890,000
Wembley Downs	$1,881,500
South Perth	$1,880,000
Attadale	$1,815,000
Menora	$1,800,000
Mount Pleasant	$1,800,000
Rossmoyne	$1,800,000
Wembley	$1,800,000
Marmion	$1,756,000
Ardross	$1,720,000
South Fremantle	$1,700,000
Waterford	$1,695,000
Bicton	$1,662,500
Woodlands	$1,653,250
North Fremantle	$1,645,000
Sorrento	$1,620,000
East Perth	$1,610,000
Mount Hawthorn	$1,605,000
North Beach	$1,596,000
Mount Lawley	$1,580,000
Shelley	$1,562,500
Winthrop	$1,550,000
Gwelup	$1,515,000
Burswood	$1,500,000
Karrinyup	$1,500,000
Iluka	$1,490,000
Alfred Cove	$1,475,000
Como	$1,455,000
North Perth	$1,450,000
Daglish	$1,430,000
Kensington	$1,430,000
Burns Beach	$1,417,500
Leederville	$1,417,500
Booragoon	$1,400,000
Hillarys	$1,400,000
Crawley	$1,397,000
Melville	$1,395,000
Carine	$1,350,500
White Gum Valley	$1,350,000
Fremantle	$1,340,000
Coogee	$1,332,500
Bull Creek	$1,320,000
Cardup	$1,320,000
Carmel	$1,312,500
Ocean Reef	$1,303,000
Orange Grove	$1,300,000
West Perth	$1,300,000
Inglewood	$1,290,000
Bateman	$1,287,500
Manning	$1,287,500
Mullaloo	$1,279,500
Scarborough	$1,277,500
Millendon	$1,275,000
Stirling	$1,265,000
West Swan	$1,265,000
Duncraig	$1,257,500
Highgate	$1,252,500
Willetton	$1,250,000
Myaree	$1,232,500
Kallaroo	$1,220,000
Oakford	$1,215,000
Leeming	$1,210,000
Perth	$1,210,000
Bedfordale	$1,205,000
Beaconsfield	$1,200,000
Doubleview	$1,200,000
Murdoch	$1,200,000
Mindarie	$1,190,000
Riverton	$1,155,000
Darlington	$1,150,000
Lathlain	$1,127,500
The Vines	$1,127,500
Gooseberry Hill	$1,122,500
Hovea	$1,105,000
Connolly	$1,102,500
Mariginiup	$1,100,000
Jandakot	$1,097,500
Brentwood	$1,070,000
Woodvale	$1,050,000
Palmyra	$1,049,500
Bickley	$1,045,000
Casuarina	$1,045,000
Kardinya	$1,040,000
North Lake	$1,035,000
Ascot	$1,015,000
Parkerville	$1,015,000
Bedford	$1,014,000
Jarrahdale	$1,010,000
East Victoria Park	$1,007,500
Darch	$1,000,000
Guildford	$1,000,000
Kingsley	$1,000,000

Source: REIWA. Filtered for suburbs with median house sale prices equal to or greater than $1,000,000 for the 12 months to June 2025. Suburbs in bold indicate those that are new or have returned to the list.