Last week, sales transactions in Perth experienced a decline

Sales transactions in Perth recorded a 5.4% decrease compared to the previous week, with REIWA members reporting a total of 949 transactions.

weekly market snapshot

Perth weekly market snapshot for the week ending 12 Nov 2023

Last week's sales transactions in Perth declined by 5.4% from the previous week, as reported, totaling 949 transactions. Examining the data reveals a 3.6% decrease in house sales, an 8.8% dip in unit sales, and a 10.6% drop in vacant land sales compared to the week prior.

Top performing suburbs – sales

Baldivis – 20
Armadale – 14
Mandurah – 13
Perth – 12
Rockingham - 12

Perth’s most expensive sale: North Claremont - $4,000,000
Perth’s most affordable sale: Furnissdale - $199,000

At the end of last week, there were 4,921 properties for sale in Perth, maintaining a similar number to the previous week. This stability is due to house listings remaining consistent, a 1.3% increase in unit listings, and a 1% decrease in vacant land listings.

Comparing to four weeks ago, the total figure of properties available for sale is 1.8% lower. Moreover, this number is significantly down by 42.9% compared to the levels seen a year ago.

At the end of last week, 1,904 properties available for rent in Perth, reflecting a 4.4% increase compared to the previous week. This surge is part of a trend, with rental listings showing an 11.5% rise over the past four weeks and a 4% increase from the same period last year.

Top performing suburbs – rentals

Perth – 20
Rivervale – 13
Scarborough – 13
Maylands – 12
Nollamara – 12

Last week, leasing 586 properties, marking a 4.5% increase from the previous week. However, compared to four weeks ago, there is a 5.6% decline and a notable 10% drop from the leasing figures recorded a year ago.