Perth Market Snapshot for the week ending 4 October 2020

Sales activity increased one per cent in Perth this week, with REIWA members reporting 878 transactions.

This increase can be attributed to a 11 per cent fall in house sales, eight per cent fall in unit sales and 92 per cent rise in vacant land sales over the week.

Properties for sale

There were 10,437 properties for sale in Perth at the end of this week, which is two per cent less than last week.

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

This week’s total figure is two per cent lower than levels seen four weeks ago and are 23 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,959 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 six per cent lower than levels seen four weeks ago and are 52 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.