Perth Market Snapshot for the week ending 7 November 2021

Sales activity decreased one per cent in Perth last week, with REIWA members reporting 1,097 transactions.

This decrease can be attributed to a four per cent increase in house sales, an eight per cent rise in unit sales, and a 51 per cent fall in vacant land sales over the week.

Properties for sale

There were 8,863 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 three per cent, listings for units increased by one per cent and listings for vacant land increased by two per cent.

Last week’s total figure is five per cent higher than levels seen four weeks ago, and 13 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,229 properties for rent in Perth at the end of last week, which is four per cent more than the previous week.

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

Leasing activity decreased five per cent in Perth last week, with REIWA members reporting 628 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.