Perth Market Snapshot for the week ending 14 March 2021

Sales activity increased 10 per cent in Perth last week, with REIWA members reporting 1,020 transactions.

This increase can be attributed to a 13 per cent increase in house sales and a 17 per cent increase in unit sales. However, there was a 16 per cent decline in vacant land sales.

Properties for sale

There were 8,135 properties for sale in Perth at the end of last week, which is 2.4 per cent more than the previous week.

A closer look at listing stock shows house listings increased by two per cent, listings for units increased by 4.5 per cent and listings for vacant land remained unchanged.

Last week’s total figure is four per cent higher than four weeks ago and 36 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,731 properties for rent in Perth at the end of last week, which is in one per cent less than the previous week.

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.