Perth Market Snapshot for the week ending 9 October 2022

Sales activity increased 22.9 per cent in Perth last week, with REIWA members reporting 892 transactions.

A closer look shows house sales were up by 20.8 per cent, unit sales increased by 25.8 per cent and vacant land sales increased by 40 per cent.

Properties for sale

There were 8,122 properties for sale in Perth at the end of last week, which is stable compared to the previous week.

This can be attributed to a 0.7 per cent increase in house listings, a one per cent increase in unit listings and a 2.5 per cent decrease in vacant land listings.

Last week’s total figure of properties available for sale is 0.9 per cent lower than levels seen four weeks ago and 3.8 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 1,791 properties for rent in Perth at the end of last week, which is an increase of 3.9 per cent compared to the previous week.

Last week’s rental listings figure is 5.6 per cent less than four weeks ago and 21.8 per cent lower than a year ago.

Leasing activity increased by 17.2 per cent in Perth last week, with REIWA members reporting 599 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.