First-homebuyers’ hopes of achieving the Great Australian Dream of property ownership are slipping further into the quagmire, with industry leaders predicting Perth’s median house price could hit the $1 million mark by the end of this year.
The $1m 2026 prediction has promoted calls for the Cook Government to do more to help first-homebuyers get into the Perth and WA property market, including more stamp-duty relief in the upcoming May State Budget.