weekly market snapshot
Perth weekly market snapshot for the week ending 15 September 2024
Sales transactions in Perth last week were similar to the previous week, with 868 transactions.
Sales transactions in Perth last week were similar to the previous week, with REIWA members reporting 868 transactions. A closer look shows house sales were up 4.5 per cent compared to the week prior, and unit sales were up 1.9 per cent, while land sales were down 29.4 per cent.
Top performing suburbs – sales
1. Perth – 19
2. Gosnells – 15
3. Ellenbrook – 13
4. Mandurah – 11
5. Byford – 10
Perth’s most expensive sale:
Mount Pleasant – $3,475,000
Perth’s most affordable sale:
Forrestfield – $172,000
There were 3,857 properties for sale in Perth at the end of last week, which is 2.7 per cent higher than the previous week. This can be attributed to house listings increasing 4.2 per cent compared to the week prior and listings for vacant land increasing 1.3 per cent, while unit listings remained the same.
Last week’s total figure of properties available for sale is 14.8 per cent higher than four weeks ago but 25.5 per cent lower than levels seen a year ago.
In Perth’s rental market, there were 2,084 properties available for rent in Perth at the end of last week, which is 3.4 per cent down on the week prior. Last week’s rental listings figure is 9.2 per cent lower than four weeks ago but 25.2 per cent higher than a year ago.
Top performing suburbs – rentals
1. Baldivis – 26
2. Perth – 19
3. Rivervale – 16
4. East Perth – 14
5. Maylands – 10
660 properties leased last week, which is 3.9 per cent higher than the previous week, 7.6 per cent lower than four weeks ago and 16 per cent higher than a year ago.