Perth weekly market snapshot for the week ending 18 August 2024

Sales transactions in Perth last week were up 0.9 per cent on the previous week, with REIWA members reporting 870 transactions. A closer look shows house sales were up 3.7 per cent compared to the week prior while unit sales were down 6.3 per cent and land sales were up 1.4 per cent.

Top performing suburbs – sales

1. Como – 21
2. Ellenbrook – 14
3. Perth – 14
4. Rockingham – 13
5. Baldivis – 12

Perth’s highest sale price: Dalkeith – $3,400,888

Perth’s lowest sale price: Rockingham – $280,000

There were 3,359 properties for sale in Perth at the end of last week, which is 1.5 per cent higher than the previous week. This can be attributed to house listings increasing 1.7 per cent compared to the week prior, unit listings increasing 1.0 per cent and listings for vacant land increasing 1.7 per cent.

Last week's total figure of properties available for sale is 2.2 per cent higher than four weeks ago but 35.5 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,295 properties for rent in Perth at the end of last week, which is 5.4 per cent down on the week prior. Last week's rental listings figure is 10.6 per cent lower than four weeks ago but 34.9 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 21
2. East Perth – 15
3. Baldivis – 13
4. Scarborough – 13
5. Como – 12

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