Perth weekly market snapshot for the week ending 6 August 2023

Sales transactions in Perth last week were similar to the week prior, with REIWA members reporting 835 transactions. A closer look shows house sales decreased 4.5 per cent while unit sales increased by 13.6 per cent and vacant land sales increased by 10.8 per cent.

There were 5,178 properties for sale in Perth at the end of last week, which is 1.5 per cent lower than the previous week. This can be attributed to listings for houses declining 1.1 per cent, unit listings decreasing 2.0 per cent and vacant land listings decreasing 1.7 per cent.

Last week's total figure of properties available for sale is 0.8 per cent lower than levels seen four weeks ago and 38.8 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 1,874 properties for rent in Perth at the end of last week, which is almost the same as the previous week. Last week's rental listings figure is 11.6 per cent lower than four weeks ago and 13.4 per cent lower than a year ago.

REIWA members reported 590 properties leased last week, which is 10.7 per cent lower than the previous week, 7.1 per cent lower than four weeks ago and 13.7 per cent lower than a year ago.

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