Perth weekly market snapshot for the week ending 29 September 2024

Sales transactions in Perth last week were down 0.9 per cent on the previous week, with REIWA members reporting 811 transactions. A closer look shows house sales were similar to the week prior while unit sales were down 13.4 per cent and land sales were up 27.3 per cent.

Top performing suburbs – sales

1. Baldivis – 14
2. East Perth – 13
3. Ellenbrook – 13
4. Maylands – 12
5. Byford – 11

Perth’s lowest sale price: Fremantle – $340,000

There were 4,054 properties for sale in Perth at the end of last week, which is 1.2 per cent higher than the previous week. This can be attributed to house listings increasing 1.2 per cent compared to the week prior and unit listings increasing 2 per cent while listings for vacant land were unchanged.

Last week's total figure of properties available for sale is 11.5 per cent higher than four weeks ago but 17.2 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,088 properties for rent in Perth at the end of last week, which is 2.8 per cent up on the week prior. Last week's rental listings figure is 4.7 per cent lower than four weeks ago but 24.4 per cent higher than a year ago.

Top performing suburbs – rentals

1. Baldivis – 21
2. Perth – 13
3. East Perth – 12
4. South Perth – 12
5. Rivervale – 11

REIWA members reported 514 properties leased last week, which is 18.4 per cent lower than the previous week and 24.5 per cent lower than four weeks ago but 7.5 per cent higher than a year ago.

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