Guide
Best suburbs to invest in Perth: 5 affordable picks for 2026
Five suburbs in Perth where a typical house costs less than the city median of $1,017,734, picked on price growth, rent growth and rental yield. A shortlist to research, not a list to buy from.
By Mossy Taheri, licensed buyer’s agent · Updated
The short answer
Five affordable suburbs to research in Perth: Koondoola, Balga, Medina, Stratton, Armadale. Each has a typical house price under $1,017,734. Armadale has had the strongest growth, about 21.6% a year over five years, and Koondoola has the highest gross yield, about 4.4%.
The five suburbs at a glance
Houses, all bedroom sizes, to 31 October 2026. Growth figures are average yearly changes.
| Suburb | Typical house price | Weekly rent | Gross yield | Price growth (5 yrs, a year) | Rent growth (3 yrs, a year) |
|---|---|---|---|---|---|
| Koondoola Wanneroo, northern Perth | $831,272 | $702 | 4.4% | 18.5% | 13.8% |
| Balga Stirling, northern Perth | $849,667 | $676 | 4.1% | 19.6% | 15.0% |
| Medina Kwinana, southern Perth | $708,749 | $578 | 4.2% | 21.3% | 10.8% |
| Stratton Swan, eastern Perth | $798,746 | $658 | 4.3% | 18.1% | 12.6% |
| Armadale Armadale, south-eastern Perth | $775,380 | $596 | 4.0% | 21.6% | 11.7% |
Each suburb in brief
1. Koondoola, Wanneroo, northern Perth
About 14 km north of the city, with the highest yield on this list. Mostly 1970s and 1980s homes on good-sized blocks.
Typical house price $831,272, rent about $702 a week (a gross yield of 4.4%). Prices grew about 18.5% a year over five years and 8.6% a year over ten; rents grew about 13.8% a year over three years.
2. Balga, Stirling, northern Perth
An older suburb about 12 km north of the city, where former public housing is being redeveloped. Rents have grown about 15% a year over three years.
Typical house price $849,667, rent about $676 a week (a gross yield of 4.1%). Prices grew about 19.6% a year over five years and 9.3% a year over ten; rents grew about 15.0% a year over three years.
3. Medina, Kwinana, southern Perth
The lowest-priced pick in Perth, near the Kwinana industrial area and its jobs. Growth has been very strong, so check how much is left in the cycle.
Typical house price $708,749, rent about $578 a week (a gross yield of 4.2%). Prices grew about 21.3% a year over five years and 11.1% a year over ten; rents grew about 10.8% a year over three years.
4. Stratton, Swan, eastern Perth
A family suburb near Midland's shops, hospital and train station, with a solid yield for Perth.
Typical house price $798,746, rent about $658 a week (a gross yield of 4.3%). Prices grew about 18.1% a year over five years and 9.0% a year over ten; rents grew about 12.6% a year over three years.
5. Armadale, Armadale, south-eastern Perth
A regional centre at the end of the Armadale line, with the strongest 5-year growth on this list. Prices vary a lot street by street.
Typical house price $775,380, rent about $596 a week (a gross yield of 4.0%). Prices grew about 21.6% a year over five years and 9.7% a year over ten; rents grew about 11.7% a year over three years.
How we chose them
- Affordable: a typical house price below the median house value for Perth, $1,017,734 (Cotality, median house values, September 2026).
- Reliable: only suburbs with enough sales and rentals to give dependable figures.
- Ranked on four measures: price growth over five years, rent growth over three years, gross rental yield and, at half weight, price growth over ten years. 15 suburbs passed the first filters.
- Left out: island suburbs, very small or outlying towns with few buyers, suburbs with well-known flood exposure, and any third suburb from the same town (such as a third Elizabeth suburb in Adelaide), so the list isn't five versions of one place.
This is a shortlist for research, not a recommendation to buy in any of these suburbs. Past growth doesn’t predict future growth, and figures for a whole suburb hide big differences between streets and properties. General information only, not personal financial advice.
Before you buy in any of them
- Check the council's flood, bushfire and planning overlays for the street, not just the suburb.
- Look at the vacancy rate and how many rentals are listed, so you know tenants are there.
- Find out what's being built nearby: new estates and apartment blocks add supply and can slow growth.
- Get a building and pest inspection; many affordable suburbs have older homes.
- Run the numbers on the property itself, including interest, rates, insurance and management.
Our rental yield calculator and cash flow calculator help with the last step. For buying costs, see stamp duty.
- Perth market guide 2026
- Buyers agent Perth
- Best suburbs to invest in regional WA
- Best suburbs to invest in Australia: every list
- All locations
Cite this page: Rising Returns, “Best Suburbs to Invest in Perth 2026: 5 Affordable Picks”, data to 31 October 2026, https://risingreturns.com.au/best-suburbs-to-invest-perth/
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Book a free discovery callInvesting in Perth: common questions
What are the best affordable suburbs to invest in Perth?
On our analysis of suburb data to 31 October 2026, our five picks are Koondoola, Balga, Medina, Stratton and Armadale. Each has a typical house price below $1,017,734, enough sales to give reliable figures, and a strong mix of price growth, rent growth and rental yield. They are a starting point for research, not a recommendation to buy in any of them.
What does affordable mean on this list?
A typical house price below Cotality's median house value for Perth ($1,017,734). It is relative: an affordable suburb in Sydney still costs more than most regional towns.
Does past growth mean these suburbs will keep growing?
No. Growth figures show what has happened, not what will. Strong recent growth can mean a suburb has already had its run. Look at supply, jobs, infrastructure and vacancy rates as well, and check the individual property and street.
Why does the list only cover houses?
Houses usually hold more land value, which tends to drive long-term growth, and house data is more consistent between suburbs. Units and townhouses can suit some budgets and goals, but they need a separate comparison.
General information only. It doesn’t consider your personal circumstances and isn’t financial, tax, credit or legal advice. Speak to a licensed professional before you act.