Perth Market Snapshot for the Week Ending 2 October 2022

Sales activity decreased 10.9 per cent in Perth last week, with REIWA members reporting 734 transactions.

A closer look shows house sales were down by 7.1 per cent, unit sales decreased by 23.7 per cent and vacant land sales increased by 14.9 per cent.

Properties for sale

There were 8,116 properties for sale in Perth at the end of last week, which is stable compared to the previous week.

A closer look shows a two per cent increase in house listings, a 2.3 per cent decrease in unit listings and relatively stable vacant land listings.

Last week’s total figure of properties available for sale is similar to levels seen four weeks ago but 2.9 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 1,724 properties for rent in Perth at the end of last week, which is a increase of 2.9 per cent compared to the previous week.

Last week’s rental listings figure is 9.5 per cent lower than four weeks ago and 22.9 per cent lower than a year ago.

Leasing activity decreased 7.5 per cent in Perth last week, with REIWA members reporting 515 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.