Perth Market Snapshot for the week ending 18 April 2021

Sales activity increased 18 per cent in Perth last week, with REIWA members reporting 919 transactions.

This increase can be attributed to an 18 per cent increase in house sales and a 30 per cent rise increase unit sales, however there was a four per cent decline in vacant land sales during the week.

Properties for sale

There were 8,680 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 three per cent, listings for units increased by four per cent and listings for vacant land decreased by one per cent.

Last week’s total figure is four per cent higher than four weeks ago and 28 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,780 properties for rent in Perth at the end of last week, which is one 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.