Perth Market Snapshot for the week ending 5 June 2022

Sales activity increased 5.6 per cent in Perth last week, with REIWA members reporting 1,005 transactions.

This can be attributed to a 1.7 per cent increase in house sales and a 0.5 per cent increase in unit sales and a 72 per cent increase in vacant land sales.

Properties for sale

There were 8,379 properties for sale in Perth at the end of last week, which is 1.7 per cent less than the previous week.

A closer look at listing stock levels shows house listings decreased by 1.7 per cent, unit listings decreased by 2.3 per cent and listings for vacant land decreased by 1.7 per cent.

Last week’s total figure is 3.5 per cent higher than four weeks ago and 7.5 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,325 properties for rent in Perth at the end of last week, which is 0.4 per cent more than the previous week.

Last week’s rental listings figure is 6.3 per cent lower than four weeks ago and 17.4 per cent lower than the same time last year.

Leasing activity decreased five per cent in Perth last week, with REIWA members reporting 652 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.