Perth Home Buyers Find More Spring Choice, Including Family Homes Under $1 Million

A fresh spring-market update has delivered encouraging news for Perth buyers: freestanding family homes priced below $1 million can still be found within 20 kilometres of the Perth CBD, while softer market conditions are giving prepared purchasers more opportunity to compare their options.

A national property-market update published on 25 September 2026 highlighted that buyers searching below $1 million are finding value across major Australian cities. For Western Australia, it specifically identified Spearwood, less than 20 kilometres from Perth CBD, where freestanding family homes are still available below the $1 million mark.

The timing is useful for Perth buyers. Recent Real Estate Institute of Western Australia data has shown the Perth market moving towards more balanced conditions after several years of intense competition. REIWA says buyers now have more choice, more time and more negotiating power than they have had in a number of years.

That doesn’t mean every property is affordable or that prices will necessarily fall. Conditions can vary considerably between suburbs, property types and price brackets.

What it does mean is that buyers who are financially prepared may have more opportunity to consider whether a property genuinely suits their budget rather than feeling pressured to act immediately.

Before starting inspections, it can therefore be useful to establish a realistic borrowing position. This means considering not only the purchase price but also repayments, deposit requirements, stamp duty and other purchasing costs.

Comparing lenders can also matter because interest rates, fees, borrowing assessments, offset facilities and other loan features vary.

For first-home buyers, upgraders and families looking around Perth this spring, the combination of greater buyer choice and examples of freestanding homes below $1 million relatively close to the CBD is an encouraging development.

Naga Mortgage Brokers can help Perth buyers understand their borrowing capacity and compare suitable home-loan options before making their next property move.

General information only. Property availability and prices change. Lending criteria, eligibility, fees and charges apply.