Perth Market Update - Is a $1M Median House Price on Track for 2026? Shane Beaumont

Is Perth’s median house price genuinely on track to hit $1,000,000 by December 2026? And what happens after Perth’s median house price hits $1 million?

In this episode of the Follio Property Podcast, Reece Beddall sits down with Shane Beaumont from Haven Property Group to break down the exact forces driving Perth’s unprecedented price surge in 2026. From shrinking home open crowds to Eastern States investors locking in $300,000 $400,000 gains, this episode maps out where the Perth Housing Market is heading and how fast. Shane states that the Perth property market has shifted. The panic buying of 2024 is gone, replaced by a calculated Seller’s Market where inventory is rising but demand still dominates. Shane reveals why that distinction matters enormously for anyone buying, selling, or holding property in Perth this year and why the $2M+ bracket is already flashing Warning Signs while entry-level suburbs keep climbing. For the first time, Perth’s prestige suburbs Dalkeith, Mosman Park, Cottesloe are being called the cheapest luxury real estate markets in the world. Meanwhile, undervalued pockets like Gosnells, Rockingham, and Cannington are quietly delivering the strongest returns for investors who know where to look.

Whether you are a first home buyer trying to figure out if you’ve missed the window, or a seasoned investor recalibrating your Perth strategy for 2026, this episode gives you the complete picture, not the headline.

In This Episode You’ll Learn:

• Why Perth’s median house price is mathematically on track to cross $1,000,000 by end of 2026
• The 10% Annual Growth Rate forecast and the three forces making it sustainable
• How the market shifted from 60+ buyers per home open to 20 and why that’s still a Seller’s Market
• The hidden undervalued suburbs still flying under the radar in 2026
• Why Dalkeith, Mosman Park and Cottesloe may be the cheapest prestige markets on the planet right now
• What Eastern States investors are seeing in Perth that local buyers are missing
• Why the $2M+ market is already plateauing and what that signals for the broader Perth Housing Market

Published: 09 Apr 2026