Perth weekly market snapshot for the week ending 24 March 2024

weekly market snapshot

Perth weekly market snapshot for the week ending 24 March 2024

Sales transactions in Perth last week saw a moderate increase, rising by 4.6 percent compared to the previous week. According to reports, a total of 1,078 transactions were recorded.

Sales transactions in Perth last week experienced a modest increase, rising by 4.6 percent compared to the previous week, with a total of 1,078 transactions. A closer look reveals that house sales increased by 4.6 percent compared to the week prior, unit sales saw a larger increase of 8.5 percent, while land sales experienced a slight decrease of 4.9 percent.

Top performing suburbs – sales

East Perth – 21
Baldivis – 19
Ellenbrook – 16
Scarborough – 16
Byford – 14

Perth’s most expensive sale: South Dalkeith – $6,100,000
Perth’s most affordable sale: Furnissdale – $155,000

There were 3,954 properties for sale in Perth at the end of last week, similar to the previous week. This stability can be attributed to a 1.4 percent increase in house listings compared to the week prior, offset by a 1.6 percent decrease in unit listings and a notable 5.1 percent decrease in listings for vacant land.

Last week's total figure of properties available for sale is 3.6 percent lower than four weeks ago and 46.1 percent lower than levels seen a year ago.

In Perth's rental market, 1,840 properties for rent at the end of last week, reflecting a 1.3 percent increase compared to the week prior. Last week's rental listings figure is 6.2 percent higher than four weeks ago and 5.6 percent lower than a year ago.

Top performing suburbs – rentals

Perth – 22
East Perth – 16
Baldivis – 15
Victoria Park – 12
Maylands – 11

643 properties were leased last week, marking a 4.7 percent increase compared to the previous week. This figure is also 8.1 percent higher than four weeks ago but 3.2 percent lower than the same period a year ago.