Perth house prices fall $92,000 since April peak, Cotality shows

Perth house prices have fallen $92,000 since their April 2026 peak, according to Cotality data reported by The West Australian on 2 November 2026. The masthead’s property writer, Kim Macdonald, put the figure to Cotality’s tracking of the local market, The masthead’s standfirst dates the peak to six months ago and says this month’s cash rate rise will add to the pressure.

Why it matters

A near six-figure retreat from the peak is a clear sign that Perth’s run of price growth has stalled. For agents and developers pricing stock, the Cotality figures reported by The West Australian point to a cooler market taking hold, with a further cash rate rise this month expected to add to the pressure. The pullback also lines up with Cotality’s broader national read: as reported this week, the firm has national home values down 6.7% from their peak and tracking toward the worst downturn in 40 years, with that report noting virtually every Perth suburb recorded a value fall over the past three months.

The numbers

The West Australian’s report, citing Cotality data, puts the Perth fall at $92,000 from the April 2026 peak. The outlet’s coverage sits behind a subscriber paywall beyond the headline and byline, so the underlying percentage decline, the current median value and any suburb-level detail published in the full report cannot be verified here and are not repeated. Cotality, formerly CoreLogic, is also the source of the national downturn figures cited above. The bank outlook has darkened too. The Nightly reported this week that the Commonwealth Bank now forecasts a 14 per cent fall in national home prices and a 15 per cent fall across capital cities. That is deeper than Westpac’s forecast of a 10.9 per cent peak-to-trough decline.

What’s next

A fall of this size, if it continues, shifts negotiating room back toward buyers. Vendors and agents setting asking prices should plan for more negotiation than they faced at the April peak. The scale of that shift from here will depend on the fuller Cotality release behind The West Australian’s report, and on whether the national downturn Cotality has flagged continues to pull Perth values down with it.