Perth market snapshot for the week ending 26 July 2020

Sales activity decreased five per cent in Perth this week, with REIWA members reporting 747 transactions.

This decrease can be attributed to a five per cent fall in house sales, 19 per cent rise in unit sales and 16 per cent fall in vacant land sales over the week.

Properties for sale

There were 10,657 properties for sale in Perth at the end of this week, which is two per cent more than last week.

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

This week’s total figure is three per cent lower than levels seen four weeks ago and 27 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 3,717 properties for rent in Perth at the end of this week, which is four per cent less than last week.

This week’s rental listings figure is seven per cent lower than levels seen four weeks ago and 47 per cent lower than levels seen a year ago.

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.