Perth weekly market snapshot for the week ending 2 June 2024 featured image

weekly market snapshot

Perth weekly market snapshot for the week ending 2 June 2024

Sales transactions in Perth last week decreased by 5.9 per cent compared to the previous week, with 901 transactions.

Sales transactions in Perth last week were down 5.9 per cent compared to the previous week, with REIWA members reporting 901 transactions. A closer look shows house sales decreased by 3.5 per cent, unit sales fell by 10.4 per cent, and land sales dropped by 12.3 per cent.

Top performing suburbs – sales

Perth – 23
Baldivis – 14
Canning Vale – 14
Ellenbrook – 11
Gosnells – 11

Perth’s most expensive sale: Helena Valley – $2,625,000
Perth’s most affordable sale: East Perth – $232,000

There were 3,270 properties for sale in Perth at the end of last week, a 4.9 per cent decrease from the previous week. This decline is due to house listings decreasing by 5.1 per cent, unit listings dropping by 3.9 per cent, and vacant land listings falling by 5.9 per cent.

Last week's total number of properties available for sale is 7.9 per cent lower than four weeks ago and 41.5 per cent lower than the levels seen a year ago.

In Perth's rental market, there were 2,405 properties available for rent at the end of last week, a figure similar to the previous week. Last week's rental listings are 8.5 per cent higher than four weeks ago and 16.4 per cent higher than a year ago.

Top performing suburbs – rentals

Perth – 21
East Perth – 20
Baldivis – 18
Rivervale – 14
Mount Lawley – 12

Last week, 680 properties were leased, a number similar to the previous week. This figure is 3.7 per cent higher than four weeks ago and 23.2 per cent higher than a year ago.