Perth weekly market snapshot for the week ending 16 June 2024

weekly market snapshot

Perth weekly market snapshot for the week ending 16 June 2024

Sales transactions in Perth last week saw a modest increase of 1.8 per cent compared to the previous week, reporting 828 transactions.

Sales transactions in Perth last week saw a 1.8 per cent increase compared to the previous week, with 828 transactions. Upon closer examination, house sales rose by 4.8 per cent, unit sales remained steady compared to the previous week, and land sales decreased by 13.5 per cent.

Top performing suburbs – sales

Baldivis – 16
Perth – 16
Mandurah – 14
Gosnells – 13
Rockingham – 13

Perth’s most expensive sale: Claremont – $3,999,000
Perth’s most affordable sale: Bayswater – $270,000

At the conclusion of last week, Perth had 3,253 properties for sale, a figure similar to the previous week. This stability can be attributed to house and unit listings remaining relatively unchanged, while listings for vacant land increased by 2.3 per cent.

Compared to four weeks ago, the total number of properties available for sale in Perth has decreased by 7.3 per cent, and is significantly lower by 40.1 per cent compared to the same time last year.

In Perth's rental market, there were 2,481 properties for rent at the end of last week, which remained consistent with the previous week. Last week's rental listings figure represents a 6.7 per cent increase compared to four weeks ago, and a 13.9 per cent increase compared to a year ago.

Top performing suburbs – rentals

Perth – 22
Baldivis – 21
Maylands – 18
Rivervale – 15
East Perth – 14

Last week, there were 690 properties leased in Perth, marking an increase of 18.6 per cent compared to the previous week. Additionally, this figure represents a 9.7 per cent rise compared to four weeks ago, and a 6.6 per cent increase compared to the same week last year.