Perth weekly market snapshot for the week ending 24 Sep 2023

Sales transactions in Perth last week were 15.5 per cent higher than the previous week, with REIWA members reporting 1,013 transactions. A closer look shows house sales were up 3.6 per cent on the week prior while unit sales were up 40.6 per cent and vacant land sales were up 61.6 per cent.

Properties for Sale

There were 5,034 properties for sale in Perth at the end of last week, which is 2.7 per cent lower than the previous week. This can be attributed to listings for houses decreasing 2.1 per cent, unit listings decreasing 3.7 per cent and vacant land listings also decreasing 2.6 per cent on the previous week.

Last week’s total figure of properties available for sale is 4.6 per cent lower than levels seen four weeks ago and 37.8 per cent lower than levels seen a year ago.

Properties for Rent

In Perth’s rental market, REIWA members reported there were 1,666 properties for rent in Perth at the end of last week, which is relatively stable with the week prior. Last week’s rental listings figure is 1.9 per cent higher than four weeks ago and stable with figures seen a year ago.

REIWA members reported 591 properties leased last week, which is 1.7 per cent higher than the previous week, relatively stable compared to four weeks ago and 6.8 per cent higher than a year ago.

Median Price Data

Median price data last updated 29 September 2023 containing transactions for the 12 month period ending August 2023.

Sales data is annual up to the latest completed month. Rental data is year-on-year 3-month rolling up to the latest completed month. Data in this graph is revised as more transactions are settled.

Listings 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.