Perth market snapshot for the week ending 31 May 2020

Sales activity increased 9.8 per cent in Perth this week, with REIWA members reporting 636 transactions.

This increase can be attributed to a 11.3 per cent increase in house sales, 1.1 per cent increase in unit sales an 11.8 per cent increase in vacant land sales over the week.

This week’s sales of 636 compares to 383 four weeks ago and 536 one year ago.

Properties for sale

There were 11,299 properties for sale in Perth at the end of this week, which is 2.3 per cent lower than last week.

A closer look at listing stock levels shows house listings decreased by 3.9 per cent, listings for units decreased by 0.2 per cent and vacant land listings decreased by 0.4 per cent.

This week’s total figure for properties listed for sale is 2.9 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 4,676 properties for rent in Perth at the end of this week, which is seven per cent less than last week.

This week’s rental listings figure is 16.5 per cent lower than levels seen four weeks ago and is 35.4 per cent lower than levels seen a year ago.

Leasing activity increased 2.4 per cent in Perth this week, with REIWA members reporting 964 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.