weekly market snapshot
Perth weekly market snapshot for the week ending 17 November 2024
Sales transactions in Perth last week fell by 1.9% compared to the previous week, with a total of 958 transactions reported. Breaking it down, house sales rose by 2.2%, and unit sales saw a significant increase of 14.4%. However, land sales experienced a steep decline, dropping by 62.6%.
Top performing suburbs – sales
- Baldivis – 22
- Perth – 18
- Scarborough – 15
- Como – 14
- Armadale – 13
Perth’s most expensive sale:
Doubleview – $2,315,000
Perth’s most affordable sale:
Hilbert – $275,000
There were 5,433 properties listed for sale in Perth at the end of last week, reflecting a 4.6% increase compared to the previous week. This rise is attributed to a 5.3% increase in house listings, a 1.7% rise in unit listings, and a 7.3% boost in vacant land listings.
The total number of properties available for sale is 14.4% higher than four weeks ago and 10.4% higher than the same period last year.
In the rental market, Perth saw 2,142 properties available for rent at the end of last week, marking a 4.6% increase from the previous week. Compared to four weeks ago, rental listings were up by 9.6% and are 12.5% higher than a year ago.
Top performing suburbs – rentals
- Baldivis – 25
- Perth – 21
- East Perth – 11
- Rivervale – 11
- Scarborough – 11
616 properties leased last week, which is 7.7 per cent higher than the previous week, 1.7 per cent higher than four weeks ago and 7.3 per cent higher than a year ago.