Perth weekly market snapshot for the week ending 19 Nov 2023

Sales transactions in Perth last week were 5.4 per cent lower than the previous week, with REIWA members reporting 949 transactions. A closer look shows house sales were down 3.6 per cent on the week prior, unit sales were down 8.8 per cent and vacant land sales were down 10.6 per cent.

Top performing suburbs – sales

1. Baldivis – 20
2. Armadale – 14
3. Mandurah – 13
4. Perth – 12
5. Rockingham - 12

Perth’s highest sale price: Claremont - $4,000,000

Perth’s lowest sale price: Furnissdale - $199,000

There were 4,921 properties for sale in Perth at the end of last week, which is similar to the previous week. This can be attributed to listings for sale remaining similar to the week prior, unit listings increasing 1.3 per cent and vacant land listings decreasing 1 per cent.

Last week's total figure of properties available for sale is 1.8 per cent lower than four weeks ago and 42.9 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 1,904 properties for rent in Perth at the end of last week, which is 4.4 per cent higher than the week prior. Last week's rental listings figure is 11.5 per cent higher than four weeks ago and 4 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 20
2. Rivervale – 13
3. Scarborough – 13
4. Maylands – 12
5. Nollamara – 12

REIWA members reported 586 properties leased last week, which is 4.5 per cent higher than the previous week, 5.6 per cent lower than four weeks ago and 10 per cent lower than a year ago.

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