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CAPITAL PROPERTY ADVISORY | NATIONAL BUYER'S AGENCY
Western Australia Market Update: A Transition, Not a Downturn
Western Australia continues to outperform the national market in almost every meaningful measure — but the conditions on the ground have shifted considerably since the start of the year, and advisers need to be across both the headline numbers and the nuance beneath them. The Cotality Home Value Index for June 2026 confirmed what many of us have been observing in practice — Perth recorded 0.7 per cent growth for the month, making it one of only a handful of capitals to post a positive result as the national index fell 0.4 per cent. Annual growth in Perth sits at 23.9 per cent, and values have risen approximately 91.4 per cent since May 2021.
Matthew Hughes, Managing Director of Capital Property Advisory and PIPA Board Director, writes in the PIPA Adviser national magazine on the state of the Western Australian property market — the normalisation underway, what the data really says, and why the fundamentals remain sound.