What $1 Million Buys You in South Perth vs Other Perth Suburbs
10th November, 2025
Are you eyeing a move in South Perth? Knowing what $1 million buys right now can make all the difference. Here’s a quick, clear guide for buyers and sellers in 2025.
South Perth – Premium Location, Premium Price
In South Perth, you’re paying for lifestyle: river views, café strips, easy CBD access. While precise current median house price data varies, the wider Perth market shows strong momentum with median house values around $880,000 + and growth continuing. Private House Sales Perth+2OpenAgent+2
With $1 million in South Perth you’ll typically find a solid 3-4 bedroom home or townhouse close to prime amenities — not necessarily the biggest block, but one that ticks boxes for lifestyle and location.
Suburbs Where Your Million Goes Further
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Victoria Park: Median house price recently noted at about $1.05 million for houses. OpenAgent+1 With $1 million you might grab a larger or more modern home compared with South Perth, albeit closer to the city fringe.
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Byford / Maylands and other growth-corridor suburbs: These offer significantly more space — bigger houses, larger blocks — for a similar budget, making them strong alternatives for value-focused buyers.
What This Means for Sellers & Buyers
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Sellers in South Perth: You’re positioned well. The premium you get for location means you should emphasise your property’s lifestyle appeal, presentation and proximity to key features.
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Buyers with $1 m budgets: Decide what matters most — location or space. If you prioritise riverside prestige and lifestyle, South Perth delivers. If you want bang-for-buck in size or newer build, suburbs a little further out might be smarter.
Why This Matters Now
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The Perth market in 2025 is moving quickly: limited listings, rising values and strong buyer demand. OpenAgent
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For a real estate agency in South Perth, positioning yourself with this data helps capture interest from buyers and sellers who are actively comparing budgets, suburbs and value.
Final Word
$1 million in 2025 is a meaningful budget — but where you spend it will shape what you get. South Perth offers top-tier lifestyle, while other suburbs offer more house for the money.
If you’re looking to buy, sell or get a quick appraisal, our team at SHERLOCK Homes Group can walk you through exactly what’s realistic in your target suburb, right now.
| Suburb | Median House Price (2025) | What $1 Million Buys You
|
|---|---|---|
| South Perth | ≈ $976 k | 3–4 bed home or townhouse near river |
| Como | ≈ $837 k | Larger block, family home |
| Victoria Park | ≈ $850–880 k | Renovated character home |
| Byford / Maylands | ≈ $620–650 k | New or spacious family home |
Get in touch for a free market review and let’s make your next move smart.