Perth market snapshot for the week ending 26 January 2020

Sales activity increased nine per cent in Perth this week, with REIWA members reporting 638 transactions.

This increase can be attributed to a nine per cent rise in house sales, 15 per cent rise in unit sales and five per cent rise in vacant land sales over the week.

Properties for sale

There were 12,636 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 remained stable, listings for units increased by one per cent and listings for vacant land increased by two per cent.

This week’s total figure is three per cent lower than levels seen four weeks ago and are 25 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 5,905 properties for rent in Perth at the end of this week, which is four per cent less than last week.

This week’s rental listings figure is six per cent higher than levels seen four weeks ago, but are 14 per cent lower than levels seen a year ago.

Leasing activity increased four per cent in Perth this week, with REIWA members reporting 1,345 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.