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South Perth suburb profile

South Perth sits on the southern bank of the Swan River opposite Perth's CBD and is best known for its foreshore parklands and skyline views, which draw walkers, cyclists and weekend picnickers. The Mends Street strip provides a compact village feel with cafes, restaurants and boutiques, while nearby attractions such as Perth Zoo and riverside promenades give families regular leisure options. Housing mixes riverside apartment towers with established single-fronted homes on tree-lined streets, appealing to professionals, families and downsizers who want city access with a relaxed, waterside lifestyle. Public transport includes regular buses and a frequent cross-river ferry, with straightforward road links to the city.

South Perth property market performance

Current median dwelling price$1,348,000Past 3 months

Property growth+19.6%Past 12 months

House values have risen sharply, up 21.9% over the last 12 months to a median house price of $1.91 million. Unit values have also risen sharply, up 17.3% to a median unit price of $785,000. House values rose more strongly than unit values over the year.

Over the last 3 months, 21 houses and 52 units sold. Over the last 12 months houses sold more quickly, with a median of 15 days on market compared with 21 days for units.

The rental market in South Perth saw house rents average $838 a week, up a modest 4.8% over the last 12 months. Unit rents averaged $725 a week, up sharply 11.5% over the last 12 months, so unit rents grew faster than house rents.

HousesUnits
Median price
Past 3 months
$1.91M$785K
Change in value
Past 12 months
21.9%17.3%
Sold
Past 3 months
2152
Median days on market
Past 12 months
1521
Average rent
Past 12 months
$838$725
Change in rent
Past 12 months
4.8%11.5%

5 year median price trend for houses and units

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South Perth demographics

South Perth is a community of 12,596 people with a median age of 42 and a median household income of $2,026 a week, roughly $105,352 a year.

Households lean heavily towards couples: couple families without children are the largest family type at 52.0%, while couple families with children make up 34.9%. One-parent families account for 10.5% and other families 2.6%, so the two couple-family types together represent just under 87% of reported families.

Homes in South Perth are predominantly owner-occupied, with 34.0% owned outright and 22.4% owned with a mortgage for a combined 56.4%, while 43.5% of dwellings are rented.

Suburbs near South Perth

Some popular suburbs near South Perth include:

How does South Perth compare to nearby suburbs?

  • Median house prices: South Perth’s median house price is 40.0% higher than Como’s.
  • Median unit prices: South Perth’s median unit price is 15.4% higher than East Perth’s.
  • House price growth: Over the past 12 months, house prices in South Perth have grown 10.3% higher than in Como.
  • Unit price growth: Property prices in nearby Como have risen 1.7% more than in South Perth over the past year.
  • Selling speed for houses: Properties in nearby Como are selling 26.7% faster than in South Perth.
  • Selling speed for units: Properties in nearby Como are selling 52.4% faster than in South Perth.
  • Investment considerations: In South Perth, the rental yield for house is 8.8% higher than the Perth average, while the rental yield for units is 8.9% higher.
  • House price growth: Over the past 12 months, house prices in South Perth have grown 79.6% higher than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in South Perth have grown 23.6% higher than the average rate of growth for units across Perth.

Choose the right real estate agents in South Perth

There are 146 real estate agents in South Perth, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 23.5% of all sales in the past year.

Commission rates in South Perth typically range from 2.15% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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