Perth Market Snapshot for the week ending 22 May 2022

Sales activity decreased 2.6 per cent in Perth last week, with REIWA members reporting 875 transactions.

This can be attributed to a three per cent increase in house sales, a five per cent decrease in unit sales, and a 12 per cent increase in vacant land sales.

Properties for sale

There were 8,431 properties for sale in Perth at the end of last week, which is 1.7 per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by 2.7 per cent, unit listings increased by 0.7 per cent and listings for vacant land increased by 0.2 per cent.

Last week’s total figure is 5.1 per cent higher than four weeks ago and 7.5 per cent more than a year ago.

Perth rental market

REIWA members reported there were 2,362 properties for rent in Perth at the end of last week, which is 3.7 per cent less than the previous week.

Last week’s rental listings figure is 2.4 per cent lower than four weeks ago and 20.8 per cent lower than the same time last year.

Leasing activity increased three per cent in Perth last week, with REIWA members reporting 723 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.