Perth weekly market snapshot for the week ending 12 Nov 2023

Sales transactions in Perth last week were 12.7 per cent lower than the previous week, with REIWA members reporting 1,010 transactions. A closer look shows house sales were down 4.9 per cent on the week prior, unit sales were down 12.9 per cent and vacant land sales were down 47.5 per cent.

Top performing suburbs – sales

1. Perth – 17
2. Gosnells – 15
3. Baldivis – 14
4. Dianella – 13
5. Ellenbrook – 13

Perth’s highest sale price: North Fremantle - $3,350,000

Perth’s lowest sale price: Orelia - $210,000

There were 4,903 properties for sale in Perth at the end of last week, which is 1.1 per cent higher than the previous week. This can be attributed to listings for houses increasing 4.2 per cent while unit listings decreased 2.3 per cent and vacant land listings decreased 1.9 per cent.

Last week's total figure of properties available for sale is 2.6 per cent lower than four weeks ago and 41.5 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 1,824 properties for rent in Perth at the end of last week, which is 4.9 per cent higher than the week prior. Last week's rental listings figure is 7.9 per cent higher than four weeks ago and 2.9 per cent higher than a year ago.

Top performing suburbs – rentals

1. East Perth – 20
2. Perth – 19
3. Baldivis – 14
4. Mandurah – 11
5. Maylands – 10

REIWA members reported 563 properties leased last week, which is 9.3 per cent lower than the previous week, similar to four weeks ago and 9.8 per cent lower than a year ago.

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