Perth market snapshot for the week ending 17 May 2020

Sales activity decreased one per cent in Perth this week, with REIWA members reporting 511 transactions.

This decrease can be attributed to a 6.6 per cent decrease in house sales, 60.3 per cent increase in unit sales and 18.5 per cent decrease in vacant land sales over the week.

Properties for sale

There were 11,603 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 listings decreased by 0.2 per cent, listings for units increased by 0.3 per cent and vacant land listings remained steady.

This week’s total figure for properties listed for sale is 3.8 per cent lower than levels seen four weeks ago and is 30 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 5,162 properties for rent in Perth at the end of this week, which is 4.4 per cent less than last week.

This week’s rental listings figure is 9.4 per cent lower than levels seen four weeks ago and is 29 per cent lower than levels seen a year ago.

Leasing activity increased six per cent in Perth this week, with REIWA members reporting 1,057 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.