Perth Market Snapshot for the week ending 1 November 2020

Sales activity remained stable in Perth this week, with REIWA members reporting 933 transactions.

This stability can be attributed to a three per cent rise in house sales, 21 per cent fall in unit sales and 23 per cent rise in vacant land sales over the week.

Properties for sale

There were 10,146 properties for sale in Perth at the end of this week, which is two per cent less than the previous week.

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

Last week’s total figure is three per cent lower than levels seen four weeks ago and are 28 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,784 properties for rent in Perth at the end of this week, which is two per cent less than the previous week.

Last week’s rental listings figure is six 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.