weekly market snapshot
Perth weekly market snapshot for the week ending 27 October 2024
Sales transactions in Perth edged up by 1 per cent last week, totaling 914 transactions.
Sales transactions in Perth saw a 1 per cent increase last week, with 914 properties changing hands. Breaking it down, house sales dipped by 2.1 per cent from the previous week, while unit sales rose by 4.7 per cent, and land sales surged by 28.6 per cent.
Top performing suburbs – sales
Perth – 14
Baldivis – 13
Dianella – 13
Rivervale – 12
Scarborough – 12
Perth’s most expensive sale:
West Leederville – $2,200,000
Perth’s most affordable sale:
South Perth – $399,000
There were 4,929 properties for sale in Perth at the end of last week, which is 3.7 per cent higher than the previous week. This can be attributed to house listings increasing 4.3 per cent compared to the week prior, unit listings increasing 2.8 per cent and listings for vacant land increasing 2.9 per cent.
Last week’s total figure of properties available for sale is 21.6 per cent higher than four weeks ago and 2 per cent lower than levels seen a year ago.
In Perth’s rental market, REIWA members reported there were 1,915 properties for rent in Perth at the end of last week, which is 2 per cent down on the week prior. Last week’s rental listings figure is 8.3 per cent lower than four weeks ago and 11.4 per cent higher than a year ago.
Top performing suburbs – rentals
Baldivis – 21
East Perth – 19
Perth – 18
Ellenbrook – 10
Rockingham – 10
614 properties leased last week, which is 1.2 per cent higher than the previous week, 21.3 per cent higher than four weeks ago and 3 per cent higher than a year ago.