Perth Market Snapshot for the week ending 15 November 2020

Sales activity increased three per cent in Perth last week, with REIWA members reporting 918 transactions.

This increase can be attributed to a nine per cent rise in house sales, two per cent rise in unit sales and 28 per cent fall in vacant land sales over the week.

Properties for sale

There were 10,237 properties for sale in Perth at the end of last week, which is in line with the previous week.

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

Last week’s total figure is one per cent lower than levels seen four weeks ago and are 29 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,864 properties for rent in Perth at the end of last week, which is two per cent more than the previous week.

Last week’s rental listings figure is one per cent lower than levels seen four weeks ago and are 54 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.