Perth has always been a city that rewards long-term property investors. However, 2026 represents something different. Rather than growth being driven purely by population increases or mining booms, Western Australia is now entering a new phase in which government-backed infrastructure, housing supply initiatives, and transport investment are collectively reshaping the metropolitan landscape. 

• The Western Australian Government’s 2026–27 State Budget introduced what many economists describe as the state’s largest housing and infrastructure package in decades. 
• More than $4.7 billion in additional housing investment has been committed, taking the Government’s total housing investment since 2021 beyond $10.8 billion. 

The objective is clear—unlock land, increase housing supply, improve affordability and support Perth’s rapidly growing population. For buyers, investors and developers, these announcements are far more than political headlines. History consistently shows that suburbs receiving major government investment often outperform surrounding locations over the following decade. Improved transport links, new residential precincts, schools, healthcare facilities and commercial centres tend to attract new residents, create employment opportunities and stimulate long-term capital growth.

This trend has already played out across Perth. Areas such as Ellenbrook, Alkimos, Butler, Cockburn Central and Forrestfield experienced significant price appreciation after major infrastructure projects—including METRONET and freeway extensions—were announced and delivered. Similar patterns are now emerging across another wave of suburbs positioned to benefit from fresh government funding. Unlike previous property cycles, Perth’s current market fundamentals remain exceptionally strong. Demand continues to exceed supply across many suburbs, while construction capacity is gradually improving. The State Budget aims to address housing shortages through a combination of land releases, higher-density developments, affordable housing initiatives and transport-oriented communities. Although housing construction has accelerated over the past two years, supply remains well below underlying demand. Several structural factors continue to support the market:

• Strong interstate migration.
• Continued overseas migration.
• WA’s expanding employment market.
• Limited established housing stock.
• Low vacancy rates across much of metropolitan Perth.
• Rising infrastructure spending.
• Continued demand from first-home buyers.

According to the WA Government, building approvals increased by around 12% over the past year to approximately 25,000 dwellings, while housing completions have risen 46% over the past three years. Even with this improvement, the State acknowledges that significantly more housing is required to meet population growth and affordability challenges. This imbalance explains why Perth has remained one of Australia’s strongest-performing capital city housing markets throughout 2025 and into 2026.

When billions of dollars are allocated towards new transport corridors, residential developments, schools, hospitals and essential infrastructure, the surrounding suburbs usually experience increased buyer demand well before construction is completed. Property values rarely increase in isolation. Instead, they are typically influenced by a combination of:

• Infrastructure investment
• Employment growth
• Improved accessibility
• Population growth
• Housing availability
• Lifestyle improvements

Government investment often acts as the catalyst that accelerates these factors simultaneously. For investors, this creates an opportunity to purchase property during the early stages of a suburb’s transformation—before values fully reflect the long-term improvements. This article examines five significant initiatives expected to influence Perth’s property market over the coming years:

Development	Government Investment	Expected Market Impact
Housing Supply & Infrastructure Package	Multi-billion dollar program	Increased land supply and new residential communities
METRONET Station Precincts	Ongoing State investment	Higher-density, transport-oriented growth
Affordable Housing & Build-to-Sell Initiatives	Hundreds of millions	Improved affordability and buyer demand
First Home Buyer Housing Programs	Expanded incentives	Greater purchasing activity across affordable suburbs
Regional & Outer Metropolitan Growth Corridors	Significant infrastructure funding	New investment opportunities beyond Perth’s CBD

Each initiative has implications for buyers, investors and developers—and together they form one of the most comprehensive housing strategies Western Australia has undertaken in recent years. The scale of current investment is unprecedented. Key measures announced in the 2026–27 WA State Budget include:

Initiative	Funding
Additional housing investment	$4.7 billion
Housing investment since 2021	Over $10.8 billion
Housing taxation package	$297 million
Regional housing initiatives	$692 million
Affordable homes for first-home buyers	$375 million
Keystart Pre-Sale Guarantee	$250 million
First Home Buyer Commercial Financing Facility	$250 million

At Bargoti Real Estate, we believe successful property decisions are built on understanding where growth is heading—not simply where prices have already risen. The most successful investors rarely purchase after a suburb has become widely recognised. Instead, they identify locations where infrastructure, employment and population growth are aligning before these factors are fully reflected in property values.

• The government’s latest funding announcements highlight several emerging opportunities across Perth, particularly in suburbs connected to new transport infrastructure, residential land releases and affordable housing initiatives.
• For owner-occupiers, these developments may improve lifestyle, accessibility and long-term value. For investors, they create opportunities to secure assets in areas with strong demand drivers and significant public investment.

These measures are designed not only to deliver more homes but also to accelerate apartment construction, support first-home buyers, unlock higher-density projects and improve the viability of residential developments.

Explore: Bargoti Real Estate: Your Trusted Property Partner

Perth Property Market in 2026: Why Government Investment Is Arriving at the Perfect Time

1. Before analysing the five major government-funded developments, it is important to understand why Perth has become one of Australia’s most closely watched property markets in 2026. Unlike Sydney and Melbourne, where affordability constraints and higher borrowing costs have slowed buyer activity, Perth has continued to benefit from a unique combination of strong population growth, robust employment, expanding infrastructure and a housing supply shortage that has taken several years to ease. Although listing numbers have improved throughout 2026, demand continues to absorb quality stock quickly in many suburbs, particularly those with strong transport links and family-friendly amenities.

2. The result is a market transitioning from an extreme seller’s market to a more balanced environment—without losing the long-term fundamentals that continue to support capital growth.

• For buyers, this means there is more choice than there was 12 months ago.
• For investors, it means opportunities are becoming more selective, making suburb selection more important than ever.
• For developers, it creates confidence that government-backed infrastructure and housing investment will continue supporting demand over the coming decade.

3. The latest data from REIWA and the WA Department of Treasury & Finance highlights a market that remains resilient despite an increase in available listings. Although listings have increased compared with the exceptionally tight conditions of 2025, Perth’s rental market remains below what is generally considered a balanced vacancy level of 2.5–3.5%, indicating that well-located investment properties continue to experience healthy tenant demand.

Market Indicator	Latest 2026 Figure
Perth Median House Price	$938,000
Perth Median Unit Price	$675,000
Perth Median Weekly House Rent	$750/week
Perth Median Weekly Unit Rent	$700/week
Properties for Sale	6,777
Rental Properties Available	2,231
Perth Rental Vacancy Rate	2.1%
Median 4-Bedroom House Price	$1.01 million

4. One of the biggest misconceptions about Perth’s property market is that it is driven solely by the mining industry. While Western Australia’s resources sector continues to underpin the state’s economy, today’s housing demand is being fuelled by a much broader range of factors. These include:

• Interstate migration from higher-priced eastern states.
• Overseas skilled migration.
• Defence and advanced manufacturing investment.
• Expansion of the health and education sectors.
• Population growth in outer metropolitan corridors.
• Strong employment opportunities across construction, mining services and logistics.

REIWA notes that Perth’s population increased by 2.2% in the year to June, providing a steady stream of new households requiring accommodation. At the same time, the supply of new homes has struggled to keep pace, creating ongoing pressure on both purchase prices and rents. This demographic momentum is one of the key reasons the WA Government has committed billions of dollars to accelerate housing delivery and supporting infrastructure.

5. One of the defining characteristics of Perth’s property market over the past three years has been an acute shortage of housing. Builders have faced labour shortages, rising construction costs and delays in material supply, while developers have struggled to bring new land to market quickly enough. The good news is that conditions are gradually improving. According to the WA Department of Treasury & Finance:

• 2,182 dwellings were approved in May 2026 alone.
• Housing completions have risen significantly compared with three years ago.
• Building approvals continue to trend upwards as government incentives support new development.
• However, increasing approvals do not immediately translate into completed homes.
• From planning approvals to construction and settlement, the process often takes 18–30 months. 

This lag means Perth is likely to remain relatively supply-constrained in the near term, particularly in established suburbs where land is scarce.

6. One of the biggest changes between 2025 and 2026 has been the increase in properties coming to market. For much of 2025, buyers had very limited choice, with competition pushing prices higher and many homes selling within days. Today, buyers have greater selection. Compared with the same period last year, listing numbers have almost doubled, providing buyers with more negotiating power while remaining below the levels associated with a fully balanced market. This shift should not necessarily be interpreted as market weakness. Instead, it reflects a gradual return to more sustainable trading conditions after an exceptionally tight supply cycle. REIWA’s latest figures show:

Market Activity	Latest Position
Houses listed for sale	4,729
Units listed for sale	1,459
Land listings	589
Total residential listings	6,777

7. Despite an increase in rental supply, Perth continues to experience one of Australia’s strongest rental markets. The median weekly house rent has reached $750, while units command approximately $700 per week, reflecting sustained demand from growing households, interstate arrivals and international migrants. For investors, this creates several advantages:

• Strong rental income.
• Low vacancy risk.
• Consistent tenant demand.
• Attractive gross rental yields compared with many eastern capitals.

Suburbs close to employment hubs, universities and METRONET stations continue to outperform due to their accessibility and lifestyle appeal.

8. Even after several years of strong growth, Perth remains one of Australia’s more affordable capital cities when compared with Sydney, Melbourne and Brisbane. This relative affordability has attracted both owner-occupiers and investors seeking better value and stronger rental returns. It has also encouraged migration from the eastern states, where many buyers find Perth offers larger homes, more land and improved lifestyle opportunities for a similar or lower purchase price.

Capital City	Approximate Median House Price (2026)
Sydney	$1.5 million+
Melbourne	$950,000–$1.0 million
Brisbane	Around $1.0 million
Perth	$938,000

9. Major transport projects, housing-enabling infrastructure, new schools, healthcare facilities and urban renewal precincts are changing where people choose to live and where businesses invest. History has repeatedly shown that suburbs receiving significant government investment tend to experience:

• Higher buyer demand.
• Improved connectivity.
• Increased employment opportunities.
• New retail and commercial activity.
• Stronger long-term capital growth.

For this reason, understanding where government funding is being directed is now just as important as analysing current market data. At Bargoti Real Estate, we believe the most successful property decisions are made before infrastructure projects are fully completed—not after surrounding prices have already adjusted.

Development One: The Housing Supply & Infrastructure Investment Program – Unlocking Perth’s Next Generation of Growth Corridors 

1. If there is one initiative that best demonstrates how seriously the Western Australian Government is addressing Perth’s housing shortage, it is the Housing Supply and Infrastructure Investment Program. Rather than simply funding the construction of new homes, the Government has recognised that one of the biggest barriers to increasing housing supply is the lack of supporting infrastructure. Roads, water, sewerage, power, drainage, schools, public transport and community facilities must all be delivered before large residential developments can proceed at scale.

2. This is why the 2026–27 WA State Budget committed more than $4.7 billion in additional housing investment, increasing the Government’s total housing investment since 2021 to over $10.8 billion. A significant proportion of this funding is being directed towards housing-enabling infrastructure that will unlock thousands of new homes across metropolitan Perth and regional Western Australia. For buyers and investors, this is more than a housing policy—it is a roadmap to Perth’s next wave of residential growth.

3. Many people assume that developers purchase land and begin building homes. In reality, residential development is a complex process that depends on extensive infrastructure investment. Before a new suburb or estate can welcome residents, governments and utility providers must ensure the area has:

• Road connections.
• Water and wastewater services.
• Electricity and telecommunications.
• Stormwater drainage.
• Public transport access.
• Schools and childcare facilities.
• Parks and recreational spaces.
• Healthcare and emergency services.

Without these essential services, land cannot be developed efficiently. This is why government investment often precedes private sector construction. Once enabling infrastructure is delivered, developers gain confidence to commence projects, builders can increase housing supply, and buyers gain access to new communities.

4. Historically, suburbs that receive early infrastructure investment often experience sustained population growth and stronger long-term property performance. In addition to the $4.7 billion housing package, the Government has introduced targeted initiatives such as the Housing Enabling Infrastructure Fund, expanded affordable housing programs, planning reforms and incentives for apartment development. Together, these measures aim to bring more homes to market while ensuring that supporting infrastructure keeps pace with population growth. The WA Government’s housing strategy is designed to tackle several long-standing challenges simultaneously:

Strategic Objective	Expected Outcome
Unlock development-ready land	Increase housing supply
Improve infrastructure capacity	Accelerate residential construction
Support affordable housing	Improve home ownership opportunities
Increase apartment development	Deliver higher-density housing near activity centres
Encourage private investment	Expand housing choice
Reduce housing shortages	Improve market stability

5. While housing investment is occurring across Western Australia, several metropolitan growth corridors are expected to receive the greatest benefit because they can accommodate large-scale residential expansion. These locations are not random. They align closely with existing and planned transport infrastructure, employment hubs and long-term metropolitan planning objectives under Perth’s growth strategy. These include:

Growth Corridor	Primary Focus
East Wanneroo	New residential communities
Alkimos & Eglinton	Coastal urban expansion
Bullsbrook	Strategic industrial and residential growth
Ellenbrook	Transit-oriented development
Midland	Urban renewal and higher-density housing
Yanchep	Northern corridor expansion
Armadale	Affordable housing and infill development

A. East Wanneroo: Perth’s Emerging Residential Powerhouse

One of the most significant beneficiaries of housing-enabling infrastructure is East Wanneroo. Located within Perth’s rapidly expanding northern corridor, East Wanneroo has long been identified as a future urban growth area. However, progress has been constrained by infrastructure requirements. Government funding is now helping unlock this land for residential development, creating opportunities for thousands of future homes over the coming years. Improved road networks, utilities and community infrastructure are expected to support this transformation. Why East Wanneroo Matters

• Large supply of developable land.
• Proximity to major employment areas.
• Connection to the Mitchell Freeway corridor.
• Access to future public transport improvements.
• Increasing interest from residential developers.

For investors with a long-term outlook, East Wanneroo represents the type of suburb where infrastructure investment often precedes sustained capital growth.

B. Alkimos: From Coastal Estate to Established Community

A decade ago, Alkimos was primarily viewed as a future development area. Today, it is one of Perth’s fastest-growing coastal communities. Government investment has transformed the suburb through:

• New schools
• Shopping centres
• Healthcare facilities
• Road upgrades
• METRONET connectivity
• Residential land releases

The latest housing initiatives are expected to further accelerate development by supporting additional infrastructure and housing delivery. Alkimos continues to attract first-home buyers, young families and investors seeking modern housing in a coastal location with improving transport links.

Indicator	Position
Buyer Demand	Very High
Family Appeal	Excellent
Infrastructure Pipeline	Strong
Investment Outlook	Positive
Long-Term Growth Potential	High

C. Bullsbrook: More Than Just an Industrial Hub

Bullsbrook is undergoing one of the most significant transformations in metropolitan Perth. Traditionally associated with agriculture and logistics, the suburb is increasingly benefiting from strategic government planning that combines industrial expansion with residential development. Several factors are contributing to its growth:

• Strategic freight connections
• Defence-related investment
• Industrial employment
• New residential estates
• Improved transport infrastructure

Housing-enabling infrastructure is expected to unlock additional residential opportunities while supporting the area’s growing workforce. For investors, Bullsbrook illustrates how employment growth and housing demand often reinforce one another.

D. Ellenbrook: A Case Study in Infrastructure-Led Growth

Few suburbs demonstrate the impact of government investment better than Ellenbrook. For many years, residents relied heavily on road transport despite rapid population growth. The delivery of the METRONET Ellenbrook Line fundamentally changed the suburb’s accessibility, reducing travel times to Perth’s CBD and increasing buyer confidence. The latest housing initiatives build upon this success by encouraging higher-density development around transport nodes and supporting continued residential expansion. Why Ellenbrook Continues to Perform

• Established community facilities
• Direct rail connection to Perth
• Strong retail and education infrastructure
• Ongoing residential development
• High demand from owner-occupiers

Ellenbrook shows how transport and housing investment can work together to create a mature, self-sustaining community.

6. Government investment does not only benefit new housing estates. Existing suburbs surrounding major infrastructure projects often experience increased demand as buyers seek established homes close to improving amenities. The typical sequence is:

• Government announces infrastructure funding.
• Land values begin to rise.
• Developers commence residential projects.
• Retail and commercial investment follows.
• The population increases.
• Demand for existing homes strengthens.
• Capital values grow over time.

This pattern has been observed across numerous Perth suburbs over the past two decades and is likely to continue as the latest projects progress.

7. For investors, the Housing Supply & Infrastructure Investment Program creates opportunities to identify suburbs before they reach peak popularity. However, successful investing requires careful suburb selection. Not every area receiving funding will perform equally. The strongest prospects are generally those where infrastructure investment is supported by employment growth, transport connectivity and consistent population inflows. Key considerations include:

Investment Factor	Why It Matters
Government funding	Signals long-term commitment
Infrastructure delivery	Improves accessibility and amenity
Population growth	Supports sustained housing demand
Employment creation	Increases local purchasing power
Housing supply pipeline	Shapes future market balance

Rather than focusing solely on current median prices, we assess where government investment is creating the conditions for long-term demand. Areas such as East Wanneroo, Alkimos, Bullsbrook and Ellenbrook demonstrate how infrastructure investment can unlock new housing opportunities while strengthening the broader property market.

Development Two: METRONET Station Precincts – How Perth’s Expanding Rail Network Is Creating the City’s Next Property Hotspots

1. When discussing Perth’s property market, buyers often focus on median house prices, rental yields or interest rates. While these factors are important, history consistently shows that transport infrastructure is one of the most influential long-term drivers of residential property values. Across Australia, suburbs that gain new rail stations, improved road connections or major public transport upgrades often experience stronger demand than neighbouring suburbs. Better accessibility reduces commuting times, attracts businesses, improves liveability and increases buyer confidence. In turn, these improvements frequently translate into higher property values over time.

2. Over the past decade, the Western Australian Government’s METRONET program has fundamentally changed how Perth grows. Rather than allowing urban expansion to spread without structure, METRONET has encouraged transit-oriented development (TOD)—creating communities centred around modern railway stations, mixed-use precincts, higher-density housing and improved public spaces. The 2026–27 State Budget continues this strategy by supporting station precinct planning, urban renewal projects and infrastructure that will unlock thousands of additional homes around key transport corridors. These investments are expected to play a significant role in shaping Perth’s housing market over the next decade.

3. Transit-oriented development (TOD) is an urban planning approach that concentrates housing, employment, retail and community facilities within walking distance of major public transport hubs. Rather than building isolated residential estates, TOD aims to create vibrant, connected neighbourhoods where residents can easily access trains, buses, shops, schools and recreational facilities without relying solely on private vehicles. The benefits include:

• Reduced travel times
• Higher housing diversity
• Increased local employment
• Improved retail activity
• Better walkability
• Greater environmental sustainability
• Stronger long-term property demand

This model has been successfully implemented in cities such as Melbourne, Brisbane, Singapore and Vancouver. Perth is now embracing the same approach through METRONET.

4. METRONET has grown into one of the largest public transport investments in Western Australia’s history. While the rail infrastructure itself is transformative, the real property story lies in what happens around these stations. Key Highlights:

METRONET Achievement	Latest Status (2026)
New rail lines delivered	Multiple major lines completed
New and upgraded stations	23+ stations delivered or upgraded
Level crossings removed	Significant progress
Station precinct projects	Ongoing across metropolitan Perth
Future housing opportunities	Tens of thousands of dwellings planned

5. Numerous Australian property studies have found that homes located near high-quality public transport generally command stronger buyer demand than comparable homes in less connected areas. Buyers increasingly value:

• Shorter commuting times
• Reduced transport costs
• Lifestyle convenience
• Access to employment centres
• Walkability
• Future infrastructure certainty

For investors, these factors typically translate into:

• Larger tenant pools
• Lower vacancy rates
• More resilient rental demand
• Stronger long-term capital growth

This is particularly relevant in Perth, where many employment centres remain concentrated around the CBD, Osborne Park, Malaga, Kewdale, Perth Airport and major industrial precincts.

A. Ellenbrook: Perth’s Biggest Transport Success Story

Perhaps no suburb better demonstrates the impact of transport investment than Ellenbrook. For decades, Ellenbrook was one of Perth’s largest communities without a railway connection. Residents relied heavily on road transport, and peak-hour congestion often affected commuting times. 

The opening of the METRONET Ellenbrook Line has transformed accessibility, connecting Ellenbrook directly to Perth’s rail network and significantly improving travel efficiency. This improved connectivity has strengthened buyer confidence, encouraged additional residential development and supported higher-density planning around the station precinct. 

The suburb now offers a compelling combination of affordability (relative to inner Perth), modern housing, established amenities and rail connectivity—making it one of the northern corridor’s standout growth locations.

Indicator	Position
Population Growth	Strong
Public Transport	Excellent
Retail Infrastructure	Established
Family Appeal	Very High
Long-Term Investment Outlook	Excellent

B. Morley: Urban Renewal Through Connectivity

Another suburb benefiting significantly from METRONET is Morley. Long regarded as an important commercial and retail centre, Morley is now positioned to evolve into a major mixed-use activity hub. Government planning around the Morley Station precinct includes:

• Higher-density residential development
• Improved pedestrian connectivity
• New commercial opportunities
• Enhanced public spaces
• Better transport integration

For buyers, this means greater lifestyle convenience. For investors, it signals increased demand for apartments, townhouses and low-maintenance housing close to public transport. Historically, similar precinct transformations in Australian cities have delivered sustained capital appreciation over the medium to long term.

C. Bayswater: A Gateway to Multiple Rail Lines

Bayswater has emerged as one of Perth’s most strategically important transport hubs. The redevelopment of Bayswater Station has transformed it into a key interchange connecting:

• Midland Line
• Airport Line
• Ellenbrook Line

This improved connectivity has significantly enhanced the suburb’s accessibility.

As transport infrastructure continues to improve, Bayswater is expected to attract increasing interest from professionals seeking convenient access to multiple employment centres. Why Buyers Are Watching Bayswater

• Proximity to Perth CBD
• Excellent rail connectivity
• Established housing stock
• Increasing urban renewal
• Growing café and retail culture

D. High Wycombe: Airport Connectivity Creates Opportunity

High Wycombe has traditionally been viewed as a suburban residential location. However, the completion of the Airport Line has fundamentally changed its strategic importance. With Perth Airport continuing to expand and passenger numbers recovering strongly, surrounding suburbs such as High Wycombe are expected to benefit from increasing employment and housing demand.

Residents now benefit from:

• Direct rail access to Perth Airport
• Improved CBD connectivity
• Reduced travel times
• Greater appeal for airport workers
• Increased investor interest

E. Midland: A Strategic Metropolitan Centre

Midland has long served as Perth’s eastern gateway. Combined with METRONET improvements, Midland is attracting renewed attention from both owner-occupiers and investors seeking relatively affordable property within an established urban environment.

Government investment is now accelerating its evolution into a major metropolitan centre through:

• Hospital expansion
• Education investment
• Mixed-use redevelopment
• Transport upgrades
• Higher-density housing

One of the most significant shifts in Perth’s housing market is the growing popularity of station precinct living. Traditionally, detached family homes dominated buyer demand. Today, many buyers—particularly first-home buyers, downsizers and young professionals—are increasingly considering:

• Apartments
• Townhouses
• Villas
• Mixed-use developments
• Boutique residential projects

located within walking distance of rail stations. This trend is expected to accelerate as affordability pressures encourage buyers to prioritise convenience over larger land holdings.

6. The following suburbs are expected to receive continued support from METRONET-related planning and investment over the coming years.

Suburb	Primary Growth Driver	Investment Potential
Ellenbrook	Rail connectivity + housing growth	★★★★★
Morley	Station precinct redevelopment	★★★★★
Bayswater	Major transport interchange	★★★★★
Midland	Urban renewal + healthcare	★★★★☆
High Wycombe	Airport Line	★★★★☆
Forrestfield	Airport connectivity	★★★★☆
Cannington	Mixed-use redevelopment	★★★★☆
Carlisle	Inner-city renewal	★★★★☆

7. New rail stations allow governments to increase residential density without placing excessive pressure on existing road networks. As a result, many station precincts are being rezoned to accommodate:

• Apartment developments
• Build-to-rent projects
• Affordable housing
• Mixed-use communities
• Commercial developments

This approach aligns with Perth’s long-term planning strategy, which aims to accommodate population growth while reducing urban sprawl.

• For developers, this creates opportunities to deliver more housing in well-connected locations.
• For buyers, it provides greater housing choice.
• For investors, it supports stronger long-term tenant demand.

8. Perth has already witnessed several examples of infrastructure-led growth. Although many factors influence property performance, transport infrastructure has consistently been a catalyst for long-term value creation across metropolitan Perth.

Infrastructure Project	Property Market Impact
Joondalup Rail Line	Strong residential expansion
Mandurah Rail Line	Significant suburban growth
Airport Line	Increased demand in eastern suburbs
Forrestfield-Airport Link	Improved accessibility
Ellenbrook Line	Enhanced buyer confidence and development activity

While METRONET creates substantial opportunities, investors should avoid assuming every property near a station will outperform. Successful investing requires analysing the broader suburb—not simply purchasing the closest property to a railway station.

Whether you’re buying or selling, Trusted Real Estate Agents in Perth can help you achieve the best results.

Development Three: Affordable Housing, Build-to-Sell & Build-to-Rent – How Perth’s Housing Revolution Is Creating New Investment Opportunities

1. For decades, the Perth property market has been dominated by detached family homes on large suburban blocks. While this model has defined the city’s growth, it is becoming increasingly difficult to sustain. Rapid population growth, rising construction costs, limited serviced land and changing lifestyle preferences mean that Perth needs more diverse housing, not simply more houses. Recognising this challenge, the Western Australian Government has significantly expanded its support for affordable housing, Build-to-Sell (BTS), Build-to-Rent (BTR), apartment developments and higher-density communities.

2. The 2026–27 WA State Budget builds on previous housing initiatives by introducing new funding programs, planning reforms and financial incentives designed to unlock apartment projects that were previously considered commercially unviable. At the same time, the Federal Government’s Housing Australia Future Fund (HAFF) and the National Housing Accord continue to provide funding support for social and affordable housing projects across Australia, including Western Australia. Rather than focusing solely on greenfield estates, the Government is encouraging the development of well-connected, medium- and high-density housing close to employment centres, transport hubs and essential services.

3. According to the Australian Bureau of Statistics, the average household size continues to decline over the long term, increasing demand for diverse housing options such as apartments, townhouses and villas. This trend is particularly evident in well-connected metropolitan areas. Western Australia’s population continues to expand, driven by interstate migration, overseas skilled workers and strong employment growth. However, household composition is also changing. More people are now living:

• Alone
• As couples without children
• In smaller family units
• As downsizers seeking low-maintenance homes
• As students or young professionals renting close to employment centres

These demographic shifts mean that the traditional three- or four-bedroom house on a large block no longer meets the needs of every household.

4. One of the major challenges facing apartment developers over the past few years has been escalating construction costs. Many projects were delayed or cancelled because rising labour and material expenses made developments financially unviable. To address this issue, the WA Government has introduced several initiatives aimed at encouraging private sector investment. These include:

• Financial support for Build-to-Sell apartment developments
• Planning reforms to accelerate approvals
• Infrastructure funding for higher-density precincts
• Incentives for affordable housing delivery
• Support for mixed-use developments

This approach reduces urban sprawl while improving access to employment, education and public transport.

5. Build-to-Sell (BTS) refers to residential apartment developments that are constructed specifically for individual buyers. Unlike traditional land subdivisions, Build-to-Sell projects often provide:

• Apartments
• Townhouses
• Mixed-use developments
• Medium-density housing

These developments typically appeal to:

• First-home buyers
• Young professionals
• Downsizers
• Investors
• Smaller families

Government incentives are making more of these projects commercially feasible across Perth.

6. While Build-to-Sell developments focus on ownership, Build-to-Rent (BTR) is a different model. Instead of selling apartments individually, an entire residential building is owned and professionally managed by a single entity, with apartments leased to tenants over the long term. Internationally, Build-to-Rent has become a significant housing sector in cities such as:

• London
• Manchester
• New York
• Toronto
• Singapore

Australia is now rapidly adopting this model. Perth’s growing rental demand makes the city increasingly attractive for institutional Build-to-Rent investment.

7. One of the most significant planning changes occurring across Perth is the development of Activity Centres. Rather than concentrating employment and services solely in Perth CBD, planning authorities are encouraging growth around strategic metropolitan centres. Examples include:

Activity Centre	Key Advantages
Midland	Health, education, transport
Morley	Retail and commercial growth
Cannington	Mixed-use redevelopment
Joondalup	Education and employment
Cockburn Central	Transport and retail
Armadale	Affordable housing growth
Subiaco	Urban renewal
Perth CBD	Apartment demand

A. Perth CBD: A Changing Residential Landscape

For many years, Perth’s CBD apartment market faced challenges due to oversupply. However, conditions have changed considerably. Population growth, returning international students, migration and increased employment have strengthened demand for inner-city housing.

Government support for affordable housing and urban renewal is expected to further improve the city’s residential appeal. Several projects are helping transform Perth CBD through:

• Mixed-use developments
• Student accommodation
• Affordable apartments
• Public space upgrades
• Improved pedestrian connectivity

These investments are creating a more vibrant city centre that attracts both residents and businesses.

B. Roe Street & Inner-City Renewal

The WA Government continues to support redevelopment opportunities around Roe Street, Northbridge and surrounding city precincts. As city living becomes increasingly attractive to young professionals and downsizers, these precincts are expected to play an important role in Perth’s future housing supply.

These areas are benefiting from:

• Residential redevelopment
• Public realm improvements
• Cultural investment
• Hospitality growth
• Improved transport accessibility

C. Telethon Avenue: Health Precinct Growth

The QEII Medical Centre and Telethon Avenue precinct represent another example of infrastructure driving housing demand. Healthcare workers, researchers, students and professionals increasingly seek housing close to these employment centres, supporting demand for apartments and medium-density developments.

The concentration of:

• Hospitals
• Research facilities
• Universities
• Healthcare employment

creates consistent demand for nearby accommodation.

8. The Government’s affordable housing strategy is expected to strengthen demand across several established and emerging suburbs.

Suburb	Growth Driver	Buyer Appeal	Investor Potential
Perth CBD	Urban renewal	★★★★★	★★★★☆
Subiaco	Lifestyle + transport	★★★★★	★★★★★
Cannington	Mixed-use redevelopment	★★★★☆	★★★★☆
Midland	Affordable apartments	★★★★☆	★★★★☆
Cockburn Central	Transit-oriented living	★★★★★	★★★★★
Joondalup	Education hub	★★★★★	★★★★★
Armadale	Affordable entry point	★★★★☆	★★★★☆

9. Despite strong government support, several challenges remain.

• Although building material inflation has eased compared with the peaks experienced in 2022–2023, construction costs remain elevated.
• The building industry continues to experience shortages of skilled trades, which can extend project timelines.
• Some apartment projects remain financially challenging without government assistance, particularly where land values are high.
• Financing costs continue to influence developer decision-making, although expectations of a more stable interest rate environment are improving confidence across the sector.

These factors explain why government funding remains essential to accelerating housing supply.

10. At Bargoti Real Estate, we believe Perth’s apartment market is entering a new phase. Unlike previous development cycles, today’s projects are being supported by coordinated government investment in transport, planning reform, affordable housing and community infrastructure. The result is not simply more apartments—it is the creation of complete neighbourhoods where people can live, work and connect.

• For buyers, this means more choice in locations that were previously out of reach.
• For investors, it presents an opportunity to diversify beyond traditional detached housing and benefit from Perth’s growing demand for well-located, low-maintenance properties.

As government policy continues to encourage higher-density living, suburbs that successfully combine transport, employment and lifestyle are likely to become some of Perth’s strongest-performing residential markets over the next decade.

Development Four: First Home Buyer Incentives, Stamp Duty Reform & Keystart Expansion – Why 2026 Could Be the Best Opportunity for Perth’s Next Generation of Homeowners

1. Over the past five years, rising property prices, higher construction costs, elevated interest rates and increased living expenses have made home ownership more difficult for many Australians. While Perth remains one of the country’s more affordable capital cities, affordability pressures have also become more evident across Western Australia. Recognising this, the 2026–27 Western Australian State Budget introduced one of the most significant first-home buyer support packages in the state’s history.

2. Rather than relying on a single grant or incentive, the Government has combined stamp duty reforms, Keystart expansion, affordable housing initiatives and financing support into a coordinated strategy designed to improve access to home ownership. More importantly, these initiatives are expected to increase buyer activity in several affordable and middle-ring suburbs across Perth, creating new opportunities for both owner-occupiers and property investors.

• For buyers, these reforms reduce the upfront costs of purchasing a home.
• For developers, they create greater confidence that newly completed housing projects will find buyers.
• For investors, they provide a reliable source of demand, particularly in suburbs where first-home buyers make up a significant proportion of buyers.

3. The 2026–27 State Budget included several major housing initiatives aimed directly at helping first-home buyers enter the market. These measures represent one of the largest affordability packages ever introduced in Western Australia and reflect the Government’s objective of increasing home ownership while also encouraging private residential development. Key Housing Measures Announced:

Government Initiative	Funding
Housing Investment Package	$4.7 billion
Affordable Homes Program	$375 million
Keystart Pre-Sale Guarantee	$250 million
First Home Buyer Commercial Financing Facility	$250 million
Housing Taxation & Stamp Duty Measures	$297 million

4. For many first-home buyers, the greatest obstacle is not the monthly mortgage repayment—it is saving enough money to cover the initial purchase costs. Stamp duty has traditionally represented one of the largest upfront expenses when purchasing a property. The WA Government’s latest reforms significantly increase the thresholds at which first-home buyers receive concessions or exemptions. Instead of spending tens of thousands of dollars on transaction costs, eligible buyers can redirect those savings towards:

• A larger deposit
• Higher-quality properties
• Renovations
• Furniture and household expenses
• Mortgage repayments

From an economic perspective, reducing transaction costs also improves market activity by encouraging more buyers to enter the market.

5. Keystart has long played an important role in Western Australia’s housing market by assisting buyers who may not qualify for traditional bank finance. In 2026, the Government expanded its support through the $250 million Keystart Pre-Sale Guarantee, helping developers secure finance for apartment projects while also improving housing supply. This initiative has two major benefits.

For Buyers

• Greater housing choice
• More affordable apartments
• Improved financing opportunities
• Easier pathway into home ownership

For Developers

• Increased project certainty
• Improved access to finance
• Greater confidence to commence construction
• Higher housing delivery

Rather than simply supporting demand, Keystart is now helping increase supply—a crucial distinction in today’s housing market.

6. Another key initiative is the Government’s $375 million Affordable Homes Program, designed to increase the supply of homes specifically targeted at first-home buyers. The program supports:

• New detached homes
• Apartments
• Townhouses
• Medium-density housing
• Mixed-use developments

Importantly, many of these projects are being located close to:

• Railway stations
• Schools
• Employment centres
• Shopping precincts
• Community facilities

This ensures buyers are purchasing homes within established communities rather than isolated housing estates.

7. Property markets rely on a continuous flow of new buyers. Government incentives are therefore designed not only to help individuals but also to maintain housing market stability. When first-home buyers enter the market:

• Existing homeowners upgrade.
• Investors purchase additional properties.
• Developers commence new projects.
• Builders receive more work.
• Retail spending increases.

Economists often describe first-home buyers as the foundation of the residential property market, as they initiate a chain of transactions that supports the broader economy.

8. Despite several years of strong price growth, Perth remains significantly more affordable than Sydney and, in many cases, Brisbane. Approximate Median House Prices (2026):

Capital City	Median House Price
Sydney	$1.55 million+
Melbourne	Around $980,000
Brisbane	Around $1.05 million
Adelaide	Around $940,000
Perth	Approximately $938,000

9. Government support is expected to stimulate demand in suburbs where prices remain accessible while infrastructure continues to improve.

A. Wellard

Located in Perth’s southern growth corridor, Wellard continues to attract young families due to:

• Modern housing estates
• Railway connectivity
• Schools
• Affordable price points
• Strong community facilities

Government assistance may encourage additional first-home buyer activity in this suburb.

B. Bertram

Bertram offers relatively affordable detached housing within commuting distance of Perth. Strengths include:

• Established residential communities
• Good transport access
• Growing retail facilities
• Family-friendly environment

As affordability becomes increasingly important, suburbs like Bertram are expected to remain attractive to first-home buyers.

C. Yanchep

Yanchep has transformed from a coastal holiday destination into one of Perth’s fastest-growing residential corridors. Recent investment includes:

• METRONET rail extension
• Road upgrades
• Schools
• Healthcare facilities
• New residential developments

These improvements are likely to continue attracting younger buyers seeking affordability combined with long-term growth potential.

D. Midland

Midland’s combination of affordability, transport connectivity and healthcare investment makes it increasingly attractive for owner-occupiers. Key advantages include:

• Railway station
• Hospital precinct
• Shopping centres
• Education facilities
• Employment opportunities

Government affordability initiatives may further strengthen demand within this market.

E. Ballajura 

Although often overlooked, Ballajura continues to benefit from:

• Established infrastructure
• Family appeal
• Access to employment centres
• Improving transport connectivity

Its relatively accessible pricing compared with neighbouring suburbs positions it well for continued first-home buyer demand.

10. Beyond these suburbs, several outer metropolitan locations are expected to benefit from increasing buyer activity.

Growth Corridor	Why Demand Is Increasing
Alkimos	Coastal lifestyle + new infrastructure
Eglinton	Affordable land supply
East Wanneroo	Government infrastructure investment
Bullsbrook	Employment growth + housing expansion
Byford	Population growth
Armadale	Urban renewal and affordability

These suburbs combine relatively affordable entry prices with significant government investment, making them attractive to buyers seeking long-term value.

11. Some investors assume that first-home buyer incentives reduce investment opportunities by increasing competition. In reality, the opposite is often true. When government assistance increases buyer confidence:

• New housing estates become more viable.
• Developers accelerate projects.
• Local businesses expand.
• Infrastructure investment continues.
• Population growth increases.
• Rental demand strengthens.

Investors who purchase in suburbs experiencing these changes often benefit from improving neighbourhood amenity and rising owner-occupier demand.

12. One of the strongest indicators of a healthy suburb is a high proportion of owner-occupiers. Owner-occupiers typically:

• Maintain their properties to a higher standard.
• Invest in renovations.
• Participate in local communities.
• Support schools and local businesses.
• Remain in the suburb for longer periods.

Government incentives encouraging home ownership therefore contribute to stronger long-term neighbourhood stability.

13. While Government incentives improve affordability, buyers should avoid making decisions based solely on grants or tax concessions. Important considerations include:

• Employment opportunities
• School catchments
• Transport connectivity
• Future housing supply
• Local infrastructure
• Builder quality (for new homes)
• Long-term resale potential

A well-located property in a growing suburb generally provides stronger long-term value than purchasing purely to access an incentive.

14. Although affordability measures reduce upfront costs, borrowing capacity remains influenced by interest rates. The Reserve Bank of Australia (RBA) has begun easing monetary policy in 2026 after inflation moderated closer to its target range. 

• Lower borrowing costs have improved buyer sentiment, particularly among first-home buyers who were previously constrained by higher mortgage repayments. 
• While future rate movements will depend on inflation and economic conditions, the shift has provided additional confidence to Perth’s housing market alongside the State Government’s affordability initiatives. 

For Perth, this combination of lower financing costs, government incentives and improving housing supply has created one of the strongest environments for first-home buyers in recent years.

15. Industry analysts expect first-home buyer activity to remain an important driver of Perth’s housing market, particularly in suburbs where:

• New land is being released.
• METRONET stations improve accessibility.
• Affordable housing projects are completed.
• Employment centres continue to expand.
• Community infrastructure keeps pace with population growth.

Rather than creating a short-term surge, these initiatives are intended to support sustainable demand across Perth’s residential market. As these buyers establish themselves in emerging suburbs, they also contribute to stronger local economies, improved amenities and increasing property values over time.

Also read about: The Economic Ripple Effect: War, Inflation and the Future of Australian Property

Development Five: Perth’s Growth Corridors & Regional Expansion – Where Government Funding Is Creating Tomorrow’s Property Hotspots

1. For much of Perth’s modern history, residential growth has largely radiated outward from the CBD. Buyers traditionally sought homes within the inner suburbs before gradually moving further north and south as affordability became a challenge. Government investment is no longer concentrated solely within the metropolitan core. Instead, billions of dollars are being directed towards strategic growth corridors, industrial precincts, transport infrastructure and regional cities that support Western Australia’s broader economic development. Rather than encouraging all employment and population growth within central Perth:

• The WA Government is creating multiple economic centres across the state—each supported by housing, transport, healthcare, education and employment infrastructure.
• Growth opportunities are emerging not only in Perth’s outer suburbs but also in regional centres that are becoming increasingly connected to Western Australia’s expanding economy.

For property buyers and investors, this creates an entirely new investment landscape.

2. One of the biggest drivers behind this strategy is population growth. Western Australia continues to record one of Australia’s strongest population growth rates, driven by:

• Overseas skilled migration
• Interstate migration
• Employment opportunities
• Resources investment
• Defence projects
• Manufacturing expansion

According to the WA Tomorrow Population Report and the WA Department of Treasury, Perth’s metropolitan population is expected to continue growing steadily over the coming decades, placing increasing pressure on housing supply, transport networks and public infrastructure. Rather than allowing uncontrolled urban sprawl, planners are directing new growth into carefully identified corridors capable of supporting thousands of additional homes and businesses.

3. Growth corridors are more than simply areas where new houses are being built. They represent locations where governments deliberately coordinate:

• Residential development
• Transport infrastructure
• Employment hubs
• Industrial investment
• Schools
• Healthcare services
• Shopping centres
• Recreational facilities

When these elements are delivered together, entire communities can develop more sustainably. Historically, suburbs within successful growth corridors often experience:

• Above-average population growth
• Strong owner-occupier demand
• Increasing rental demand
• New business investment
• Higher long-term capital growth

4. The Western Australian Government has identified several strategic growth corridors expected to accommodate significant housing and employment expansion. Each corridor has unique characteristics that appeal to different types of buyers and investors.

Growth Corridor	Primary Government Focus	Long-Term Outlook
Northern Corridor	Housing + METRONET + Coastal Expansion	Excellent
North-East Corridor	Industrial Growth + Housing	Excellent
South-East Corridor	Urban Renewal + Affordable Housing	Very Strong
Peel Region	Population Growth + Employment	Strong
South-West WA	Regional Housing + Industry	Strong

A. Bullsbrook: Perth’s Emerging Economic Gateway

Few suburbs have generated as much long-term discussion among planners as Bullsbrook. Located approximately 40 kilometres north-east of Perth CBD, Bullsbrook is strategically positioned near:

• Perth Airport
• Major freight routes
• Tonkin Highway
• Great Northern Highway
• Future industrial developments

Government investment in road upgrades and surrounding infrastructure is helping transform Bullsbrook from a semi-rural community into an important employment and residential centre. Why Bullsbrook Matters:

• Large supply of developable land
• Industrial employment growth
• Logistics expansion
• Defence-related opportunities
• Affordable housing compared with inner suburbs.

For investors seeking long-term capital appreciation rather than immediate gains, Bullsbrook represents one of Perth’s emerging strategic locations.

B. East Wanneroo: The Northern Expansion Continues

East Wanneroo has become one of the most important housing growth areas within metropolitan Perth. Government funding is helping unlock:

• New residential estates
• Road infrastructure
• Water services
• Community facilities
• Public open spaces

Unlike many established suburbs where redevelopment opportunities are limited, East Wanneroo still has the capacity to accommodate significant population growth. This makes it particularly attractive for:

• First-home buyers
• Young families
• Developers
• Long-term investors

C. Byford: From Country Town to Metropolitan Centre

A decade ago, Byford was often viewed as a semi-rural township on Perth’s southern fringe. Today, it is one of Western Australia’s fastest-growing communities. Major factors driving growth include:

• METRONET Byford Rail Extension
• Population growth
• New schools
• Shopping precincts
• Residential subdivisions
• Improved road infrastructure

As connectivity improves, Byford is increasingly attracting buyers who previously searched in Armadale or Kelmscott. The suburb’s transformation illustrates how transport infrastructure can reshape housing demand.

D. Yanchep: Perth’s Northern Coastal Success Story

Yanchep continues to evolve into one of Perth’s most significant coastal growth centres. Recent government investment includes:

• Railway extension
• Road upgrades
• New schools
• Healthcare facilities
• Community infrastructure

Combined with relatively affordable coastal housing, these improvements have significantly increased buyer demand. Why Investors Like Yanchep:

• Coastal lifestyle
• Strong family appeal
• Infrastructure investment
• Growing retail sector
• Long-term population growth

As Perth expands northwards, Yanchep is expected to play an increasingly important role within the metropolitan housing market.

E. Alkimos & Eglinton: Coastal Communities on the Rise

The northern coastal corridor continues to attract substantial government and private sector investment. Alkimos and Eglinton benefit from:

• Railway connectivity
• Mitchell Freeway extensions
• New schools
• Shopping centres
• Healthcare services
• Modern housing estates

These suburbs appeal particularly to younger families seeking newer homes with access to beaches, parks and improving transport connections.

F. Armadale: Urban Renewal Creates New Opportunities

For many years, Armadale was viewed primarily as an affordable housing market. Today, government investment is changing that perception. Projects supporting Armadale include:

• Railway upgrades
• Town centre improvements
• Affordable housing
• Community infrastructure
• Education investment

As the suburb continues to evolve, increasing owner-occupier demand is contributing to stronger neighbourhood stability.

G. The Peel Region: Perth’s Southern Economic Partner

The Peel Region continues to strengthen its role within Western Australia’s economy. Centred around Mandurah, the region benefits from:

• Excellent transport links
• Population growth
• Tourism
• Healthcare
• Education
• Lifestyle appeal

Government investment in roads, regional infrastructure and housing is supporting continued residential demand. Many Perth workers now choose to live within Peel while commuting to metropolitan employment centres.

H. Bunbury: Western Australia’s Second Capital in the Making?

Located approximately two hours south of Perth, Bunbury has become one of Western Australia’s fastest-growing regional cities. Government investment supports:

• Port infrastructure
• Health services
• Education
• Renewable energy
• Manufacturing
• Residential development

Population forecasts indicate continued long-term growth as Bunbury strengthens its position as the South West’s primary regional centre.

I. Albany: Diversifying Beyond Tourism

Albany has traditionally relied on tourism and agriculture. Today, its economy is becoming increasingly diversified through:

• Renewable energy projects
• Port investment
• Defence activity
• Regional infrastructure
• Healthcare expansion

These developments are supporting stronger housing demand while improving employment opportunities.

Comparing Perth’s Key Growth Corridors

Location	Affordability	Infrastructure Pipeline	Population Growth	Investment Potential
Bullsbrook	★★★★★	★★★★★	★★★★☆	★★★★★
East Wanneroo	★★★★☆	★★★★★	★★★★★	★★★★★
Alkimos	★★★★☆	★★★★★	★★★★★	★★★★★
Yanchep	★★★★★	★★★★★	★★★★★	★★★★★
Byford	★★★★☆	★★★★☆	★★★★★	★★★★☆
Armadale	★★★★★	★★★★☆	★★★★☆	★★★★☆
Bunbury	★★★★☆	★★★★☆	★★★★☆	★★★★☆
Albany	★★★★☆	★★★☆☆	★★★☆☆	★★★★☆

5. One of Perth’s unique advantages compared with many Australian cities is the close relationship between employment growth and residential expansion. Major employment drivers include:

• Mining services
• Logistics
• Defence
• Manufacturing
• Construction
• Healthcare

As industrial precincts expand, surrounding residential suburbs often experience stronger buyer and rental demand. Examples include:

Employment Hub	Nearby Residential Markets
Malaga	Ballajura, Mirrabooka, Bennett Springs
Perth Airport	High Wycombe, Forrestfield, Redcliffe
Bullsbrook Industrial Area	Bullsbrook, Ellenbrook
Kwinana Industrial Area	Wellard, Bertram, Parmelia
Joondalup Health Precinct	Joondalup, Currambine, Edgewater

This relationship between jobs and housing is expected to remain one of Perth’s strongest long-term growth drivers.

6. The suburbs and regional centres benefiting from today’s government investment are laying the foundations for tomorrow’s communities. Whether it is the industrial expansion of Bullsbrook, the coastal growth of Yanchep and Alkimos, the transformation of Byford, or the long-term potential of East Wanneroo, these locations share one important characteristic—they are backed by significant public investment and long-term planning.

• For buyers, this means there are still opportunities to secure property in emerging markets before they become fully established.
• For investors, it reinforces the importance of looking beyond current median prices and focusing instead on the structural drivers that support sustainable capital growth.

As Western Australia continues to grow, the suburbs with the strongest combination of infrastructure, employment, affordability and lifestyle are likely to become the state’s next property success stories.

The Top 15 Perth Suburbs Set to Benefit the Most from Government Funding (2026–2035)

1. One of the most common questions buyers ask is: “Which Perth suburbs will benefit the most from all this government investment?” While there is no single answer, one thing is becoming increasingly clear—the suburbs positioned to outperform over the next decade are those where government infrastructure, employment growth, transport investment and housing supply are all converging. Unlike previous property cycles, where growth was often concentrated in a handful of premium suburbs, Perth’s next phase is expected to be much broader.  For investors, this means future capital growth is likely to be increasingly driven by connectivity and liveability, rather than simply proximity to the CBD.

2. At Bargoti Real Estate, we believe investors should evaluate suburbs using five key indicators rather than relying solely on historical price growth. Our Five Investment Drivers:

• Government Infrastructure Investment
• Employment Growth
• Population Growth
• Housing Demand
• Future Land Supply

When these five factors align, suburbs generally have a stronger foundation for long-term capital appreciation.

Perth’s Emerging Investment Scorecard (2026)

Suburb	Median House Price (2026)*	Weekly Rent*	Government Investment	Growth Potential	Investor Rating
Ellenbrook	~$820,000	~$750	⭐⭐⭐⭐⭐	⭐⭐⭐⭐⭐	9.8/10
Alkimos	~$835,000	~$760	⭐⭐⭐⭐⭐	⭐⭐⭐⭐⭐	9.7/10
Yanchep	~$790,000	~$730	⭐⭐⭐⭐⭐	⭐⭐⭐⭐⭐	9.6/10
Byford	~$760,000	~$690	⭐⭐⭐⭐☆	⭐⭐⭐⭐⭐	9.4/10
Bullsbrook	~$720,000	~$670	⭐⭐⭐⭐⭐	⭐⭐⭐⭐⭐	9.4/10
Midland	~$700,000	~$650	⭐⭐⭐⭐⭐	⭐⭐⭐⭐☆	9.2/10
Morley	~$930,000	~$760	⭐⭐⭐⭐⭐	⭐⭐⭐⭐☆	9.1/10
High Wycombe	~$840,000	~$720	⭐⭐⭐⭐☆	⭐⭐⭐⭐☆	9.0/10
Cannington	~$900,000	~$720	⭐⭐⭐⭐☆	⭐⭐⭐⭐☆	8.9/10
Wellard	~$720,000	~$660	⭐⭐⭐⭐☆	⭐⭐⭐⭐☆	8.8/10
Bertram	~$705,000	~$650	⭐⭐⭐⭐☆	⭐⭐⭐⭐☆	8.7/10
Armadale	~$690,000	~$640	⭐⭐⭐⭐☆	⭐⭐⭐⭐☆	8.7/10
Ballajura	~$820,000	~$690	⭐⭐⭐⭐☆	⭐⭐⭐⭐☆	8.6/10
Forrestfield	~$840,000	~$710	⭐⭐⭐⭐☆	⭐⭐⭐⭐☆	8.6/10
Joondalup	~$980,000	~$760	⭐⭐⭐⭐☆	⭐⭐⭐⭐☆	8.5/10

A. Ellenbrook – Perth’s Strongest Infrastructure Success Story

For years, the suburb experienced rapid residential growth but lacked direct rail access. That changed with the completion of the METRONET Ellenbrook Line, dramatically improving connectivity to Perth CBD and surrounding employment centres. Today, Ellenbrook offers:

• Direct train access to Perth CBD
• Established shopping centres
• Modern schools
• Healthcare services
• Extensive parklands
• Continuous residential development

According to REIWA, Ellenbrook has remained one of Perth’s strongest-performing outer metropolitan markets, with robust buyer demand and healthy rental activity. Why We Like Ellenbrook:

• Strong owner-occupier demand
• Excellent transport infrastructure
• Established community
• Ongoing residential expansion
• High long-term liveability

B. Alkimos – Perth’s Premium Coastal Growth Corridor

Alkimos has evolved from a master-planned coastal estate into one of Perth’s most desirable northern suburbs. The suburb benefits from:

• METRONET rail connection
• Mitchell Freeway extension
• Coastal lifestyle
• Modern schools
• Retail precincts
• Medical facilities

Young families continue to drive demand due to the suburb’s balance of affordability, lifestyle and accessibility. Unlike many mature suburbs, Alkimos still has significant capacity for future growth.

C. Yanchep – The Final Frontier of Perth’s Northern Expansion

Few suburbs have undergone such rapid transformation in recent years. Government investment has fundamentally changed Yanchep through:

• Railway extension
• Road upgrades
• New schools
• Community infrastructure
• Housing developments

Historically regarded as a holiday destination, Yanchep is now becoming a genuine metropolitan residential centre. As infrastructure continues to mature, demand is expected to broaden beyond first-home buyers to include investors and upgraders.

D. Bullsbrook – Employment Growth Creates Housing Demand

Many investors focus only on residential development. However, employment is often an even stronger driver of long-term housing demand. Bullsbrook is benefiting from:

• Industrial expansion
• Logistics investment
• Freight infrastructure
• Defence-related activity
• Affordable housing

As employment opportunities increase, surrounding residential demand typically strengthens. This is one reason Bullsbrook remains one of our preferred long-term growth corridors.

E. Byford – The South-East Growth Story

Byford continues to attract buyers seeking affordability without sacrificing connectivity. Government investment includes:

• Byford Rail Extension
• Road improvements
• Education facilities
• Shopping centres
• Healthcare infrastructure

Population growth remains among the strongest in Perth’s southern corridor.

F. Midland – More Than Just an Affordable Suburb

Midland is increasingly becoming one of Perth’s major metropolitan centres. Its advantages include:

• Midland Health Campus
• Rail connectivity
• Commercial employment
• Government services
• Urban renewal

Rather than relying on a single industry, Midland benefits from a diversified local economy.

G. Morley – Retail Meets Transport

Morley has long been an important retail destination. METRONET is now transforming it into a transport-oriented activity centre. Future growth is expected through:

• Mixed-use developments
• Apartment construction
• Retail investment
• Improved walkability
• Better rail access

H. High Wycombe – Airport Connectivity Changes Everything

Airport infrastructure has become an increasingly important property driver. High Wycombe benefits from:

• Airport Line
• Growing logistics sector
• Improved commuting
• Strong owner-occupier demand

With Perth Airport expected to continue expanding over the coming decade, nearby residential markets should remain well supported.

I. Cannington – One of Perth’s Most Underrated Markets

Often overlooked by investors, Cannington combines:

• Excellent transport
• Retail employment
• Mixed-use redevelopment
• Affordable apartments
• Established community infrastructure

Government planning encourages higher-density residential development around activity centres, supporting long-term demand.

J. Wellard & Bertram – Affordable Family Markets

These neighbouring suburbs continue attracting:

• First-home buyers
• Young families
• Owner-occupiers
• Key strengths include:
• Railway stations
• Schools
• Parks
• Modern housing estates
• Competitive price points

As affordability becomes increasingly important, suburbs like Wellard and Bertram are expected to remain active.

K. Armadale – A Market Being Reimagined

Armadale has undergone substantial change. Government investment in:

• Urban renewal
• Public transport
• Housing
• Community facilities

This is gradually changing buyer perceptions. As more owner-occupiers enter the suburb, neighbourhood quality continues improving.

L. Ballajura – Quietly Performing

Ballajura rarely dominates headlines. Yet it offers:

• Established housing
• Strong schools
• Central location
• Access to Malaga employment
• Improving transport connectivity

For long-term investors, consistency often matters more than publicity.

M. Forrestfield – Airport Growth Supports Demand

Forrestfield has become increasingly attractive due to:

• Airport Line
• Improved roads
• Industrial employment
• Family housing

It remains one of Perth’s more balanced residential markets.

N. Joondalup – Perth’s Second CBD

Joondalup continues evolving as a major employment centre. Strengths include:

• Edith Cowan University
• Joondalup Health Campus
• Retail employment
• Rail connectivity
• Coastal lifestyle

Demand remains supported by both owner-occupiers and investors.

3. Comparing Perth’s Best Investment Themes. Rather than viewing suburbs individually, buyers should consider the broader investment theme driving each location.

Investment Theme	Best Suburbs
METRONET Growth	Ellenbrook, Morley, High Wycombe
Coastal Lifestyle	Alkimos, Yanchep
Affordable Family Housing	Byford, Wellard, Bertram
Industrial Employment	Bullsbrook, Forrestfield
Urban Renewal	Midland, Cannington, Armadale
Education & Health	Joondalup, Midland

This thematic approach often provides better long-term investment outcomes than chasing suburbs purely based on recent price growth.

4. Although Perth’s market is becoming more balanced—with 6,777 properties listed for sale across the metropolitan area as at late July 2026 compared with much tighter conditions a year earlier—

• Fundamental demand remains supported by strong migration, a median house price of $938,000, and median weekly house rents of $750.
• REIWA expects continued growth through 2026, albeit at a more sustainable pace than the exceptional gains recorded over the previous two years.

This shift is important because it creates a healthier market for informed buyers. Rather than competing in an environment with extremely limited listings, buyers now have greater choice while still benefiting from the structural drivers supporting Perth’s long-term outlook.

Perth’s Next Decade Starts Today: Why Government Investment Is Creating a Once-in-a-Generation Property Opportunity

1. Perth has always been a city shaped by opportunity. From the mining boom that transformed Western Australia’s economy to the rapid suburban expansion of the early 2000s, every major growth cycle has been driven by a defining catalyst. Today, however, Perth stands at the beginning of a different kind of transformation—one that is more strategic, more diversified and potentially more sustainable than any seen in recent decades. The announcements made through the 2026–27 Western Australian State Budget are not simply about building more homes or extending public transport. Together, they represent a coordinated vision for the future of Perth—one that aims to address housing affordability, improve liveability, strengthen economic productivity and support a growing population for decades to come.

2. Throughout this guide, we have explored five of the most significant government-backed initiatives shaping Perth’s property market:

• A record investment in housing supply and enabling infrastructure, unlocking thousands of new homes across metropolitan Perth and regional Western Australia.
• The continued expansion of METRONET and station precinct redevelopment, creating better-connected communities and increasing the appeal of transit-oriented living.
• Greater support for Build-to-Sell, Build-to-Rent and affordable housing projects, broadening housing choice while encouraging sustainable urban growth.
• Expanded first-home buyer incentives, stamp duty reforms and Keystart initiatives, making home ownership more accessible for Western Australians.
• Strategic investment in Perth’s outer growth corridors and regional centres, ensuring that employment, infrastructure and population growth are shared across the state rather than concentrated in a single location.

Individually, each of these initiatives has the potential to influence local property markets. Collectively, they form one of the most comprehensive housing and infrastructure strategies Western Australia has implemented.

3. Property markets often attract attention because of short-term movements in prices, interest rates or auction results. While these indicators are important, they rarely tell the full story. The strongest long-term investment opportunities are usually identified well before they dominate newspaper headlines. History provides numerous examples. Suburbs such as Joondalup, Cockburn Central, Butler and Ellenbrook were once considered emerging markets on Perth’s fringe. 

• As transport infrastructure, schools, retail centres and employment opportunities expanded, these areas evolved into established communities with significantly higher property values than many early buyers could have imagined.
• The suburbs benefiting from current government investment may not all experience immediate price growth. Infrastructure projects require time to plan, construct and integrate into surrounding communities. 

However, as these projects reach completion, they often create lasting improvements in accessibility, employment, education and lifestyle—factors that continue to attract buyers long after the construction crews have left. For patient buyers and long-term investors, this is where real opportunity often lies.

4.Even after several years of solid price growth, Perth continues to offer advantages that are increasingly difficult to find elsewhere in Australia. Compared with many eastern capital cities, Perth still provides:

Competitive Advantage	Why It Matters
Relative affordability	Lower entry prices for buyers and investors
Strong rental demand	Supported by migration and employment growth
Ongoing population growth	Creates sustained housing demand
Major infrastructure pipeline	Improves connectivity and liveability
Diverse economy	Mining, health, education, defence, logistics and technology sectors
Government housing support	Encourages both supply and home ownership

These fundamentals create a market that is not solely dependent on one industry or one economic event. Instead, Perth’s growth is increasingly supported by a combination of public investment, private development and demographic change.

5. One of the biggest mistakes property buyers make is allowing short-term uncertainty to overshadow long-term fundamentals.

• Interest rates may rise or fall.
• Listing numbers may increase or decrease.
• Market sentiment may fluctuate from month to month.

However, infrastructure projects, transport networks, hospitals, schools and employment precincts typically influence property markets for decades.

• A railway station built today may improve accessibility for generations.
• A new hospital precinct creates employment well beyond its construction phase.
• A government-funded activity centre continues attracting businesses, residents and investment long after the initial funding announcement.

For this reason, experienced investors often focus less on what will happen over the next six months and more on where government planning indicates Perth will be in five, ten or even twenty years.

6. Whether you are purchasing your first home or expanding an investment portfolio, today’s market requires a more strategic approach than ever before. Rather than asking: “Which suburb grew the fastest last year?” Consider asking:

• Which suburbs are receiving major infrastructure investment?
• Where is population growth expected to be strongest?
• Which areas are attracting new employment opportunities?
• Where are schools, healthcare and retail facilities expanding?
• Which locations offer both lifestyle and long-term connectivity?

The answers to these questions often provide a much clearer picture of future potential than historical price growth alone.

7. For investors, Perth’s current market presents a compelling combination of conditions rarely found simultaneously:

• Improving housing supply without significant oversupply.
• Strong rental demand supported by migration.
• Continued public infrastructure investment.
• Relatively affordable purchase prices compared with eastern capitals.
• Government initiatives encouraging long-term residential development.

Of course, no investment is without risk. Property values can fluctuate, construction timelines can change, and economic conditions may evolve. However, markets supported by strong structural fundamentals have historically demonstrated greater resilience than those driven primarily by speculation.

8. As Perth expands, suburb selection is becoming increasingly important. Not every suburb receiving government funding will perform identically.

• Some areas will benefit primarily from transport investment.
• Others will be strengthened by healthcare, education or employment growth.
• Some will attract young families, while others will appeal to downsizers, professionals or investors seeking rental demand.

Understanding these local differences requires more than simply reviewing median house prices. It requires analysing planning strategies, infrastructure pipelines, demographic trends and neighbourhood characteristics together. That is where experienced local guidance becomes invaluable.

9. At Bargoti Real Estate, we believe successful property decisions begin with understanding where Perth is heading—not simply where it has been. Our approach is built around identifying the long-term drivers that create sustainable value, including:

• Government infrastructure investment
• Population and migration trends
• Employment growth
• Housing supply and planning changes
• School catchments and lifestyle improvements
• Transport connectivity
• Local market performance

Rather than encouraging clients to chase yesterday’s growth, we focus on helping them identify tomorrow’s opportunities. Whether you’re searching for your first home, upgrading to suit your family’s changing needs, building an investment portfolio or exploring development opportunities, our team combines local knowledge with market research to help you make informed, confident decisions.

Final Thoughts

Perth’s next chapter has already begun. The billions of dollars now being invested in housing, transport, infrastructure and community development are laying the foundations for a city that will be larger, more connected and more diverse than ever before.

• For buyers, this is an opportunity to secure property in suburbs that are still evolving.
• For investors, it is a chance to position a portfolio around long-term structural growth rather than short-term market cycles.
• For developers, it provides confidence that government investment will continue supporting demand across metropolitan Perth and key regional centres.

While no one can predict the future with absolute certainty, one conclusion is difficult to ignore: The suburbs benefiting from today’s infrastructure investment are likely to become the communities that define Perth’s property market over the next decade. If you’re considering buying, selling or investing in Perth, now is the time to look beyond current market conditions and focus on where the city is heading next.

At Bargoti Real Estate, we’re committed to helping our clients make smarter property decisions through research-driven advice, local expertise and a deep understanding of Perth’s evolving market. Whether you’re looking to identify high-growth suburbs, secure your first home, expand your investment portfolio or understand how the latest government initiatives could affect your property goals, our team is here to help. The next decade of Perth’s property market is already taking shape. The question is not whether change is coming—it is whether you’ll be positioned to benefit from it.

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DISCLAIMER – The information and opinion provided is for guidance and general informational purposes only. The sole intention is to provide general understanding of the subject matter so the readers can assess whether they need more detailed information. The information provided on this website should not be regarded as a financial, business, legal or real estate advice and it is strongly recommended that the readers should seek their own independent financial, business, legal or real estate advice. While every effort has been made to ensure that the information and the material is correct and up to date at the date of publication. However, we do not guarantee or warrant the accuracy or completeness of the information provided as the factors like changes in circumstances after the time of publication, may impact such accuracy or completeness. Bargoti real estate will not accept responsibility or liability for any reliance on the blog information, including but not limited to, the accuracy, currency or completeness of any information or links.