Perth weekly market snapshot for the week ending 6 October 2024

Sales transactions in Perth last week were up 9 per cent on the previous week, with REIWA members reporting 874 transactions. A closer look shows house sales were up 1.2 per cent compared to the week prior, unit sales were up 17.9 per cent and land sales were up 52.2 per cent.

Top performing suburbs – sales

1. Perth – 16
2. Baldivis – 13
3. Mandurah – 11
4. Balcatta – 10
5. Balga – 10

Perth’s lowest sale price: Burswood – $400,000

There were 4,280 properties for sale in Perth at the end of last week, which is 5.6 per cent higher than the previous week. This can be attributed to house listings increasing 7.8 per cent compared to the week prior and unit listings increasing 6.2 per cent while listings for vacant land decreased 5.9 per cent.

Last week's total figure of properties available for sale is 14 per cent higher than four weeks ago but 15.3 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,024 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 6.2 per cent lower than four weeks ago but 19.7 per cent higher than a year ago.

Top performing suburbs – rentals

1. Baldivis – 16
2. Perth – 14
3. East Perth – 12
4. Alkimos – 11
5. Ellenbrook – 11

REIWA members reported 629 properties leased last week, which is 23.8 per cent higher than the previous week, similar to four weeks ago and 9 per cent higher than a year ago.

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