Perth Market Snapshot for the week ending 28 August 2022

Sales activity increased 3.2 per cent in Perth last week, with REIWA members reporting 944 transactions.

Over the week, house sales increased 4.6 per cent, unit sales increased 2.4 per cent and vacant land sales decreased 12.1 per cent.

Properties for sale

There were 8,406 properties for sale in Perth at the end of last week, which is 0.9 per cent less than the previous week.

A closer look at listing stock levels shows house listings decreased by 1.9 per cent, unit listings increased 0.5 per cent, and listings for vacant land was stable.

Last week’s total figure is 1.7 per cent lower than four weeks ago and 1.1 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 1,907 properties for rent in Perth at the end of last week, which is 7.2 per cent less than the previous week.

Last week’s rental listings figure is 15 per cent lower than four weeks ago and 19.8 per cent lower than a year ago.

Leasing activity increased four per cent in Perth last week, with REIWA members reporting 700 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.