weekly market snapshot
Perth weekly market snapshot for the week ending 14 July 2024
Sales transactions in Perth last week were down 26.2 per cent compared to the previous week, with 779 transactions.
Sales transactions in Perth last week were down 26.2 percent on the previous week, with 779 transactions reported. A closer look shows house sales were down 8.3 percent compared to the week prior, unit sales were down 39.8 percent, and land sales were down 81.9 percent.
Top performing suburbs – sales
Halls Head – 13
Baldivis – 12
Scarborough – 12
Thornlie – 11
Dianella – 10
Perth’s most expensive sale:
Trigg – $3,250,000
Perth’s most affordable sale:
Furnissdale – $178,000
There were 3,228 properties for sale in Perth at the end of last week, which is 2.7 per cent higher than the previous week. This increase can be attributed to house listings rising by 0.4 per cent, unit listings increasing by 3.2 per cent, and listings for vacant land growing by 12.4 per cent compared to the week prior.
Last week's total figure of properties available for sale is 0.8 per cent lower than four weeks ago and 37.8 per cent lower than levels seen a year ago.
In Perth's rental market, there were 2,595 properties available for rent at the end of last week, which is 0.1 per cent down from the week prior. Last week's rental listings figure is 4.6 per cent higher than four weeks ago and 29.1 per cent higher than a year ago.
Top performing suburbs – rentals
Perth – 31
Baldivis – 16
Como – 15
Victoria Park – 14
Eglinton – 13
664 properties were leased last week, which is 3.1 per cent higher than the previous week, 3.2 per cent lower than four weeks ago, and 3.8 per cent lower than a year ago.