Perth weekly market snapshot for the week ending 24 November 2024

Sales transactions in Perth last week were up 5.7 per cent on the previous week, with REIWA members reporting 1,008 transactions. A closer look shows house sales were up 6.2 per cent compared to the week prior and land sales were up 59.5 per cent, while unit sales were down 5 per cent.

Top performing suburbs – sales

1. Perth – 17
2. Baldivis – 16
3. Byford – 14
4. Halls Head – 14
5. Fremantle – 13

Perth’s highest sale price: Applecross – $4,200,000

Perth’s lowest sale price: Rockingham – $359,000

There were 5,651 properties for sale in Perth at the end of last week, which is 4 per cent higher than the previous week. This can be attributed to house listings increasing 2.8 per cent compared to the week prior, unit listings increasing 5.3 per cent and listings for vacant land increasing 8.6 per cent.

Last week's total figure of properties available for sale is 14.6 per cent higher than four weeks ago and 14.7 per cent higher than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,235 properties for rent in Perth at the end of last week, which is 4.3 per cent up on the week prior. Last week's rental listings figure is 16.7 per cent higher than four weeks ago and 12.8 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 19
2. East Perth – 15
3. Baldivis – 14
4. Byford – 14
5. Rivervale – 13

REIWA members reported 645 properties leased last week, which is 4.9 per cent higher than the previous week, 6.4 per cent higher than four weeks ago and 7.1 per cent higher than a year ago.

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