Perth market snapshot for the week ending 18 December 2022

Sales activity decreased 6.8 per cent in Perth last week, with REIWA members reporting 834 transactions. A closer look shows house sales decreased by 6.5 per cent, unit sales decreased by 6.5 per cent and vacant land sales decreased by 12.8 per cent.

Properties for sale

There were 8,094 properties for sale in Perth at the end of last week, which is down 3.3 per cent compared with the previous week. This can be attributed to a 4.2 per cent decrease in house listings, 3.8 per cent decrease in unit listings and an increase of 0.3 per cent in vacant land listings.

Last week’s total figure of properties available for sale is down 6.2 per cent from levels seen four weeks ago and 10.2 per cent lower than levels seen a year ago.

Properties for rent

In Perth’s rental market, REIWA members reported there were 1,815 properties for rent in Perth at the end of last week, which is down six per cent compared with the previous week. Last week’s rental listings figure is the same as levels seen four weeks ago but 16.9 per cent lower than a year ago.

REIWA members reported 712 properties leased, which is 12.3 higher than the previous week.

Median price data

Price data last updated 23 December 2022 containing transactions for the 12 month period ending November 2022

Listing and rental trends

Data in these graphs is for houses and units in the Perth Metro region. The Listing graph includes the latest sales listings with median days to sell. The Rental graph includes the median weekly rents and median days to rent.