Perth Market Snapshot for the week ending 16 October 2022

Sales activity was stable in Perth last week, with REIWA members reporting 888 transactions.

A closer look shows house sales were stable, unit sales increased by 17.5 per cent and vacant land sales decreased by 48.2 per cent.

Properties for sale

There were 8,250 properties for sale in Perth at the end of last week, which is 1.6 per cent more than the previous week.

This can be attributed to a three per cent increase in house listings, while both unit listings and vacant land listings remained stable.

Last week’s total figure of properties available for sale is 0.7 per cent lower than levels seen four weeks ago and 3.5 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 1,763 properties for rent in Perth at the end of last week, which is a decrease of 1.6 per cent compared to the previous week.

Last week’s rental listings figure is 3.5 per cent less than four weeks ago and 21.2 per cent lower than a year ago.

Leasing activity increased by 9.9 per cent in Perth last week, with REIWA members reporting 655 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.