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WA Property Market Update June 2026

The WA property market continues to stand apart from much of the country as we finish June and move into the second half of 2026. While higher interest rates, ongoing inflation and significant Federal tax reforms have created uncertainty for many buyers and investors nationally, WA’s combination of strong population growth, a resilient economy and persistent housing shortages continues to inform market confidence.

Recent changes announced in the Federal Budget, including reforms to negative gearing and capital gains tax for future investment properties, are expected to reshape investor behaviour over the coming years (See our full breakdown of that here: Federal Budget Property Changes – What Property Investors Need to Know). At the same time, the Reserve Bank’s decision to increase the cash rate again has reinforced the importance of making well-informed finance decisions in a higher borrowing cost environment.

Despite these headwinds, Western Australia’s residential market continues to record strong price growth across many metropolitan and regional locations, while the industrial sector remains one of the country’s tightest markets, supported by exceptionally low vacancy rates and ongoing demand.

WA Residential Property Market Update June 2026

Western Australia’s residential market has maintained its momentum throughout 2026, continuing to outperform many of Australia’s larger capital cities. According to the latest REIWA figures, Perth’s median house price has now reached $925,000 (with 4 bedroom homes reaching the $1 million mark), while the median unit price has climbed to $665,000. Rental demand also remains exceptionally strong, with median weekly rents sitting at $750 for houses and $700 for units, reflecting the ongoing imbalance between housing supply and demand.

While these headline figures paint a positive picture, they only tell part of the story. One of the biggest misconceptions buyers can have is assuming that purchasing at the suburb’s median price automatically represents good value. In reality, the median is simply the midpoint of recent sales. The quality of the property, its location within the suburb, future development potential and local supply conditions remain far more important considerations than price alone.

The Federal Government’s planned changes to negative gearing and capital gains tax are also likely to influence investor behaviour over the coming years. While the reforms aim to encourage investment in new housing supply, there are legitimate concerns that reduced demand for established investment properties could further tighten the rental market if fewer investors choose to purchase existing homes. Combined with higher interest rates, this reinforces the importance of seeking professional advice before making major property decisions. Buyers who take the time to understand local market fundamentals, rather than simply following headline prices, are likely to be better positioned over the long term.

WA Industrial Property Market Update June 2026

Western Australia’s industrial property sector continues to demonstrate remarkable resilience despite rising construction costs and broader economic uncertainty. Vacancy rates across Greater Perth remain among the lowest in Australia at approximately 1.5 to 2 per cent, highlighting the ongoing shortage of quality industrial accommodation and serviced land.

Although a significant amount of new industrial floorspace entered the market during the first quarter of 2026, much of the future development pipeline has already been committed before construction is complete. At the same time, construction costs have risen dramatically over recent years, making new developments increasingly challenging from both a feasibility and financing perspective. This has encouraged many investors and owner-occupiers to focus on acquiring and refurbishing existing industrial properties rather than building from the ground up.

The market is also evolving beyond traditional warehousing. Demand for modern, energy-efficient facilities continues to grow as businesses seek lower operating costs and improved sustainability outcomes. New developments increasingly incorporate features such as rooftop solar, electric vehicle charging infrastructure and higher-performance building specifications, while major projects like the CDC Maddington Data Centre demonstrate Western Australia’s growing role in supporting digital infrastructure and emerging technologies.

Looking Ahead

While economic conditions remain challenging across Australia, Western Australia’s property market continues to be supported by strong underlying fundamentals. Population growth, constrained housing supply and resilient business activity continue to create opportunities across both residential and industrial sectors, even as higher interest rates and changing tax policies reshape the broader landscape.

As always, every property decision should be based on your own financial circumstances, objectives and time horizon rather than market headlines alone. Whether you’re buying your first home, expanding your investment portfolio, refinancing existing loans, or purchasing commercial property for your business, obtaining the right finance advice early can help you navigate changing market conditions with greater confidence and position yourself for long-term success. Reach out to the MP+ Finance team today via our website or call us on 08 9301 2200.

Data & further Reading:

• HTW Month in Review
• REIWA Perth Market Insights

written by:

Paul Moran

Paul has over 35 years of experience in finding financial solutions for homebuyers, investors and business owners.
A licensed broker and member of the Mortgage & Finance Association of Australia (MFAA), Paul’s extensive experience includes 20 years with a major bank, seven of which were as commercial banking manager.
Paul delivers a holistic financial solutions to achieve the best possible outcome for a client’s personal or commercial lending needs. Paul also provides a comprehensive financial consultancy to business owners on commercial, equipment and invoice finance.