weekly market snapshot
Perth weekly market snapshot for the week ending 23 February 2025
Sales activity in Perth declined by 3.8 per cent last week compared to the previous week, with REIWA members recording a total of 944 property transactions. Breaking it down further, house sales dipped by 3.4 per cent week-on-week, unit sales saw a sharper fall of 18 per cent, while land sales surged, jumping 45.8 per cent over the same period.
Top performing suburbs – sales
- Scarborough – 20
- Baldivis – 18
- Perth – 14
- East Perth – 13
- Gosnells – 12
Perth’s most expensive sale:
Carine – $4,150,000
Perth’s most affordable sale:
Bellevue – $430,000
At the end of last week, there were 4,986 properties listed for sale in Perth—representing a 1.8 per cent decline from the previous week. This drop was largely driven by a 3.1 per cent fall in house listings, while unit listings edged up by 0.8 per cent and vacant land listings held steady.
Compared to four weeks ago, the total number of properties for sale went down by 1.2 per cent, but remains 34.2 per cent higher than at the same time last year.
Turning to the rental market, REIWA members reported 2,263 properties available for rent in Perth at the end of last week. This marks a 1.1 per cent rise from the previous week, a 6.2 per cent increase compared to a month ago, and a notable 10.7 per cent jump year-on-year.
Top performing suburbs – rentals
- Perth – 29
- East Perth – 21
- Baldivis – 19
- Rivervale – 13
- Armadale – 12
684 properties leased last week, which is 10.1 per cent higher than the previous week, 10 per cent higher than four weeks ago and 10.3 per cent higher than a year ago.