Perth weekly market snapshot for the week ending 5 Nov 2023

Sales transactions in Perth last week were 18.5 per cent higher than the previous week, with REIWA members reporting 1,167 transactions. A closer look shows house sales were up 7.8 per cent on the week prior while unit sales were up 20.8 per cent and vacant land sales were up 102.5 per cent.

There were 4,852 properties for sale in Perth at the end of last week, which is 3.6 per cent lower than the previous week. This can be attributed to listings for houses declining 1.2 per cent, unit listings down 6.9 per cent and vacant land listings down by 4.4 per cent.

Last week's total figure of properties available for sale is 4 per cent lower than four weeks ago and 40.9 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 1,739 properties for rent in Perth at the end of last week, which is 1.2 per cent higher than the week prior. Last week's rental listings figure is 2.8 per cent higher than four weeks ago but 1.4 per cent lower than a year ago.

REIWA members reported 625 properties leased last week, which is 3.6 per cent higher than the previous week, 7.2 per cent higher than four weeks ago and 8.3 per cent higher than a year ago.

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