Perth weekly market snapshot for the week ending 23 June 2024

weekly market snapshot

Perth weekly market snapshot for the week ending 23 June 2024

Sales transactions in Perth last week increased by 11.4 per cent compared to the previous week, with a total of 911 transactions.

Sales transactions in Perth last week increased by 11.4 per cent compared to the previous week, with REIWA members reporting 911 transactions. A closer look reveals house sales were up by 4.9 per cent, unit sales increased by 2.1 per cent, and land sales doubled, showing a 100 per cent rise.

Top performing suburbs – sales

Perth – 18
Ellenbrook – 13
Baldivis – 12
Joondalup – 12
Yanchep – 11

Perth’s most expensive sale: The Vines – $3,000,000
Perth’s most affordable sale: Morley – $512,000

There were 3,245 properties for sale in Perth at the end of last week, a figure similar to the previous week. This stability is due to a 0.8 per cent increase in house listings, a 0.9 per cent decrease in unit listings, and a 3.3 per cent decrease in listings for vacant land.

Last week's total number of properties available for sale is 5.6 per cent lower than four weeks ago and 40.5 per cent lower than levels seen a year ago.

In Perth's rental market, there were 2,524 properties available for rent at the end of last week, marking a 1.7 per cent increase from the previous week. Last week's rental listings are 4.6 per cent higher than four weeks ago and 15.3 per cent higher than a year ago.

Top performing suburbs – rentals

Perth – 20
Baldivis – 16
Maylands – 16
Armadale – 15
East Perth – 15

There were 691 properties leased last week, a number similar to the previous week. This figure is 1.9 per cent higher than four weeks ago and 6.1 per cent higher than a year ago.