Perth market snapshot for the week ending 2 February 2020

Sales activity decreased five per cent in Perth this week, with REIWA members reporting 597 transactions.

This decrease can be attributed to a 10 per cent fall in house and unit sales, despite a 38 per cent rise in vacant land sales over the week.

Properties for sale

There were 12,384 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 one per cent, listings for units decreased by two per cent and listings for vacant land decreased by three per cent.

This week’s total figure is one per cent higher than levels seen four weeks ago, but are 25 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 5,770 properties for rent in Perth at the end of this week, which is two per cent less than last week.

This week’s rental listings figure is one per cent higher than levels seen four weeks ago, but are 15 per cent lower than levels seen a year ago.

Leasing activity decreased 22 per cent in Perth this week, with REIWA members reporting 1,040 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.