weekly market snapshot
Perth weekly market snapshot for the week ending 12 January 2025
Sales transactions in Perth surged 97 per cent last week, with REIWA members reporting 593 transactions. House sales increased by 90.5 per cent, unit sales were up 94.4 per cent, and land sales saw the largest growth, rising 175 per cent.
Top performing suburbs – sales
- Baldivis – 22
- Como – 10
- Forrestfield – 9
- Ellenbrook – 8
- Rivervale – 8
Perth’s most expensive sale:
Cottesloe – $5,300,000
Perth’s most affordable sale:
Como – $265,000
At the end of last week, there were 4,536 properties for sale in Perth, marking a 5.3 per cent increase from the previous week. This growth was driven by a 6.3 per cent rise in house listings and a 6.4 per cent increase in unit listings, while vacant land listings dipped slightly by 1.1 per cent.
Compared to four weeks ago, the total number of properties available for sale was down by 15 per cent but remained 19.6 per cent higher than the same time last year.
In the rental market, 2,291 properties were available for rent in Perth, an 18.5 per cent increase from the previous week. Rental listings were 3.3 per cent higher than four weeks ago and 17.2 per cent above the levels recorded a year ago, reflecting a steady upward trend in availability.
Top performing suburbs – rentals
- Perth – 18
- Alkimos – 17
- Baldivis – 15
- Rivervale – 12
- Byford – 11
601 properties leased last week, which is 146.3 per cent higher than the previous week but 4.8 per cent lower than four weeks ago and 2.1 per cent lower than a year ago.