Perth Market Snapshot for the week ending 10 April 2022

Sales activity decreased three per cent in Perth last week, with REIWA members reporting 993 transactions.

This can be attributed to a three per cent decline in house sales and a 26 decline in vacant land sales over the week. Unit sales increased seven per cent during the week.

Properties for sale

There were 7,896 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 house listings increased by two per cent, listings for units increased by two per cent and listings for vacant land were stable.

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

Perth rental market

REIWA members reported there were 2,401 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 three per cent higher than levels seen four weeks ago, but are 13 per cent lower than levels seen a year ago.

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.