weekly market snapshot
Perth weekly market snapshot for the week ending 19 January 2025
Sales transactions in Perth last week increased by 19.9 per cent compared to the previous week, with REIWA members reporting 698 transactions. House sales saw a notable rise of 29 per cent, while unit sales grew by 14.8 per cent. In contrast, land sales declined by 33.3 per cent during the same period.
Top performing suburbs – sales
- Baldivis – 15
- Mandurah – 11
- Victoria Park – 11
- Canning Vale – 10
- Ellenbrook – 10
Perth’s most expensive sale:
Mosman Park – $2,500,000
Perth’s most affordable sale:
East Perth – $309,000
There were 4,778 properties for sale in Perth at the end of last week, marking a 5.3 per cent increase from the previous week. This rise was driven by house listings increasing by 6.1 per cent and unit listings growing by 5.8 per cent, while listings for vacant land remained relatively stable.
The total number of properties for sale last week was consistent with figures from four weeks ago but 23.7 per cent higher than the same time last year.
In the rental market, there were 2,303 properties available for rent in Perth at the end of last week, a figure similar to the previous week. Rental listings were 21.9 per cent higher than four weeks ago and 15.4 per cent above levels recorded a year ago.
Top performing suburbs – rentals
- Baldivis – 27
- Perth – 24
- East Perth – 18
- Alkimos – 16
- Mandurah – 15
783 properties leased last week, which is 31.2 per cent higher than the previous week and 13.8 per cent higher than a year ago but 1.4 per cent lower than four weeks ago.