Perth market snapshot for the week ending 2 August 2020

Sales activity increased 16 per cent in Perth this week, with REIWA members reporting 855 transactions.

This increase can be attributed to an eight per cent rise in house sales, no change in unit sales and 55 per cent rise in vacant land sales over the week.

Properties for sale

There were 10,751 properties for sale in Perth at the end of this week, which is one per cent more than last week.

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

This week’s total figure is three per cent higher than levels seen four weeks ago, but are 25 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 3,555 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 10 per cent lower than levels seen four weeks ago and are 49 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.