Perth weekly market snapshot for the week ending 9 June 2024

Sales transactions in Perth last week were down 8 per cent on the previous week, with REIWA members reporting 821 transactions. A closer look shows house sales were down 9.6 per cent compared to the week prior and unit sales were down 7.9 per cent, while land sales were up 5.6 per cent.

Top performing suburbs – sales

1. Midland – 27
2. Armadale – 14
3. East Perth – 13
4. Perth – 13
5. Baldivis – 11

Perth’s highest sale price: Claremont – $2,890,000

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

There were 3,251 properties for sale in Perth at the end of last week, which is similar to the previous week. This can be attributed to house listings increasing 1.7 per cent compared to the week prior, unit listings decreasing 1.8 per cent and listings for vacant land decreasing 7.4 per cent.

Last week's total figure of properties available for sale is 8 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 2,484 properties for rent in Perth at the end of last week, which is 3.3 per cent up on the week prior. Last week's rental listings figure is 10 per cent higher than four weeks ago and 15 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 21
2. East Perth – 17
3. Baldivis – 16
4. Armadale – 12
5. Rivervale – 11

REIWA members reported 583 properties leased last week, which is 13.9 per cent lower than the previous week and 8.6 per cent lower than four weeks ago but 14.3 per cent higher than a year ago. 

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