Perth weekly market snapshot for the week ending 8 Oct 2023

Sales transactions in Perth last week were 10.2 per cent higher than the previous week, with REIWA members reporting 926 transactions. A closer look shows house sales were up by 7.0 per cent on the week prior, unit sales were up 11.0 per cent and vacant land sales were up 33.3 per cent.

Properties for Sale

There were 5,054 properties for sale in Perth at the end of last week, which is 3.2 per cent higher than the previous week. This can be attributed to listings for houses increasing 5.5 per cent and unit listings increasing 2.5 per cent, while vacant land listings were similar to the previous week.

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

Properties for Rent

In Perth’s rental market, REIWA members reported there were 1,691 properties for rent in Perth at the end of last week, which is similar to the week prior. Last week’s rental listings figure is 2.7 per cent higher than four weeks ago but 5.6 per cent lower than a year ago.

REIWA members reported 587 properties leased last week, which is 21.8 per cent higher than the previous week,3.7 per cent higher compared to four weeks ago, and almost the same as a year ago.

Median price data

Median price data last updated 13 October 2023 containing transactions for the 12 month period ending September 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.

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.