Perth Market Snapshot for the week ending 19 September 2021

Sales activity increased one per cent in Perth last week, with REIWA members reporting 911 transactions.

This increase can be attributed to an eight per cent rise in house sales, however unit and land sales fell by 11 per cent and 19 per cent respectively.

Properties for sale

There were 8,537 properties for sale in Perth at the end of last week, which is in line with the previous week.

A closer look at listing stock levels shows house and unit listings were stable, however vacant land listings increased by two per cent.

Last week’s total figure is on par with levels recorded four weeks ago and 20 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,279 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 10 per cent lower than four weeks ago and 25 per cent lower than the same time last year.

Leasing activity decreased three per cent in Perth last week, with REIWA members reporting 676 properties leased.

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.