weekly market snapshot
Perth weekly market snapshot for the week ending 13 October 2024
Sales transactions in Perth saw a 3.8 per cent increase last week, with a total of 892 transactions.
Property sales activity in Perth grew by 3.8 per cent last week, with REIWA members reporting a total of 892 transactions reported. House sales saw a 6.6 per cent rise, while unit sales surged by 29.2 per cent from the previous week. In contrast, vacant land sales experienced a significant decline of 57.7 per cent.
Top performing suburbs – sales
Rivervale – 38
Rockingham – 15
Morley – 14
Baldivis – 12
Mandurah – 12
Perth’s most expensive sale:
Dalkeith – $4,510,000
Perth’s most affordable sale:
Perth – $218,000
Perth’s property market saw 4,587 homes available for sale in Perth by the end of last week, reflecting a 7.2 per cent increase from the previous week. This rise was driven by a 9.1 per cent increase in house listings, a 3.1 per cent uptick in unit listings, and a 5.9 per cent increase in vacant land listings.
Compared to four weeks ago, the total number of properties for sale is up by 18.9 per cent, though it remains 8.9 per cent lower than the same time last year.
In the rental market, there were 1,986 properties available for rent last week, down 1.9 per cent from the previous week. Rental listings are 4.7 per cent lower than four weeks ago but remain 17.4 per cent higher than a year ago.
Top performing suburbs – rentals
Baldivis – 18
Perth – 15
East Perth – 13
Willetton – 13
Maylands – 12
614 properties leased last week, which is 1.9 per cent lower than the previous week and 6.5 per cent lower than four weeks ago but 8.5 per cent higher than a year ago.