weekly market snapshot
Perth weekly market snapshot for the week ending 23 February 2025
Sales transactions in Perth saw a slight increase last week, rising 2.7 per cent compared to the previous week, with REIWA members reporting 942 transactions. House sales were up 2.2 per cent, while unit sales recorded a stronger increase of 6.7 per cent. However, land sales experienced a decline of 3.9 per cent.
Top performing suburbs – sales
- East Perth – 15
- Como – 14
- Perth – 14
- Dianella – 13
- Gosnells – 12
Perth’s most expensive sale:
Shelley – $2,800,000
Perth’s most affordable sale:
Maylands – $325,000
There were 5,088 properties for sale in Perth by the end of last week, marking a 1.1 per cent increase from the previous week. This rise was due to house listings going up by 0.7 per cent, unit listings climbing 1.2 per cent, and vacant land listings growing by 3.1 per cent.
The total number of properties on the market last week was 6.2 per cent higher than four weeks ago and 24.1 per cent above the levels recorded a year earlier.
In the rental sector, REIWA members reported 2,024 properties available for rent at the end of last week, reflecting a 1.5 per cent drop compared to the previous week. Rental listings last week were down 8.8 per cent from four weeks ago but remained 16.8 per cent higher than the same period last year.
Top performing suburbs – rentals
- Perth – 29
- East Perth – 20
- Rivervale – 16
- Baldivis – 15
- Wellard – 13
707 properties leased last week, which is 3.7 per cent lower than the previous week, 11.5 per cent lower than four weeks ago and 19.8 per cent higher than a year ago.