Perth Market Snapshot for the week ending 14 November 2021

Sales activity decreased two per cent in Perth last week, with REIWA members reporting 1,067 transactions.

This decrease can be attributed to a five per cent decline in house sales. However, unit sales were stable and vacant land sales increased 46 per cent.

Properties for sale

There were 9,067 properties for sale in Perth at the end of last week, which is two per cent more than the previous week.

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

Last week’s total figure is six per cent higher than four weeks ago, and 11 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,268 properties for rent in Perth at the end of last week, which is two per cent more than the previous week.

Last week’s rental listings figure is one per cent higher than levels seen four weeks ago and 21 per cent lower than the same time last year.

Leasing activity increased 11 per cent in Perth last week, with REIWA members reporting 694 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.