Perth Market Snapshot for the week ending 20 November 2022

Sales activity increased 5.6 per cent in Perth last week, with REIWA members reporting 921 transactions. A closer look shows house sales were stable, unit sales increased by 22.3 per cent and vacant land sales increased by 32.4 per cent.

Properties for sale

There were 8,624 properties for sale in Perth at the end of last week, which is an increase of 2.9 per cent on the previous week. This can be attributed to a 4.2 per cent increase in house listings, a 1.9 per cent increase in unit listings and vacant land listings increased by 1.1 per cent.

Last week’s total figure of properties available for sale is 4.2 per cent higher than levels seen four weeks ago but 6.4 per cent lower than levels seen a year ago.

Perth rental market

In Perth’s rental market, REIWA members reported there were 1,830 properties for rent in Perth at the end of last week, which is an increase of 3.3 per cent compared with the previous week. Last week’s rental listings figure is 9.7% higher than levels seen four weeks ago but 22.2 per cent lower than a year ago.

REIWA members reported 663 properties leased. Leasing activity increased by 5.2 per cent in Perth last week.

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.