Looking for the richest suburb in Perth? Also known as the ‘City of Light’, the urban oasis of Perth is hidden deep within the lush nature of Western Australia.
Surrounded by scenic, beautiful beaches and rich flora and fauna, this is teamed together with a growing local arts scene and a thriving café culture. Perth has increasingly become a perfect destination for people to settle down and live an enviable lifestyle.
Soft sandy beaches and serene environment aside, countless Perth suburbs have slowly transformed into expensive suburbs that presently house some of the most luxurious and exclusive properties.
While Western Australia isn’t the richest state in Australia, Perth is breaking into the luxury market one baby step at a time and we are here for it.
Perth house prices have shot up in the past 12 months, hitting a record median house price of $555,000. Winthrop real estate had the highest growth on record, increasing by 25.3% to a median house price of $1.25 million.
Now… with property prices on the hike and more prestigious western suburbs making their name in the market, let’s delve into the list of Perth’s richest suburbs and what makes them so sought after. Perhaps you might find your next home.
Comparative Analysis of Perth’s Richest Suburbs
| Suburb | Lifestyle Score (Out of 10) | Accessibility Score (Out of 10) | Investment Potential Score (Out of 10) |
|---|---|---|---|
| South Perth | 9 | 9 | 8 |
| Claremont | 8 | 8 | 7 |
| Applecross | 8 | 7 | 8 |
| Dalkeith | 9 | 7 | 9 |
| Nedlands | 8 | 9 | 7 |
| Mosman Park | 9 | 8 | 8 |
| Swanbourne | 8 | 7 | 7 |
| City Beach | 10 | 8 | 9 |
| Cottesloe | 10 | 9 | 8 |
| Peppermint Grove | 10 | 8 | 10 |
Lifestyle Score considers the quality of local amenities such as parks, beaches, restaurants, and schools.
Accessibility Score evaluates how easily residents can access public transportation, major highways, and proximity to Perth CBD.
Investment Potential Score is based on recent property price trends, demand growth, and potential for future appreciation.
South Perth
- Median house price: $1,767,500
- Median unit price: $500,000
- Median rent price for houses: $750/week
- Median rent price for units: $492/week
South Perth is located at the south of the Swan river which provides beautiful waterfront scenery from numerous vantage points in the area.
The South Perth Foreshore is well-loved and visited by both locals and tourists alike due to its riverside positioning which offers magnificent views of the Perth CBD skyline during sunrise and sunset.
This affluent suburb is filled with many restaurants and commercial areas and also houses one of Perth’s most notable attractions, the Perth Zoo. One of Perth’s most prestigious private schools, Wesley College is also located in the heart of South Perth.
Discover more properties for sale in South Perth.
Claremont
- Median house price: $1,690,000
- Median unit price: $635,000
- Median rent price for houses: $950/week
- Median rent price for units: $550/week
The beautiful leafy suburb of Claremont is part of Perth’s exclusive ‘Western Suburbs’ area (a.k.a. the Golden Triangle). A peaceful and quiet suburb with enough commercial areas and parklands for their residents, Claremont is a suburban daydream for all homeowners.
Claremont Showgrounds, which hosts the most anticipated event of the year, the Perth Royal Show, is located in the vicinity. The Claremont Quarters Shopping Centre also provides homeowners with a convenient one-stop destination for luxury shopping and daily necessities.
With the Claremont train station within reach, residents of Claremont get easy access to the Perth CBD and many surrounding areas.
This is also where you’ll find one of the most expensive schools in Perth, like Christ Church Grammar School and John XXIII College.
Find more properties for sale in Claremont.
Applecross
- Median house price: $1,950,000
- Median unit price: $675,000
- Median rent price for houses: $825/week
- Median rent price for units: $550/week
Applecross is an affluent, riverside suburb that has numerous parks and reserves. It prides itself as a suburb that is able to retain its charm but is also close to urban environments.
Homeowners love Applecross due to its tranquil and serene nature, making it the perfect location to settle down with your loved ones.
Applecross is a predominantly residential area but it is located near the Canning Highway commercial area which gives homeowners easy access to shops and restaurants.
Explore more properties for sale in Applecross.
Dalkeith
- Median house price: $3,200,000
- Median rent price: $1,250/week
One of the suburbs that make up Perth’s exclusive Golden Triangle area, Dalkeith houses one of Perth’s most extravagant and stunning mansions.
Facing the Swan River, this riverside suburb is easily distinguishable by their impressive residential architecture and waterfront views.
Dalkeith is primarily a residential area that is close to nature. With many parks and nature reserves like College Park and David Cruikshank Reserve, Dalkeith has become the top suburb for homeowners to rest and unwind.
There are numerous local recreational facilities for the residents of Dalkeith like the Dalkeith Tennis Club and the Dalkeith Nedlands Bowling Club, giving homeowners a range of activities to participate in in their spare time.
Uncover more properties for sale in Dalkeith.
Nedlands
- Median house price: $2,000,000
- Median unit price: $675,000
- Median rent price for houses: $900/week
- Median rent price for units: $500/week
Nedlands is a popular suburb that is falling onto everyone’s radar due to its prime location and facilities in the vicinity.
Nedlands is home to some of the finest medical facilities in the state such as the Sir Charles Gairdner Hospital, the Perth Children’s Hospital and the QEII Medical Centre.
It is also a stone’s throw away from the most prestigious university in the state, the University of Western Australia. Nedlands is certainly a hub for both education and wellness, making it one of the top suburbs to stay in Perth.
Nedlands house prices have decreased around 4.9% in the past 12 months.
Find more properties for sale in Nedlands.
Mosman Park
- Median house price: $1,865,000
- Median unit price: $342,000
- Median rent price for houses: $950/week
- Median rent price for units: $360/week
Mosman Park is a suburb of Perth, Western Australia, located on the Swan River. It is one of the most affluent suburbs in Perth, with a median house price of $1.86 million.
Mosman Park is a highly desirable place to live due to its excellent location, its beautiful beaches, and its high quality of life. The suburb is close to the city center, but it also has a relaxed and coastal atmosphere. Mosman Park is home to a number of excellent schools, parks, and restaurants.
View more properties for sale in Mosman Park.
Swanbourne
- Median house price: $2,346,000
- Median unit price: $835,000
- Median rent price for houses: $1050/week
- Median rent price for units: $650/week
Located 10 kilometres away from Perth’s city centre, Swanbourne is bound by Stirling Highway and the Fremantle railway line.
There are many educational institutes in the suburb like Swanbourne Primary School, Swanbourne Senior High School and Scotch College making Swanbourne an ideal location for families and their school-going children.
The architecture of the homes in Swanbourne is one of the most coveted features of the suburb. Renovated Federation-style homes with red-brick exteriors and bay windows are the common type of housing you see in the suburb. They certainly add value to the lovely street views of Swanbourne.
One of the key locations in Swanbourne would also be the Swanbourne Beach which has soft, pristine white sand and wonderful views to last a lifetime.
Uncover more properties for sale in Swanbourne.
City Beach
- Median house price: $2,500,000
- Median unit price: $620,000
- Median rent price for houses: $1,100/week
City Beach is an excellent coastal suburb to call home.
It houses two of Perth’s most iconic beaches – City Beach and Floreat Beach. This location is definitely a beach lover’s paradise, with many water activities to do on the weekends and tons of restaurants and bars to fill you up when you are hungry.
City Beach is undoubtedly one of the most affluent suburbs in Perth, with residents living very enviable lifestyles. The City Beach Foreshore offers an inclusive mixture of entertainment and the serene appeal of the ocean.
There are plenty of schools located in the suburb namely John XXIII College, Holy Spirit Primary School and The Japanese School in Perth, making it a great place for families to build a home in.
Discover more properties for sale in City Beach.
Cottesloe
- Median house price: $2,962,500
- Median unit price: $735,000
- Median rent price for houses: $1,200/week
- Median rent price for units: $590/week
Cottesloe is the suburb to be for homeowners who want the best of both worlds. You get the relaxed and calm beach lifestyle in your literal backyards but also the hustle and bustle of the city with the CBD and Fremantle being a short drive away.
Cottesloe Beach is the key feature of the suburb. It stretches 1.5 kilometres with cerulean blue oceans and the most spacious beach you have ever seen. This makes Cottesloe such a desirable location to live.
With the Cottesloe train station in the area teamed with many bus services available, the easy accessibility makes it an ideal location for younger homeowners and those who are in their twilight years.
The Cottesloe median house price made it the richest suburb in Perth until Peppermint Grove grabbed the spot in 2023.
Explore more properties for sale in Cottesloe.
Peppermint Grove
- Median house price: $5,850,000
- Median rent price: $750/week
Peppermint Grove is undeniably one of Western Australia’s finest and most exquisite suburbs. It is characterised by large character homes lined with lush greenery. With a median house price of $5.8 million, Peppermint Grove is the richest suburb in Perth.
The suburb surrounds the Swan River and has numerous foreshore parks and reserves for residents to take a scenic walk or exercise in. Serviced by a major shopping complex, homeowners are provided with extensive retail and trade services.
Peppermint Grove was once dubbed the “Monaco of WA” due to its small size and concentration of wealth. The suburb has long been associated with the state’s wealthiest and oldest families. Their prosperity is reflected in some of the historical houses in the area.
This expensive suburb is sought after by many homeowners due to its easy access to some of Perth’s most prestigious private schools like Presbyterian Ladies’ College and its wide array of recreational facilities like the Royal Fresh Water Yacht Club and the Peppermint Grove Tennis Club.
See more properties for sale in Peppermint Grove.
The ultimate winner of the richest suburb in Perth award?
The richest suburb in Perth is crowned to Peppermint Grove!
It is without a doubt that homeowners are in love with the idea of waterfront homes.
The suburb has long been associated with Western Australia’s wealthiest and oldest families. Their prosperity is reflected in the many historical houses in the area, such as The Cliffe and the Federation Queen Anne style St Just.
Peppermint Grove is home to a number of schools, including the prestigious Scotch College and Methodist Ladies’ College. The suburb is also home to a number of parks and gardens, including the Peppermint Grove Reserve and the Freshwater Bay Recreation Ground.
More on the richest suburb in Perth
What are the wealthiest streets in Perth?
The wealthiest streets in Perth are:
- Kiln Lane, Cottesloe
- Nailsworth Street, Cottesloe
- Geraldine Street, Cottesloe
- Wattle Avenue, Dalkeith
- Ozone Parade, Cottesloe
- Stanhope Street, Cottesloe
- View Street, Peppermint Grove
- Hamersley Street, Cottesloe
- Waratah Place, Dalkeith
What is the richest area in WA?
The richest area in WA is the Western Australian Golden Triangle, which includes the suburbs of Peppermint Grove, Dalkeith, Cottesloe, and Mosman Park.
What is the richest suburb in Australia?
The richest suburb in Australia is Vaucluse, a suburb in Sydney, New South Wales. The median house price in Vaucluse is $10.8 million.
Where is Perth’s most expensive house?
Perth’s most expensive house is located in Dalkeith, a suburb on the Swan River. The house is known as “The Residence” and it sold for $70 million in 2021.
Liked reading about expensive suburbs in Perth?
Keep yourself updated with exciting news like these by downloading our app for the full Soho experience. Whether you’re looking for properties for sale in Perth or homes for rent in Sydney, we got you.
