weekly market snapshot
Perth weekly market snapshot for the week ending 15 December 2024
Sales transactions in Perth decreased by 13.1 per cent last week compared to the previous week, with REIWA members reporting a total of 889 transactions. Breaking this down further, house sales dropped by 14.1 per cent, unit sales fell by 16 per cent, while land sales increased by 3.6 per cent.
Top performing suburbs – sales
- Scarborough – 16
- East Perth – 15
- South Perth – 13
- Como – 12
- Rivervale – 12
Perth’s most expensive sale:
Mullaloo – $2,500,000
Perth’s most affordable sale:
Midland – $95,000
At the end of last week, there were 5,337 properties for sale in Perth, reflecting a 4 per cent decrease compared to the previous week. This was due to house and unit listings both declining by 4.3 per cent, while vacant land listings dropped by 1.5 per cent.
Compared to four weeks ago, the total number of properties for sale was 1.8 per cent lower, but it was 19.7 per cent higher than the same time last year.
In the rental market, REIWA members reported 2,218 properties available for rent in Perth, down 1.7 per cent from the previous week. However, rental listings were 3.5 per cent higher than four weeks ago and 20.7 per cent higher than a year ago.
Top performing suburbs – rentals
- Perth – 23
- Maylands – 14
- Baldivis – 12
- East Perth – 12
- Armadale – 11
636 properties leased last week, which is 1.2 per cent lower than the previous week, 4.3 per cent higher than four weeks ago and 11.8 per cent lower than a year ago.