weekly market snapshot
Perth weekly market snapshot for the week ending 11 August 2024
Sales transactions in Perth last week increased by 4.2 per cent compared to the previous week, with 871 transactions reported.
Sales transactions in Perth last week rose by 4.2 per cent from the previous week, with REIWA members reporting 871 transactions. A closer look reveals that house sales increased by 3.6 per cent, unit sales surged by 19.5 per cent, while land sales declined by 22.8 per cent.
Top performing suburbs – sales
1. Perth – 16
2. Mandurah – 14
3. Armadale – 13
4. Baldivis – 13
5. Clarkson – 11
Perth’s most expensive sale:
Perth – $2,700,000
Perth’s most affordable sale:
Pinjarra – $240,000
There were 3,310 properties for sale in Perth at the end of last week, a 1.3 per cent increase from the previous week. This rise was driven by a 2.6 per cent increase in house listings, while unit listings fell by 1.7 per cent and vacant land listings grew by 2.2 per cent.
Last week's total properties for sale were 2.5 per cent higher than four weeks ago but 37.3 per cent lower than the same time last year.
In Perth's rental market, there were 2,426 properties available for rent at the end of last week, marking a 3.7 per cent decrease from the previous week. However, this figure is 6.5 per cent lower than four weeks ago but 32.4 per cent higher than a year earlier.
Top performing suburbs – rentals
1. East Perth – 18
2. Baldivis – 17
3. Perth – 15
4. Mandurah – 13
5. Maylands – 12
706 properties were leased last week, which is 11 per cent higher than the previous week, 7.6 per cent higher than four weeks ago and 19.3 per cent higher than a year ago.