Perth weekly market snapshot for the week ending 13 August 2023

Sales transactions in Perth last week declined 1.3 per cent compared with the week prior, with REIWA members reporting 816 transactions. A closer look shows house and unit sales were relatively stable while vacant land sales declined by 16.9 per cent.

There were 5,275 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 listings for houses increasing 1.5 per cent, unit listings increasing by 6.2 per cent and vacant land listings decreasing 2.0 per cent.

Last week's total figure of properties available for sale is 1.6 per cent higher than levels seen four weeks ago but 38.4 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 1,833 properties for rent in Perth at the end of last week, which is 2.2 per cent lower than the week prior. Last week's rental listings figure is 8.8 per cent lower than four weeks ago and 13.6 per cent lower than a year ago.

REIWA members reported 598 properties leased last week, which is 1.7 per cent higher than the previous week, 14.1 per cent lower than four weeks ago and 7.6 per cent lower than a year ago.

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