weekly market snapshot
Perth weekly market snapshot for the week ending 22 December 2024
Sales transactions in Perth last week rose by 1.6 per cent compared to the previous week, with REIWA members reporting 896 transactions. Breaking this down, house sales increased by 7.7 per cent, unit sales decreased slightly by 1.0 per cent, and land sales saw a significant drop of 34.5 per cent.
Top performing suburbs – sales
- Perth – 17
- Scarborough – 17
- Baldivis – 13
- Rockingham – 12
- Armadale – 11
Perth’s most expensive sale:
Inglewood – $1,500,000
Perth’s most affordable sale:
Yokine – $340,000
At the end of last week, there were 4,816 properties for sale in Perth, marking a 9.8 per cent decrease from the previous week. This decline was driven by an 11.7 per cent drop in house listings and a 9.2 per cent decrease in unit listings, while listings for vacant land remained stable.
The total number of properties for sale was 14.8 per cent lower than four weeks ago but 21.1 per cent higher than the same period last year.
In the rental market, REIWA members reported 1,889 properties available for rent in Perth at the end of last week, a 14.8 per cent decrease from the previous week. Rental listings were also 15.5 per cent lower than four weeks ago but 25.1 per cent higher than the same time last year.
Top performing suburbs – rentals
- Baldivis – 28
- Perth – 22
- East Perth – 20
- Maylands – 17
- Como – 14
801 properties leased last week, which is 26.1 per cent higher than the previous week, 24.4 per cent higher than four weeks ago and 7.4 per cent higher than a year ago.