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Perth’s property market is all but guaranteed to reach a “line in the sand” milestone before the end of the year, with new figures showing the median price for a home in the metropolitan region is within $20,000 of the $1 million mark.

According to the latest data from the Domain House Price Report for the September quarter, Perth prices climbed 1.6 per cent ($15,382) over the three-month period to a record median of $981,259.

Domain chief of research and economics Dr Nicola Powell said the latest growth has Perth’s real estate market sitting just $18,741 (1.9 per cent) below a median price of $1 million and is likely to reach this before the year’s end.

“My observation is when I see capital cities breach that million-dollar median for house price it

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