Perth Market Snapshot for the week ending 18 July 2021

Sales activity increased eight per cent in Perth last week, with REIWA members reporting 875 transactions.

This can be attributed to seven per cent increase in house sales and a 31 per cent increase in unit sales, however vacant land sales declined by 18 per cent.

Properties for sale

There were 8,510 properties for sale in Perth at the end of last week, which is one per cent less than the previous week.

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

Last week’s total figure is six per cent lower than four weeks ago and 19 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,958 properties for rent in Perth at the end of last week, which is two per cent less than the previous week.

Last week’s rental listings figure is four per cent higher than four weeks ago and 24 per cent lower than the same time last year.

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.