Perth Market Snapshot for the week ending 9 May 2021

Sales activity increased 62 per cent in Perth last week, with REIWA members reporting 1,042 transactions.

This increase can be attributed to a 65 per cent increase in house sales, a 79 per cent increase in unit sales, and a 10 per cent increase in vacant land sales during the week.

Properties for sale

There were 8,886 properties for sale in Perth at the end of last week, which is on par with the previous week.

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

Last week’s total figure is five per cent higher than four weeks ago and 23 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,870 properties for rent in Perth at the end of last week, which is similar to the previous week.

Last week’s rental listings figure is five per cent higher than four weeks ago and 47 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.