Hope for First-Home Buyers as Commonwealth Bank Predicts Perth House Prices Could Fall 18 Per Cent

Published 2026-11-03

Home buyers in Perth may soon have a better chance of entering the property market, according to a new forecast from the Commonwealth Bank of Australia (CBA). The bank predicts that median home prices in the Western Australian capital could fall by as much as 18 per cent. For people who have struggled to afford a house, this news has brought a sense of hope.

Perth has been one of the fastest-growing property markets in Australia in recent years. Demand for housing rose quickly, and prices increased sharply, making it difficult for many young people and first-home buyers to save enough for a deposit. Analysts say that a drop in prices could make homes more affordable, especially for people who are trying to buy their first property.

However, the forecast also means that some existing homeowners could see the value of their properties decline. Experts note that a fall in prices may affect people who recently bought homes at high prices or who plan to sell in the near future. The actual outcome will depend on interest rates, the local economy, and how many new homes are built over the coming years.

As the market changes, buyers are advised to research carefully before making decisions. Financial advisers recommend that people check their budgets, compare loan options, and speak with a professional before committing to a purchase. For now, the CBA prediction offers a cautious sign of optimism for Perth residents hoping to own a home.

Sources: ABC News & Headlines – Australian Broadcasting Corporation

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