Perth Market Snapshot for the week ending 28 February 2021

Sales activity increased 10.4 per cent in Perth last week, with REIWA members reporting 1,058 transactions.

This increase can be attributed to a 1.3 per cent rise in house sales, a 17.3 per cent increase in unit sales and an 88.6 per cent increase in vacant land sales over the week.

Properties for sale

There were 7,849 properties for sale in Perth at the end of last week, which is 0.7 per cent less than the previous week.

A closer look at listing stock levels shows house listings increased by 0.9 per cent and listings for units decreased by 1.2 per cent, while listings for vacant land decreased by 3.2 per cent.
Last week’s total listings figure is 2.1 per cent lower than four weeks ago and 37 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,765 properties for rent in Perth at the end of last week, which is 2.6 per cent less than the previous week.

Last week’s rental listings figure is 0.8 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.