Perth market snapshot for the week ending 9 April 2023

As expected with the Easter long weekend, sales activity decreased by 11.2 per cent in Perth last week, with REIWA members reporting 939 transactions. A closer look shows house sales decreased by 14.5 per cent and unit sales decreased by 17.4 per cent whereas vacant land sales increased by 95.7 per cent.  

There were 6,813 properties for sale in Perth at the end of last week, which is down 4.8 per cent compared with the previous week. This can be attributed to house listings decreasing by 6.5 per cent, unit listings remaining relatively stable and vacant land listings declining by 1.6 per cent.

Last week's total figure of properties available for sale is 4.8 per cent lower than levels seen four weeks ago and 13.6 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 1,994 properties for rent in Perth at the end of last week, which is 4 per cent higher than the previous week. Last week's rental listings figure is 4.9 per cent higher than four weeks ago but 17 per cent lower than a year ago.

As with sales, leasing activity was also slower with the Easter weekend. REIWA members reported 518 properties leased, which is 18.9 per cent lower than the previous week, 4.4 per cent lower than four weeks ago and 21.6 per cent lower than levels seen a year ago.

Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.