Piara Waters Market Report
The numbers first, then what they mean for you. All market figures below are from REIWA, September 2026.
The headline numbers
- Median house sale price: $1.03 million
- Median rent: $850 per week
- Median time to lease: 17 days
- Median time to sell: 37 days
- Vacancy rate: 3.10 per cent
From our own desk
Hyland Realty manages 53 residential leases, 19 of them in Piara Waters. The Piara Waters leases we manage carry a median rent of $1,000 per week, above the suburb median, because most are newer four-bedroom homes. For a single-agency view of one suburb, that is a reasonable sample.
Why demand keeps running
Census 2021 put 74.7 per cent of households in Piara Waters paying off a mortgage. This is an owner-occupier suburb, not a speculative one. Owners stay, churn is low, and when a well-priced home lists it draws multiple applications. A 3.1 per cent vacancy rate leaves little slack, and good homes lease inside three weeks.
If you are selling
A 37-day median says the market pays for accurate pricing. Homes listed at defensible, appraisal-backed numbers sell. Homes listed on hope sit, go stale, and hand the negotiation to the buyer. Get the appraisal before the marketing, not after. Start with a market appraisal.
If you are leasing out a home
Seventeen days to lease at a rising median rent, with vacancy at 3.1 per cent. The cost of getting the opening price wrong is one extra vacant fortnight, which at these rents is real money. Book a rental appraisal and price it right the first time.
A note on the data
More on this suburb: Schools · Getting around · Living in Piara Waters
The next Census release arrives in June 2027, and this page is updated as new figures land. Figures cited from REIWA, September 2026. Everything here is general information about the local market, not financial advice for your specific property.