Western Australia has been the strongest performing state property market in Australia for two consecutive years, driven by the mining boom, population growth from interstate migration and a severe supply shortage. Victoria offers deeper markets, stronger long-term infrastructure and a more diversified economic base. Here is the full state-to-state GeeVee comparison for 2026.
| Metric | Victoria (Melbourne) | Western Australia (Perth) |
|---|---|---|
| Median House Price | $935,000 | $680,000 |
| Median Unit Price | $580,000 | $430,000 |
| Gross Yield (House) | 3.2% | 5.1% |
| Gross Yield (Unit) | 4.1% | 6.2% |
| 12-Month Growth | +4.2% | +16.2% |
| Vacancy Rate | 1.8% | 0.7% |
| GeeVee State Score | 7.4/10 | 8.4/10 |
GeeVee Verdict
Western Australia wins decisively on short-term metrics in 2026 — 16.2% annual growth, 6.2% unit yields and 0.7% vacancy rate. Victoria wins on long-term population growth trajectory, market depth and infrastructure pipeline. A balanced portfolio holds both states.
Access off-market opportunities across Victoria and Western Australia through the Collings Property Platform. Join free at collings.com.au/portal
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