Perth market snapshot for the week ending 15 March 2020

Sales activity increased seven per cent in Perth this week, with REIWA members reporting 657 transactions.

This increase can be attributed to a 16 per cent rise in house sales, a six per cent rise in unit sales and 35 per cent fall in vacant land sales over the week.

Properties for sale

There were 12,691 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 two per cent, listings for units increased by one per cent and listings for vacant land increased by one per cent.

This week’s total figure is on par with levels seen four weeks ago but are 26 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 5,481 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 three per cent lower than levels seen four weeks ago and are 18 per cent lower than levels seen a year ago.

Leasing activity decreased 39 per cent in Perth this week, with REIWA members reporting 1,080 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.