Perth weekly market snapshot for the week ending 10 November 2024

Sales transactions in Perth last week were down 2.4 per cent on the previous week, with REIWA members reporting 988 transactions. A closer look shows house sales were similar to the week prior, while unit sales were down 21.5 per cent and land sales were up 50 per cent.

Top performing suburbs – sales

1. Baldivis – 17
2. Perth – 16
3. Scarborough – 14
4. East Perth – 12
5. Halls Head – 12

Perth’s lowest sale price: Wembley – $300,000

There were 5,193 properties for sale in Perth at the end of last week, which is 3.9 per cent higher than the previous week. This can be attributed to house listings increasing 4.4 per cent compared to the week prior and unit listings increasing 4 per cent but listings for vacant land remained relatively stable.

Last week's total figure of properties available for sale is 13.2 per cent higher than four weeks ago and 5.9 per cent higher than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,047 properties for rent in Perth at the end of last week, which is 5.5 per cent up on the week prior. Last week's rental listings figure is 3.1 per cent higher than four weeks ago and 12.2 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 20
2. Baldivis – 16
3. East Perth – 13
4. Gosnells – 12
5. Byford – 10

REIWA members reported 576 properties leased last week, which is 3.7 per cent lower than the previous week and 5.3 per cent lower than four weeks ago but 4 per cent higher than a year ago.

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