Perth market snapshot for the week ending 8 March 2020

Sales activity decreased 20 per cent in Perth this week, with REIWA members reporting 618 transactions.

This decrease can be attributed to a 20 per cent fall in house sales, 29 per cent fall in unit sales and 10 per cent fall in vacant land sales over the week.

Properties for sale

There were 12,527 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 decreased by one per cent.

This week’s total figure is one per cent lower than levels seen four weeks ago and are 26 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 5,573 properties for rent in Perth at the end of this week, which is four per cent more than last week.

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

Leasing activity decreased 30 per cent in Perth this week, with REIWA members reporting 780 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.