Perth weekly market snapshot for the week ending 23 March 2025
24 March 2025"Sales transactions in Perth last week were down 4 per cent on the previous week, with REIWA members reporting 903 transactions."
Sales transactions in Perth last week were down 4 per cent on the previous week, with REIWA members reporting 903 transactions. A closer look shows house sales were up 4.9 per cent compared to the week prior, unit sales were down 26.5 per cent and land sales were down 16.7 per cent.
Top performing suburbs – sales
1. Baldivis – 19
2. Byford – 14
3. Gosnells – 12
4. Nollamara – 12
5. Perth – 12
Perth’s highest sale price: Wembley – $2,600,000
Perth’s lowest sale price: Wembley – $355,000
There were 5,138 properties for sale in Perth at the end of last week, which is 1.8 per cent higher than the previous week. This can be attributed to house listings increasing 1.1 per cent compared to the week prior, unit listings increasing 2.3 per cent and listings for vacant land increasing 4.4 per cent.
Last week's total figure of properties available for sale is 1 per cent higher than four weeks ago and 29.9 per cent higher than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,151 properties for rent in Perth at the end of last week, which is 1 per cent up on the week prior. Last week's rental listings figure is 6.3 per cent higher than four weeks ago and 16.9 per cent higher than a year ago.
Top performing suburbs – rentals
1. Perth – 26
2. Baldivis – 16
3. East Perth – 16
4. South Perth – 15
5. Bassendean – 11
REIWA members reported 663 properties leased last week, which is 6.3 per cent higher than the previous week, 5.2 per cent lower than four weeks ago and 5.1 per cent higher than a year ago.
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