Piara Waters Property Market Update: June 2026
Piara Waters continues to be one of Perth’s most exciting and high-performing suburbs, with the property market delivering outstanding results for homeowners and investors alike.
With a median house value of $1.15m as of May 2026, representing remarkable annual growth of 31.9%, the suburb has firmly established itself as a premium destination in Perth’s south-east corridor. Properties are moving quickly, with homes spending a median of just 11 days on market, a clear sign of strong buyer demand and limited supply.
Piara Waters Property Market Insights – June 2026*
$1.15m
Median Price (Houses – May 2026)
11
Avg. Days on Market (Houses – Last 12 Mths)
269
Properties Sold (Houses – Last 12 Mths)
$902k
Median Price (Units – May 2026)
–
Avg. Days on Market (Units – Last 12 Mths)
2
Properties Sold (Units – Last 12 Mths)
House Market
The Piara Waters house market is in exceptional form, with median values climbing steadily from $874,861 in June 2025 to $1,150,036 by May 2026. This consistent upward trajectory reflects the suburb’s enduring appeal among families seeking quality homes in a well-connected, amenity-rich community.
With 269 houses sold in the past 12 months, a median asking rent of $793 per week, and a solid rental yield of 4.2%, Piara Waters presents a compelling case for both owner-occupiers and investors looking to secure long-term value.
Unit & Townhouse Market
While the unit and townhouse market in Piara Waters remains relatively boutique, it is showing strong momentum. Median unit values have grown impressively, rising from $695,509 in June 2025 to $902,741 by May 2026, representing annual growth of 32.8%.
With a rental yield of 5.1%, units and townhouses in the suburb offer an attractive entry point for investors seeking strong returns in a high-demand location. As the suburb continues to mature, this segment of the market presents a genuine opportunity worth watching closely.
What Your Neighbours Are Saying
Frequently Asked Questions
The median house value in Piara Waters is $1.15m as of May 2026, reflecting the suburb’s strong and growing appeal among Perth homebuyers.
House values have grown by 31.9% over the past 12 months, rising from $874,861 in June 2025 to $1,150,036 by May 2026. Unit values have grown by an equally impressive 32.8% over the same period.
Homes in Piara Waters are selling in a median of just 11 days, reflecting strong buyer demand and a competitive market where well-presented properties attract serious interest quickly.
269 houses and 2 units have sold in the past 12 months, with total house sales value reaching $259.88m, underscoring the suburb’s robust and active market.
The average tenure for homeowners in Piara Waters is 8.2 years, a strong indicator of resident satisfaction and the suburb’s long-term liveability.
Ready To Make Your
Next Move?
As Piara Waters’ local real estate specialists, the Attree Real Estate team has the market knowledge and proven expertise to help you achieve the best possible result. Request your free property appraisal today and take the first step towards your next chapter.
