Perth market snapshot for the week ending 23 February 2020

Sales activity increased three per cent in Perth this week, with REIWA members reporting 710 transactions.

This increase can be attributed to a two per cent rise in house and vacant land sales, and a 13 per cent rise in unit sales over the week.

Properties for sale

There were 12,642 properties for sale in Perth at the end of this week, which is in line with last week.

A closer look at listing stock levels shows house and unit listings decreased by one per cent and listings for vacant land remained stable.

This week’s total figure is on par with levels seen four weeks ago, but are 27 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 5,517 properties for rent in Perth at the end of this week, which is three per cent less than last week.

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

Leasing activity decreased three per cent in Perth this week, with REIWA members reporting 1,133 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.