Perth market snapshot for the week ending 26 April 2020

Sales activity increased 53.3 per cent in Perth this week, with REIWA members reporting 437 transactions.

This increase can be attributed to a 40.5 per cent rise in house sales, 63.4 per cent increase in unit sales and 134.5 per cent increase in vacant land sales over the week.

Properties for sale

There were 11,903 properties for sale in Perth at the end of this week, which is 1.4 per cent lower than last week.

A closer look at listing stock levels shows house listings decreased by 2.4 per cent, listings for units remained unchanged and vacant land listings decreased by 0.1 per cent.

This week’s total figure for properties listed for sale is five per cent lower than levels seen four weeks ago and is 20.7 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 5,696 properties for rent in Perth at the end of this week, which is in line with last week.

This week’s rental listings figure is five per cent higher than levels seen four weeks ago and is 20 per cent lower than levels seen a year ago.

Leasing activity increased 18.6 per cent in Perth this week, with REIWA members reporting 861 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.