STRATTON and Viveash have been named top suburbs by the Real Estate Institute of WA (REIWA) for house selling speed and median house price growth respectively.

Perth’s property market saw significant growth again in 2025-26, with annual median sale prices for houses and units at record highs at the end of the financial year, according to REIWA.

Viveash recorded the most price growth for houses, with its median house sale price increasing 45.5 per cent to $855,000 over the financial year.

Bellevue and Middle Swan didn’t trail too far behind with their median house sale price increasing 36.5 and 31.2 per cent to $771,000 and $800,000 over the financial year.

Stratton was the fastest selling suburb for houses, with properties selling in a median of six days.

Bassendean and Lockridge also made the top 10, selling houses in a median of seven days.

REIWA president Suzanne Brown said the established homes market was characterised by lower-than-average new listings and ongoing strong demand for most of the financial year, which saw both house and unit markets record very strong price growth.

“The median house sale price increased 16.3 per cent over the financial year to $930,000, while the median unit sale price recorded 21.8 per cent growth to reach a high of $670,000,” she said.

“This was due to low listing levels in the first three quarters of the financial year and ongoing strong demand.

“However, we saw a shift in the market in the June 2026 quarter. The number of new listings coming to market increased, exceeding the five-year average for new listings.

“Demand also eased as a result of three consecutive interest rate increases, the rising cost of living, ongoing uncertainty surrounding the conflict in the Middle East, and the federal government’s changes to taxation policy.

“This has eased the upward pressure on property prices, and we expect to see the rate of price growth slow significantly over 2026-27.”

According to REIWA, after dropping to record lows in late 2025 and early 2026, the time to sell a property increased in the June 2026 quarter, reflecting the increase in new listings and softening of demand.

“We saw the time to sell a property drop to just over a week for a number of months in 2025-26,” Ms Brown said.

“By the end of the financial year, the median days on market was 18 days for both houses and units.”