Perth Market Snapshot for the week ending 11 April 2021

Sales activity decreased 22.2 per cent in Perth last week due to the Easter long weekend, with REIWA members reporting 785 transactions.

This decrease can be attributed to a 23 per cent decline in house sales, a 14 per cent decline in unit sales and a 29 per cent decline in vacant land sales.

Properties for sale in Perth

There were 8,485 properties for sale in Perth at the end of last week, which is three 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 four per cent and listings for vacant land decreased by two per cent.

Last week’s total figure is four per cent higher than four weeks ago and 31 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,745 properties for rent in Perth at the end of last week, which is two per cent more than the previous week.

Last week’s rental listings figure is one per cent higher than four weeks ago and 51 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.