Perth Market Snapshot for the week ending 8 November 2020

Sales activity decreased one per cent in Perth last week, with REIWA members reporting 910 transactions.

This decrease can be attributed to a seven per cent fall in house sales, a five per cent rise in unit sales, and a 25 per cent rise in vacant land sales over the week.

Properties for sale

There were 10,221 properties for sale in Perth at the end of last week, which is one per cent more than the previous week.

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

Last week’s total figure is two 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 2,814 properties for rent in Perth at the end of last week, which is one per cent more than the previous week.

Last week’s rental listings figure is five 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.