Perth weekly market snapshot for the week ending 21 January 2024

Sales transactions in Perth last week were 34.1 per cent higher than the previous week, with REIWA members reporting 830 transactions. A closer look shows house sales were 39.3 per cent higher than the week prior and unit sales were up 45.2 per cent, while vacant land sales were down 16.2 per cent.

Top performing suburbs – sales

Baldivis – 17
South Perth – 16
Perth – 15
Como – 14
Banksia Grove – 13

Perth’s highest sale price: Mandurah – $1,390,000

Perth’s lowest sale price: Maylands – $330,000

There were 3,864 properties for sale in Perth at the end of last week, which is 1.9 per cent higher than the previous week. This can be attributed to house listings increasing 4.1 per cent compared to the week prior and unit listings increasing 1.3 per cent, while vacant land listings decreased 2.6 per cent.

Last week’s total figure of properties available for sale is 2.8 per cent lower than four weeks ago and 46.8 per cent lower than levels seen a year ago.

In Perth’s rental market, REIWA members reported there were 1,996 properties for rent in Perth at the end of last week, which is 2.1 per cent higher than the week prior. Last week’s rental listings figure is 32.2 per cent higher than four weeks ago and 1 per cent higher than a year ago.

Top performing suburbs – rentals

East Perth – 21
Perth – 21
Maylands – 17
Baldivis – 16
Como – 12

REIWA members reported 703 properties leased last week, which is 13.9 per cent higher than the previous week, 6.4 per cent lower than four weeks ago and 5.1 per cent lower than a year ago.

Median price data

Median price data last updated 26 January 2024 containing transactions for the 12 month period ending December 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.