Perth market snapshot for the week ending 12 January 2020

Sales activity increased in Perth this week, with REIWA members reporting 542 transactions.

This increase can be attributed to significant rise in all house, unit, and vacant land sales over the week, rebounding back closer to normal levels after the seasonal influence of Christmas and New Year festivities.

Properties for sale

There were 12,433 properties for sale in Perth at the end of this week, which is one per cent more than last week.

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

This week’s total figure is nine per cent lower than levels seen four weeks ago and are 24 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 6,225 properties for rent in Perth at the end of this week, which is eight per cent more than last week.

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

Leasing activity also increased significantly in Perth this week, with REIWA members reporting 1,091 properties leased.

Despite notable increases in leasing activity numbers, this week’s figures remain eight per cent lower than the same week last year.

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.