Perth weekly market snapshot for the week ending 25 August 2024

Sales transactions in Perth last week were down 6.8 per cent on the previous week, with REIWA members reporting 805 transactions. A closer look shows house sales were down 2.7 per cent compared to the week prior, unit sales were down 10.7 per cent and land sales were down 30 per cent.

Top performing suburbs – sales

1. Armadale – 17
2. Baldivis – 15
3. Ellenbrook – 13
4. East Perth – 12
5. Perth – 12

Perth’s highest sale price: Woodlands – $1,935,000

Perth’s lowest sale price: Tuart Hill – $290,000

There were 3,465 properties for sale in Perth at the end of last week, which is 3.2 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 3.5 per cent and listings for vacant land increasing 4 per cent.

Last week's total figure of properties available for sale is 5.5 per cent higher than four weeks ago but 34.4 per cent lower than levels seen a year ago. 

In Perth's rental market, REIWA members reported there were 2,223 properties for rent in Perth at the end of last week, which is 3.1 per cent down on the week prior. Last week's rental listings figure is 11.3 per cent lower than four weeks ago and 36 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 24
2. Maylands – 16
3. Baldivis – 15
4. East Perth – 14
5. South Perth – 12

REIWA members reported 670 properties leased last week, which is 6.6 per cent lower than the previous week, 5 per cent lower than four weeks ago and 13.6 per cent higher than a year ago.

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