Sales transactions decreased by 2% compared to the previous week. A total of 995 transactions, indicating a minor adjustment in the city's property activity.

Perth weekly market snapshot for the week ending 10 December 2023

weekly market snapshot

Perth weekly market snapshot for the week ending 10 Ded 2023

Sales transactions in Perth last week dipped by 2%, totaling 995 transactions. Breaking it down further, house sales saw a 4.9% decrease from the week prior, while unit sales were down by 1.4%, and vacant land sales experienced a notable 17.2% increase compared to the previous week.

Top performing suburbs – sales

Baldivis – 20
Mandurah – 14
Rockingham – 14
Scarborough – 14
Armadale – 12

Perth’s most expensive sale: Cottesloe – $9,080,000
Perth’s most affordable sale: Hamilton Hill – $217,500

At the close of last week, the Perth real estate market saw 4,730 properties for sale, a figure relatively similar to the previous week. The balance was influenced by a 2.1% decrease in house listings, a 1.3% increase in unit listings, and relatively stable vacant land listings compared to the week prior.

The total number of properties available for sale last week marked a 3.5% decrease compared to four weeks ago and a substantial 43.4% drop from the levels observed a year ago. This trend reflects a notable reduction in inventory over the past month and year in the Perth real estate market.

In Perth's rental market, 1,970 properties for rent at the end of last week, indicating a 2.1% increase from the week prior. Last week's rental listings figure is notably higher, marking an 8% increase compared to four weeks ago and a 1.9% rise from a year ago, illustrating the evolving dynamics of Perth's rental landscape.

Top performing suburbs – rentals

Perth – 20
Maylands – 15
Mandurah – 13
Scarborough – 13
Baldivis – 12

Last week, leased 647 properties, a figure similar to the previous week. However, this marks a notable 15.5% increase compared to four weeks ago and a 3.0% rise from a year ago, indicating positive momentum in Perth's rental market.