weekly market snapshot
Perth weekly market snapshot for the week ending 21 January 2024
Last week, Perth's real estate market saw a slight dip, with sales transactions decreasing by 3.8% compared to the previous week. With a total of 792 transactions during this period.
Last week in Perth, sales transactions dipped by 3.8% compared to the previous week, totaling 792 transactions. House sales decreased by 8.3%, while unit sales increased by 7.1%, with land sales remaining steady.
Top performing suburbs – sales
Rockingham – 17
Como – 16
Ellenbrook – 15
Perth – 12
East Perth – 11
Perth’s most expensive sale: Wannanup – $1,900,000
Perth’s most affordable sale: Furnissdale – $179,000
Perth saw 3,860 properties for sale last week, holding steady from the previous week. House listings rose by 1.0%, while vacant land listings increased by 2.5%. However, unit listings experienced a 4.1% decrease.
The total properties available for sale last week increased by 5.8% compared to four weeks ago, yet remained 45.9% lower than a year ago, indicating continued market stability amidst fluctuating trends.
In Perth's rental market, the number of properties for rent decreased by 2.0% last week, yet remained 28.9% higher than four weeks ago and 2.7% higher than a year ago, reflecting ongoing fluctuations in rental supply amidst evolving market conditions.
Top performing suburbs – rentals
East Perth – 19
Maylands – 18
Perth – 18
Subiaco – 13
Rivervale – 11
597 properties leased last week, which is 14.7 per cent lower than the previous week, 317.5 per cent higher than four weeks ago and 4.6 per cent higher than a year ago.