Perth Market Snapshot for the week ending 4 April 2021

Sales activity increased 7.8 per cent in Perth last week, with REIWA members reporting 1,024 transactions.

This decrease can be attributed to a seven per cent increase in house sales, an 8.9 per cent increase in unit sales, and a 11.5 per cent increase in vacant land sales.

Properties for sale in Perth

There were 8,259 properties for sale in Perth at the end of last week, which is 4.5 per cent less than the previous week.

A closer look at listing stock levels shows house listings decreased by four per cent, listings for units decreased by 4.5 per cent and listings for vacant land decreased by 5.4 per cent.

Last week’s total figure is 3.9 per cent higher than four weeks ago and 33 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,695 properties for rent in Perth at the end of last week, which is one per cent less than the previous week.

Last week’s rental listings figure is 2.6 per cent lower 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.