Perth Market Snapshot for the week ending 28 March 2021

Sales activity decreased 3.2 per cent in Perth last week, with REIWA members reporting 965 transactions.

This decrease can be attributed to a 1.1 per cent decline in house sales and a 23 per cent decrease in unit sales, however there was a 10 per cent increase in vacant land sales.

Properties for sale in Perth

There were 8,650 properties for sale in Perth at the end of last week, which is four per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by six per cent, listings for units increased by four per cent and listings for vacant land remained stable.

Last week’s total figure is 10 per cent higher than four weeks ago and 31 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,720 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 1.6 per cent lower than four weeks ago and 49 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.