Perth weekly market snapshot for the week ending 12 May 2024

Perth weekly market snapshot for the week ending 12 May 2024

Perth weekly market snapshot for the week ending 12 May 2024

Perth weekly market snapshot for the week ending 12 May 2024

weekly market snapshot

Perth weekly market snapshot for the week ending 12 May 2024

Sales transactions in Perth last week dropped by 5.7 per cent compared to the previous week, with 918 transactions.

Sales transactions in Perth last week were down 5.7 per cent compared to the previous week, with REIWA members reporting 918 transactions. A closer look reveals house sales dropped by 6.4 per cent and unit sales decreased by 16.3 per cent, while land sales increased by 34.2 per cent.

Top performing suburbs – sales

Ellenbrook – 18
East Perth – 17
Scarborough – 17
Baldivis – 16
Rivervale – 14

Perth’s most expensive sale: Mount Claremont – $4,600,000
Perth’s most affordable sale: Mandurah – $250,000

There were 3,534 properties for sale in Perth at the end of last week, a number similar to the previous week. This stability can be attributed to a 1.1 per cent decrease in house listings, a 3.7 per cent increase in unit listings, and a 5.6 per cent decrease in vacant land listings.

Compared to four weeks ago, the total number of properties available for sale is down by 4.9 per cent, and 42.6 per cent lower than the levels seen a year ago.

In Perth's rental market, 2,259 properties were available for rent in Perth at the end of last week, reflecting a 1.9 per cent increase from the previous week. Last week's rental listings are 10.5 per cent higher than four weeks ago and 10.4 per cent higher than a year ago.

Top performing suburbs – rentals

Maylands – 19
Perth – 18
Baldivis – 16
East Perth – 14
Fremantle – 11

Last week, 643 properties were leased, which is 2.4 per cent lower than the previous week, 2.7 per cent higher than four weeks ago, and 3.4 per cent higher than a year ago.