Perth Market Snapshot for the week ending 23 October 2022

Sales activity increased by 5.1 per cent in Perth last week, with REIWA members reporting 923 transactions.

A closer look shows house sales increased by 4.2 per cent, unit sales decreased by 3.2 per cent and vacant land sales increased by 79.3 per cent.

Properties for sale

There were 8,271 properties for sale in Perth at the end of last week, which is similar to the previous week.

This can be attributed to a 1.1 per cent increase in house listings, while unit listings were stable and vacant land listings decreased by 0.9 per cent.

Last week’s total figure of properties available for sale is 2.2 per cent higher than levels seen four weeks ago and 4.9 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 1,668 properties for rent in Perth at the end of last week, which is a decrease of 5.4 per cent compared to the previous week.

Last week’s rental listings figure is similar to levels seen four weeks ago and 21.9 per cent lower than a year ago.

Leasing activity increased by 3.2 per cent in Perth last week, with REIWA members reporting 672 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.