Perth Market Snapshot for the week ending 24 July 2022

Sales activity increased eight per cent in Perth last week, with REIWA members reporting 846 transactions.

Over the week, house sales increased 5.6 per cent, unit sales increased six per cent and vacant land sales increased 54.3 per cent.

Properties for sale

There were 8,696 properties for sale in Perth at the end of last week, which is 14 properties more than the previous week.

A closer look at listing stock levels shows house and unit listings were stable during the week, while listings for vacant land increased 1.6 per cent.

Last week’s total figure is 1.1 per cent higher than four weeks ago and two per cent higher than a year ago.

Perth rental market

REIWA members reported there were 2,324 properties for rent in Perth at the end of last week, which is 2.4 per cent less than the previous week.

Last week’s rental listings figure is similar to four weeks ago and 16.1 per cent lower than a year ago.

Leasing activity increased 2.7 per cent in Perth last week, with REIWA members reporting 687 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.