Perth weekly market snapshot for the week ending 8 September 2024

Sales transactions in Perth last week were up 7 per cent on the previous week, with REIWA members reporting 877 transactions. A closer look shows house sales were the same as the week prior and unit sales were almost the same but land sales were up 131.8 per cent.

Top performing suburbs – sales

1. Baldivis – 17
2. Scarborough – 16
3. South Perth – 15
4. Como – 14
5. Canning Vale – 12

Perth’s highest sale price: Scarborough – $2,215,000

Perth’s lowest sale price: Forrestfield – $230,000

There were 3,755 properties for sale in Perth at the end of last week, which is 3.2 per cent higher than the previous week. This can be attributed to house listings increasing 5.3 per cent compared to the week prior and unit listings increasing 3 per cent while listings for vacant land decreased 4.6 per cent.

Last week's total figure of properties available for sale is 13.4 per cent higher than four weeks ago but 26.1 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,158 properties for rent in Perth at the end of last week, which is 1.5 per cent down on the week prior. Last week's rental listings figure is 11 per cent lower than four weeks ago but 31 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 19
2. Baldivis – 16
3. East Perth – 16
4. South Perth – 13
5. Maylands – 12

REIWA members reported 637 properties leased last week, which is 6.9 per cent lower than the previous week and 9.3 per cent lower than four weeks ago but 13.1 per cent higher than a year ago.

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