Perth market snapshot for the week ending 15 December 2019

Sales activity decreased 14 per cent in Perth this week, with REIWA members reporting 568 transactions compared to 662 the previous week.

This decrease can be attributed to a 10 per cent fall in house sales, eight per cent fall in unit sales and 51 per cent fall in vacant land sales over the week.

Properties for sale

There were 13,709 properties for sale in Perth at the end of this week, which is two per cent less than last week.

A closer look at listing stock levels shows house listings decreased by two per cent, listings for units decreased by two per cent and listings for vacant land increased by one per cent.

This week’s total figure is four per cent lower than levels seen four weeks ago and 22 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 5,998 properties for rent in Perth at the end of this week, which is in line with last week.

This week’s rental listings figure is three per cent lower than levels seen four weeks ago and are 16 per cent lower than levels seen a year ago.

Leasing activity remained stable in Perth this week, with REIWA members reporting 978 properties leased.

Quarterly median price data

Data in this graph is revised periodically as more transactions settle. The latest quarterly house, unit and land sales are an estimate.

Listing and rental trends

Data in this graph includes the latest quarterly sales listings with average selling days for the Perth Metro region and median weekly rents with vacancy rates for houses and units. The preliminary median weekly rent and vacancy rate figures are an estimate.