Perth Market Snapshot for the week ending 18 October 2020

Sales activity increased one per cent in Perth this week, with REIWA members reporting 900 transactions.

This increase can be attributed to a six per cent rise in house sales, four per cent fall in unit sales and 20 per cent fall in vacant land sales over the week.

Properties for sale

There were 10,379 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 one per cent, and listings for units and vacant land both remained stable.

This week’s total figure is three per cent lower than levels seen four weeks ago and are 26 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,879 properties for rent in Perth at the end of this week, which is three per cent less than last week.

This week’s rental listings figure is five per cent lower than levels seen four weeks ago and are 53 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.