Perth Market Snapshot for the week ending 15 August 2021

Sales activity increased three per cent in Perth last week, with REIWA members reporting 860 transactions.

This increase can be attributed to a four per cent increase in house sales and an eight per cent rise in vacant land sales. Unit sales declined four per cent during the week.

Properties for sale

There were 8,459 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 and land listings were stable, while unit listings increased by three per cent.

Last week’s total figure is one per cent lower than four weeks ago and 22 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,658 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 10 per cent lower than four weeks ago and 21 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.