Perth weekly market snapshot for the week ending 23 June 2024

Sales transactions in Perth last week were up 11.4 per cent on the previous week, with REIWA members reporting 911 transactions. A closer look shows house sales were up 4.9 per cent compared to the week prior, unit sales were up 2.1 per cent and land sales were up 100 per cent.

Top performing suburbs – sales

1. Perth – 18
2. Ellenbrook – 13
3. Baldivis – 12
4. Joondalup – 12
5. Yanchep – 11

Perth’s highest sale price: The Vines – $3,000,000

Perth’s lowest sale price: Morley – $512,000

There were 3,245 properties for sale in Perth at the end of last week, which is similar to the previous week. This can be attributed to house listings increasing 0.8 per cent compared to the week prior, unit listings decreasing 0.9 per cent and listings for vacant land decreasing 3.3 per cent.

Last week's total figure of properties available for sale is 5.6 per cent lower than four weeks ago and 40.5 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,524 properties for rent in Perth at the end of last week, which is 1.7 per cent up on the week prior. Last week's rental listings figure is 4.6 per cent higher than four weeks ago and 15.3 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 20
2. Baldivis – 16
3. Maylands – 16
4. Armadale – 15
5. East Perth – 15

REIWA members reported 691 properties leased last week, which is similar to the previous week, 1.9 per cent higher than four weeks ago and 6.1 per cent higher than a year ago.

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