Perth Market Snapshot for the week ending 17 January 2021

Sales activity increased 10 per cent in Perth last week, with REIWA members reporting 763 transactions.

This increase can be attributed to a nine per cent rise in house sales, 17 per cent rise in unit sales and nine per cent rise in vacant land sales over the week.

Properties for sale

There were 8,312 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 and unit listings each increased by one per cent, while listings for vacant land decreased by one per cent.

Last week’s total figure is nine per cent lower than levels seen four weeks ago and 34 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,912 properties for rent in Perth at the end of last week, which is three per cent more than the previous week.

Last week’s rental listings figure is seven per cent higher than levels seen four weeks ago but 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.