Perth Market Snapshot for the week ending 30 May 2021

Sales activity increased seven per cent in Perth last week, with REIWA members reporting 976 transactions.

This increase can be attributed to a 48 per cent increase in vacant land sales and a 22 per cent increase in land sales, however house sales declined three per cent during the week.

Properties for sale

There were 9,212 properties for sale in Perth at the end of last week, which is one per cent more than the previous week.

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

Last week’s total figure is three per cent higher than four weeks ago and 18 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,843 properties for rent in Perth at the end of last week, which is five per cent less than the previous week.

Last week’s rental listings figure is on par with levels seen four weeks ago and 39 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.