Best Suburbs for Downsizers in Perth, The 2026 Guide
In 2026, Perth offers downsizers genuine choice across established suburbs with excellent amenities, transport links, and proximity to healthcare. Whether you're looking to unlock equity from your family home, reduce maintenance commitments, or move closer to services and social connections, the right suburb choice can make your transition both financially rewarding and lifestyle-enhancing.
Perth's mature suburbs combine the convenience of established infrastructure with strong property fundamentals - particularly important when you're making what's likely your final property move. From riverfront precincts like Como - Applecross or South Perth to established northern suburbs with shopping and medical precincts, there's a range of options across different price points and lifestyle preferences.
Launch Finance helps downsizers across Perth compare home loan options for their next property purchase, including equity release strategies and bridging finance arrangements, completely free of charge.
In this guide, we'll walk you through the best suburbs for downsizers based on convenience, amenities, property types, and resale strength.
Why suburb choice matters when downsizing
Your suburb choice as a downsizer affects more than just your daily convenience - it determines your long-term lifestyle, ongoing costs, and the strength of your property investment. Unlike first home buyers who might prioritise growth potential, downsizers typically benefit from established neighbourhoods with proven amenities, reliable public transport, and proximity to healthcare services.
The best downsizing suburbs in Perth combine walkable shopping precincts, established medical facilities, quality cafes and restaurants, and strong community connections. They also tend to offer a mix of property types - from low-maintenance apartments and villas to smaller freestanding homes - giving you genuine choice in how you want to live.
What are the best suburbs for downsizers in Perth?
The strongest downsizing suburbs in Perth include South Perth, Como, Applecross, Mount Pleasant, Nedlands, Claremont, Subiaco, and Mount Lawley, based on amenities, transport access, and property diversity. Your best choice depends on your budget, lifestyle preferences, and whether you're prioritising riverfront access, train connections, or established shopping precincts - which is exactly what we work through with you before you commit to any purchase.
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South Perth
South Perth combines Swan River frontage with excellent city access via the Mends Street ferry and frequent bus connections. The suburb offers a strong mix of apartments, villas, and smaller homes, with the Mends Street precinct providing cafes, restaurants, and specialist shops within walking distance.
- Median house price: $1.7M-$1.9M range based on REIWA/Landgate data
- Median unit price: $700K-$800K range
- Best suited for: downsizers seeking river lifestyle with city connectivity
- Key amenities: ferry access, Mends Street dining, Perth Zoo proximity
Como
Como offers riverside living with the convenience of Preston Street's retail and dining strip. The suburb features a good selection of low-maintenance villas and apartments, plus easy access to Curtin University facilities and the Canning Bridge transport hub.
- Median house price: $1.5M-$1.7M range based on REIWA/Landgate data
- Median unit price: $600K-$700K range
- Best suited for: downsizers wanting established amenities with river access
- Key amenities: Preston Street shops, Canning Bridge station, parkland access
Applecross
Applecross sits in Perth's premium riverside corridor with established shopping at Applecross Village and excellent access to medical specialists along Canning Highway. The suburb offers quality apartments and villas alongside smaller heritage homes.
- Median house price: $2.5M-$2.8M range based on REIWA/Landgate data
- Median unit price: $800K-$1.0M range
- Best suited for: downsizers seeking premium riverside convenience
- Key amenities: Applecross Village, specialist medical precinct, river access
Mount Pleasant
Mount Pleasant provides quiet riverside living with easy access to both Applecross and Como amenities. The suburb features predominantly low-maintenance housing options and excellent access to specialist healthcare facilities.
- Median house price: $1.9M-$2.1M range based on REIWA/Landgate data
- Median unit price: $700K-$900K range
- Best suited for: downsizers prioritising quiet residential living with river proximity
- Key amenities: parkland access, medical specialist proximity, established streetscapes
Nedlands
Nedlands combines university town character with proximity to the Queen Elizabeth II Medical Centre and specialist healthcare precinct. The suburb offers quality apartments near Broadway shops and smaller character homes on tree-lined streets.
- Median house price: $2.3M-$2.5M range based on REIWA/Landgate data
- Median unit price: $900K-$1.1M range
- Best suited for: downsizers seeking premium amenities with healthcare access
- Key amenities: UWA proximity, QEII Medical Centre, Broadway shopping
Claremont
Claremont offers established shopping at Claremont Quarter and excellent train connections to the city and Fremantle. The suburb provides a strong selection of apartments, villas, and townhouses within walking distance of cafes, restaurants, and services.
- Median house price: $2.5M-$3.0M range based on REIWA/Landgate data
- Median unit price: $1.0M-$1.2M range
- Best suited for: downsizers wanting premium shopping and transport convenience
- Key amenities: Claremont Quarter, train station, Bay View Terrace dining
Subiaco
Subiaco combines heritage charm with contemporary apartment living, particularly around Subi Centro. The suburb offers excellent walkability, with Rokeby Road providing cafes, restaurants, and specialty shops, plus direct train access to the city and Fremantle.
- Median house price: $1.9M-$2.1M range based on REIWA/Landgate data
- Median unit price: $700K-$800K range
- Best suited for: downsizers seeking vibrant street life with transport convenience
- Key amenities: Rokeby Road precinct, underground station, Kings Park proximity
Mount Lawley
Mount Lawley provides inner-city convenience with the Beaufort Street cafe and restaurant strip. The suburb offers heritage apartments, contemporary developments, and train access via the METRONET network, making it highly connected to both the city and airport.
- Median house price: $1.5M-$1.7M range based on REIWA/Landgate data
- Median unit price: $600K-$700K range
- Best suited for: downsizers seeking urban lifestyle with cultural amenities
- Key amenities: Beaufort Street dining, train station access, proximity to Hyde Park
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Frequently Asked Questions
What's the best property type for downsizers in Perth?
Villas and ground-floor apartments are typically the most suitable for downsizers, offering low maintenance with good security and often some outdoor space. The choice depends on your mobility needs, lifestyle preferences, and budget - established suburbs like South Perth and Mount Lawley offer good selections of both.
Should I buy before selling when downsizing?
It depends on your equity position and risk tolerance. Downsizers often have substantial equity to work with, which can make bridging finance or deposit bridging arrangements viable options for securing your new home before settlement on your existing property.
How much equity should I expect to release when downsizing?
Most downsizers release between $300,000 to $800,000 in equity, depending on their existing property value and new purchase price. The exact figure depends on your current home's value, the suburb you're moving to, and your ongoing borrowing needs.
Do downsizers need mortgage insurance?
No - most downsizers purchase with a deposit well above 20%, avoiding LMI entirely. With substantial equity from your existing home, you're typically buying with a 40-60% deposit or purchasing outright without any borrowing.
What are the tax implications of downsizing?
If you're over 65, you can contribute up to $300,000 from your home sale proceeds into superannuation under the downsizer scheme, with couples able to contribute $600,000 combined. This can provide significant tax advantages - speak to your accountant about timing and eligibility.
Should I use a mortgage broker or go directly to my bank when downsizing?
A mortgage broker, every time. Downsizers often have complex finance structures - equity release, bridging arrangements, offset account setups - and different lenders approach these very differently. A broker comparison ensures you're getting the most suitable structure and rate for your specific situation.
Can I get an interest-only loan as a downsizer?
Yes, though it's less common for downsizer purchases since most are buying with substantial deposits. Interest-only can make sense during bridging periods or where you're planning to pay down the loan using sale proceeds from your existing home within a specific timeframe.
Your Next Steps
Downsizing successfully is about more than finding a smaller home - it's about choosing a suburb that supports your lifestyle goals while maximising the financial benefit from your move. The right lender for your downsizing purchase can make a significant difference to your borrowing costs, bridging arrangements, and ongoing loan structure.
Ready to find out which Perth suburb and finance structure suits your downsizing plans? Contact the Launch Finance team for a free consultation or call 08 9367 4222. We'll assess your equity position across our wide panel of lenders and identify the most suitable options for your next move.
External Resources
Launch Finance Pty Ltd · ABN 17 163 528 701 · Launch Finance Pty Ltd is a Corporate Credit Representative (CCR No. 454041) of BLSSA Pty Ltd ABN 69 117 651 760 (Australian Credit Licence No. 391237) · General information only — this article does not constitute financial advice. Please consider your own circumstances and seek professional advice before making any financial decisions.