Perth Market Snapshot for the week ending 21 February 2021

Sales activity increased 16 per cent in Perth last week, with REIWA members reporting 966 transactions.

This increase can be attributed to a 28 per cent increase in house sales and a five per cent increase in unit sales, however vacant land sales declined 19 per cent during the week.

Properties for sale

There were 7,905 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 one per cent, listings for units increased by three per cent, while listings for vacant land decreased by one per cent.

Last week’s total figure is five per cent lower than levels seen four weeks ago and 38 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,840 properties for rent in Perth at the end of last week, which is two per cent less than the previous week.

Last week’s rental listings figure is one per cent lower than four weeks ago and 48 per cent lower than 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.