Perth Market Snapshot for week ending 21 March 2021

Sales activity remained stable in Perth last week, with REIWA members reporting 1,010 transactions.

This stability can be attributed to a four per cent decline in house sales, a 11 per cent increase in unit sales, and an eight per cent increase in vacant land sales.

Properties for sale in Perth

There were 8,313 properties for sale in Perth at the end of last week, which is two per cent more than the previous week.

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

Last week’s total figure is five per cent higher than four weeks ago and 35 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,747 properties for rent in Perth at the end of last week, which is one per cent more 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.

Last week’s rental listings figure is three per cent lower than four weeks ago and 49 per cent lower than a year ago.