Is Piara Waters a nice place to live?

Piara Waters is a modern residential suburb with recent housing estates, parks and wetlands linked by walking and cycling paths, and it has a local shopping centre and a public library. Many households are buying their homes, there is a large share of couples with children and the median age is 31. Everyday amenities include parks, playgrounds, sports fields, walking and cycling paths and bus links with nearby arterial roads, and Piara Waters Senior High School has a Stage 2 planned to more than double the school's capacity.

Is it expensive to live in Piara Waters?

Buying a house in Piara Waters works out to about 8.0 times a typical local annual household income. A typical local household earned about $2,477 a week at the most recent Census, which is $128,804 a year, so a $1,030,000 median house price is roughly 8.0 times that annual income. Renting a house at about $820 a week would use roughly 33% of that weekly household income, a sizeable share. On these figures, buying sits more stretched against local incomes than renting; whether that feels expensive will depend on your own circumstances. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Piara Waters a good place to invest?

A strong rise in house values is the headline for Piara Waters: house values climbed 22.8% over the past 12 months, while house rents rose a solid 9.3%. For houses, that means capital growth outpaced rental income, with value gains larger than rent gains. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Get a property report and suburb profile for any property in Piara Waters

Please enter your address and select an option from the list.

Join the 2.6 million Australians* who use our services every year.

Piara Waters suburb profile

Piara Waters is a modern residential suburb in Perth's south-eastern metropolitan area, built around a network of curving streets and recent housing estates. The neighbourhood is marked by detached homes on modest lots, tree-lined verges and a mix of single-storey and double-storey houses that reflect contemporary suburban planning.

Parks, playgrounds and walking and cycling paths wind through wetlands and landscaped retention basins, providing green open space for recreation. A local shopping centre and sports fields serve daily needs, while bus links and nearby arterial roads connect the suburb with the wider metropolitan area.

Piara Waters property market performance

Property growth+7.3%Past 12 months

Piara Waters houses have a median price of $1.03 million, up 22.8% over the last 12 months, a sharp rise. It’s primarily a house market; there is no reliable unit median because too few units have sold recently to publish one. That house growth comes with active turnover, with 30 houses sold over the last 3 months.

In Piara Waters, house rents averaged $820 a week and rose 9.3% over the last 12 months, a solid rise, while house values increased more strongly over the same period.

	Houses	Units
Median price Past 3 months	$1.03M	N/A
Change in value Past 12 months	22.8%	N/A
Sold Past 3 months	30	N/A
Median days on market Past 12 months	13	N/A
Average rent Past 12 months	$820	N/A
Change in rent Past 12 months	9.3%	N/A

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

Piara Waters demographics

Piara Waters is a community with many households buying their homes, a large share of couples with children and incomes above the median for Western Australia.

The median age is 31 and the median household income is $2,477 a week. At the 2021 Census 15,029 people lived in Piara Waters.

Piara Waters and Western Australia

	Suburb	WA
Median age years	31	38
Median household income weekly	$2,477	$1,815
Couples with children share of families	66.6%	44.6%
Couples without children share of families	23.2%	38.8%
One-parent families share of families	9.0%	15.1%
Homes owned outright share of homes	8.2%	30.2%
Homes with a mortgage share of homes	75.7%	41.4%
Homes rented share of homes	16.1%	28.3%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Piara Waters infrastructure, key developments and investment opportunities

Piara Waters' Piara Waters Senior High School received $73.2 million in state funding for Stage 2 in 2024, with Stage 2 planned to more than double the school's capacity to 1,650 students. The suburb also gained a new public library when the Piara Waters Library was completed and opened in 2025, providing 1,000 m² of floor space.

The West Piara Urban Precinct South structure plan (Lot 9009) identified in 2024 a future 3.5-hectare primary school site and a co-located neighbourhood park for the emerging Piara Waters area. Rossiter Pavilion and Playing Field in Piara Waters was completed in 2018 and includes a large pavilion and four changerooms.

Suburbs near Piara Waters

Some popular suburbs near Piara Waters include:

How does Piara Waters compare to nearby suburbs?

Median house prices: Piara Waters’s median house price is 1.0% higher than Harrisdale’s.
House price growth: Over the past 12 months, house prices in Piara Waters have grown 6.0% higher than in Harrisdale.
Selling speed for houses: Properties in Piara Waters are selling 31.6% faster than in Southern River.
House price growth: Over the past 12 months, house prices in Piara Waters have grown 14.0% lower than the average rate of growth across Perth.
Unit price growth:Over the past 12 months, unit prices in Piara Waters have grown 2.8% lower than the average rate of growth for units across Perth.

Common questions about Piara Waters

Is Piara Waters a nice place to live?
Piara Waters is a modern residential suburb with recent housing estates, parks and wetlands linked by walking and cycling paths, and it has a local shopping centre and a public library.

Many households are buying their homes, there is a large share of couples with children and the median age is 31. Everyday amenities include parks, playgrounds, sports fields, walking and cycling paths and bus links with nearby arterial roads, and Piara Waters Senior High School has a Stage 2 planned to more than double the school's capacity.
Is it expensive to live in Piara Waters?
Buying a house in Piara Waters works out to about 8.0 times a typical local annual household income. A typical local household earned about $2,477 a week at the most recent Census, which is $128,804 a year, so a $1,030,000 median house price is roughly 8.0 times that annual income. Renting a house at about $820 a week would use roughly 33% of that weekly household income, a sizeable share. On these figures, buying sits more stretched against local incomes than renting; whether that feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Piara Waters a good place to invest?
A strong rise in house values is the headline for Piara Waters: house values climbed 22.8% over the past 12 months, while house rents rose a solid 9.3%. For houses, that means capital growth outpaced rental income, with value gains larger than rent gains.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Piara Waters

Currently, there are 99 real estate agents working in Piara Waters—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 99 agents sold 35.0% of all properties in Piara Waters over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Piara Waters typically charge a commission of 2.15% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.