weekly market snapshot
Perth weekly market snapshot for the week ending 21 July 2024
Sales transactions in Perth last week were up 8.8 per cent on the previous week, with 838 transactions reported.
Sales transactions in Perth last week were up 8.8 percent on the previous week, with REIWA members reporting 838 transactions. A closer look shows house sales were down 6.3 percent compared to the week prior, unit sales were up 19.4 percent, and land sales were up 288.5 percent.
Top performing suburbs – sales
Baldivis – 20
Ellenbrook – 15
Balga – 12
Mandurah – 11
Rockingham – 11
Perth’s most expensive sale:
Watermans Bay – $2,250,000
Perth’s most affordable sale:
Leederville – $395,000
There were 3,286 properties for sale in Perth at the end of last week, which is 1.8 percent higher than the previous week. This increase can be attributed to house listings rising by 4.7 percent, unit listings increasing by 1.4 percent, while listings for vacant land decreased by 9.9 percent.
Last week's total figure of properties available for sale is 1.3 percent higher than four weeks ago and 37.7 percent lower than levels seen a year ago.
In Perth's rental market, there were 2,568 properties available for rent at the end of last week, a 1 percent decrease from the previous week. However, this figure is 1.7 percent higher than four weeks ago and has seen a significant increase of 29.4 percent compared to the same time last year.
Top performing suburbs – rentals
Baldivis – 14
East Perth – 14
Rivervale – 14
Maylands – 13
Perth – 13
642 properties were leased last week, marking a 2.9 per cent decrease from the previous week, a 6.4 per cent drop from four weeks ago, but a 6.3 per cent increase compared to a year ago.