Perth weekly market snapshot for the week ending 28 January 2024

Sales transactions in Perth last week were 3.8 per cent lower than the previous week, with REIWA members reporting 792 transactions. A closer look shows house sales were 8.3 per cent lower than the week prior, unit sales were up 7.1 per cent and land sales were the same as the previous week.

Top performing suburbs – sales

1. Rockingham – 17
2. Como – 16
3. Ellenbrook – 15
4. Perth – 12
5. East Perth – 11

Perth’s highest sale price: Wannanup – $1,900,000

Perth’s lowest sale price: Furnissdale – $179,000

There were 3,860 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 1.0 per cent compared to the week prior and vacant land listings increasing 2.5 per cent, while unit listings decreased 4.1 per cent.

Last week's total figure of properties available for sale is 5.8 per cent higher than four weeks ago and 45.9 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 1,957 properties for rent in Perth at the end of last week, which is 2.0 per cent lower than the week prior. Last week's rental listings figure is 28.9 per cent higher than four weeks ago and 2.7 per cent higher than a year ago.

Top performing suburbs – rentals

1. East Perth – 19
2. Maylands – 18
3. Perth – 18
4. Subiaco – 13
5. Rivervale – 11

REIWA members reported 597 properties leased last week, which is 14.7 per cent lower than the previous week, 317.5 per cent higher than four weeks ago and 4.6 per cent higher than a year ago.

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