Perth Market Snapshot for the week ending 18 September 2022

Sales activity increased three per cent in Perth last week, with REIWA members reporting 861 transactions.

A closer look shows house sales were fairly stable, unit sales increased by 23.8 per cent and vacant land sales decreased by 9.8 per cent.

Properties for sale

There were 8,307 properties for sale in Perth at the end of last week, which is an increase of 1.3 per cent compared to the previous week.

This can be attributed to a 1.7 per cent increase in house listings, a 0.7 per cent increase in unit listings and a 1.1 per cent increase in vacant land listings.

Last week’s total figure is two per cent lower than four weeks ago and 2.7 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 1,776 properties for rent in Perth at the end of last week, which is a decrease of 6.4 per cent compared to the previous week.

Last week’s rental listings figure is 13.5 per cent lower than four weeks ago and 22.1 per cent lower than a year ago.

Leasing activity increased 3.8 per cent in Perth last week, with REIWA members reporting 690 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.