Perth Market Snapshot for the week ending 3 April 2022

Sales activity decreased seven per cent in Perth last week, with REIWA members reporting 1,034 transactions.

This can be attributed to a 10 per cent fall in house sales, a nine per cent fall in unit sales, and a 28 per cent rise in vacant land sales over the week.

Properties for sale

There were 7,790 properties for sale in Perth at the end of last week, which is two per cent less than the previous week.

A closer look at listing stock levels shows house listings decreased by one per cent, listings for units decreased by three per cent and listings for vacant land decreased by two per cent.

Last week’s total figure is on par with levels seen four weeks ago, and are six per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,365 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 9 per cent higher than levels seen four weeks ago, but are 12 per cent lower than levels seen a year ago.

Leasing activity decreased five per cent in Perth last week, with REIWA members reporting 701 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.