Peppermint Grove

About Peppermint Grove

​Peppermint Grove, located approximately 11 kilometres west of Perth’s CBD, is renowned as one of Australia’s most prestigious suburbs, characterized by its luxurious properties and proximity to the Swan River.​

Property Market Overview:

• Median Sale Prices: Over the past year, the median sale price for houses in Peppermint Grove has been approximately $5,067,500. ​

• Annual Growth: The suburb has experienced a sales growth of 17.0%, with annual capital growth for houses around 17.00%. ​

• Rental Market: The median weekly rent for houses is $2,100, yielding an annual rental return of approximately 1.98%. ​

Recent Developments:

Peppermint Grove continues to attract high-end properties, exemplified by the recent listing of a historic estate with an $11 million price guide. ​

Market Outlook:

While Perth’s property market has seen significant growth, experts predict a moderation in 2025. Westpac forecasts annual price growth to decrease from 10% in 2023 to 4% in 2025, with KPMG anticipating a drop from 10.2% to 5.2% over the same period.