weekly market snapshot
Perth weekly market snapshot for the week ending 20 October 2024
Sales transactions in Perth increased by 3.7 per cent last week, reaching a total of 917 transactions. House sales rose steadily, while other segments of the market also showed positive movement, contributing to the overall weekly growth.
Sales transactions in Perth rose by 3.7 per cent last week, REIWA members reporting a total of 917 transaction. House sales saw a notable increase of 13.3 per cent, while land sales also climbed by 14 per cent. In contrast, unit sales experienced a decline of 21.2 per cent compared to the previous week.
Top performing suburbs – sales
Rivervale – 18
Baldivis – 15
Ellenbrook – 14
Armadale – 13
Como – 12
Perth’s most expensive sale:
Camillo – $4,000,000
Perth’s most affordable sale:
Caversham – $275,000
At the end of last week, there were 4,751 properties available for sale in Perth, reflecting a 3.6 per cent increase from the previous week. This rise was driven by a 3.6 per cent boost in house listings and a 6.4 per cent increase in unit listings, though vacant land listings declined by 2.6 per cent.
The current total of properties for sale is 18.6 per cent higher than four weeks ago but remains 5.2 per cent lower than the same period last year.
In the rental market, Perth had 1,955 properties available for rent, a 1.6 per cent decline from the previous week. However, rental listings are 3.8 per cent lower than four weeks ago but 14.5 per cent higher than a year ago.
Top performing suburbs – rentals
Perth – 19
East Perth – 13
Baldivis – 11
Yanchep – 11
Rockingham – 10
607 properties leased last week, which is 0.7 per cent lower than the previous week, 3.5 per cent lower than four weeks ago and 1.8 per cent lower than a year ago.