Perth market snapshot for the week ending 12 April 2020

Sales activity decreased five per cent in Perth this week, with REIWA members reporting 264 transactions.

This decrease can be attributed to a 0.5 per cent fall in house sales, 5.4 per cent increase in unit sales and 41.5 per cent decrease in vacant land sales over the week.

Properties for sale

There were 12,273 properties for sale in Perth at the end of this week, which is 0.7 per cent lower than last week.

A closer look at listing stock levels shows house listings decreased by one per cent, listings for units decreased by 0.3 per cent and vacant land listings decreased by 0.3 per cent.

This week’s total figure for properties listed for sale is three per cent lower than levels seen four weeks ago and is 28 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 5,641 properties for rent in Perth at the end of this week, which is 3.8 per cent more than last week.

This week’s rental listings figure is three per cent lower than levels seen four weeks ago and is 19 per cent lower than levels seen a year ago.

Leasing activity decreased 19.9 per cent in Perth this week, with REIWA members reporting 659 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.