weekly market snapshot
Perth weekly market snapshot for the week ending 1 September 2024
Sales transactions in Perth last week were up 5 per cent on the previous week, with 833 transactions.
Sales transactions in Perth last week were up 5 per cent on the previous week, with REIWA members reporting 833 transactions. A closer look shows house sales were up 1.4 per cent compared to the week prior, unit sales were up 19 per cent, while land sales were down 4.1 per cent.
Top performing suburbs – sales
1. Perth – 17
2. Baldivis – 15
3. Scarborough – 14
4. Ellenbrook – 11
5. Canning Vale – 10
Perth’s most expensive sale:
Nedlands – $2,360,000
Perth’s most affordable sale:
Success – $380,000
There were 3,637 properties for sale in Perth at the end of last week, up 5 per cent from the previous week. This increase is due to house listings rising by 3.3 per cent, while unit listings remained stable, and vacant land listings surged by 22 per cent.
Last week's total number of properties for sale is 11.4 per cent higher than four weeks ago but 29.1 per cent lower than a year ago.
In Perth's rental market, there were 2,190 properties available for rent at the end of last week, which is 1.5 per cent lower from the week prior. Rental listings are 13 per cent lower than four weeks ago but 32.4 per cent higher than a year ago.
Top performing suburbs – rentals
1. Perth – 17
2. Baldivis – 16
3. South Perth – 16
4. Scarborough – 15
5. Rivervale – 13
687 properties leased last week, which is 3 per cent higher than the previous week, 8.7 per cent higher than four weeks ago and 23.1 per cent higher than a year ago.