Perth Market Snapshot for the week ending 8 May 2022

Sales activity increased 10.8 per cent in Perth last week, with REIWA members reporting 952 transactions.

This can be attributed to a seven per cent increase in house sales, a 20.7 per cent rise in unit sales, and a 21.5 per cent in vacant land sales over the week.

Properties for sale

There were 8,099 properties for sale in Perth at the end of last week, which is 0.7 per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by 1.7 per cent, listings for units increased by 0.6 per cent and listings for vacant land decreased by 1.5 per cent.

Last week’s total figure is 2.6 per cent higher than four weeks ago and 8.9 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,482 properties for rent in Perth at the end of last week, which is 0.6 per cent less than the previous week.

Last week’s rental listings figure is 3.4 per cent higher than four weeks ago and 13.5 per cent lower than the same time last year.

Leasing activity increased 22 per cent in Perth last week, with REIWA members reporting 719 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.