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Affordability woes laid bare as Perth property market hits million-dollar milestone

Perth house prices doubled since 2019 with a 9.9% rise last quarter; WA households spend nearly 40% of income on mortgages amid low home listings.

Perth’s median house price has more than doubled since 2019 to cross the million-dollar threshold. Home owners may be happy, but the milestone raises serious affordability concerns.

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The West Australian broke the news in Australia on Sunday, January 18, 2026.
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