weekly market snapshot
Perth weekly market snapshot for the week ending 18 August 2024
Sales transactions in Perth last week increased by 0.9 per cent compared to the previous week, with 870 transactions.
Sales transactions in Perth last week rose by 0.9 per cent on the previous week, with REIWA members reporting 870 transactions. A breakdown reveals house sales were up 3.7 per cent compared to the week prior, while unit sales dropped 6.3 per cent and land sales increased by 1.4 per cent.
Top performing suburbs – sales
1. Como – 21
2. Ellenbrook – 14
3. Perth – 14
4. Rockingham – 13
5. Baldivis – 12
Perth’s most expensive sale:
Dalkeith – $3,400,888
Perth’s most affordable sale:
Rockingham – $280,000
There were 3,359 properties for sale in Perth at the end of last week, marking a 1.5 per cent increase from the previous week. This rise was due to house listings going up by 1.7 per cent, unit listings increasing by 1.0 per cent, and vacant land listings growing by 1.7 per cent.
Last week's total number of properties available for sale is 2.2 per cent higher than four weeks ago but remains 35.5 per cent lower than the levels recorded a year ago.
In Perth's rental market, there were 2,295 properties available for rent at the end of last week, which is 5.4 per cent down on the week prior. Last week's rental listings figure is 10.6 per cent lower than four weeks ago but 34.9 per cent higher than a year ago.
Top performing suburbs – rentals
1. Perth – 21
2. East Perth – 15
3. Baldivis – 13
4. Scarborough – 13
5. Como – 12