Perth weekly market snapshot for the week ending 5 May 2024

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Sales transactions in Perth last week were similar to the previous week, with REIWA members reporting 987 transactions. A closer look shows house sales were the same as the week prior, unit sales were up 8.8 per cent and land sales were down 26.3 per cent.

Properties for sale

There were 3,551 properties for sale in Perth at the end of last week, which is 2.5 per cent lower than the previous week. This can be attributed to house listings decreasing 1.4 per cent compared to the week prior, unit listings decreasing 4.8 per cent and listings for vacant land decreasing 2.4 per cent. Last week’s total figure of properties available for sale is 3.8 per cent lower than four weeks ago and 43.6 per cent lower than levels seen a year ago.

Properties for rent

In Perth’s rental market, REIWA members reported there were 2,216 properties for rent in Perth at the end of last week, which is 5.7 per cent up on the week prior. Last week’s rental listings figure is 12.9 per cent higher than four weeks ago and 9.2 per cent higher than a year ago. REIWA members reported 660 properties leased last week, which is 14.4 per cent higher than the previous week, 33.3 per cent higher than four weeks ago and a similar amount to a year ago.

Past Real Estate Reports

Perth weekly market snapshot for the week ending 29 September 2024

Sales transactions in Perth last week were down 0.9 per cent on the previous week, with REIWA members reporting 811

Perth weekly market snapshot for the week ending 22 September 2024

Sales transactions in Perth last week were down 4.5 per cent on the previous week, with REIWA members reporting 825

Perth weekly market snapshot for the week ending 15 September 2024

Sales transactions in Perth last week were similar to the previous week, with REIWA members reporting 868 transactions.