weekly market snapshot
Perth weekly market snapshot for the week ending 28 July 2024
Sales transactions in Perth last week increased by 4.2 per cent compared to the previous week, with 866 transactions recorded.
Sales transactions in Perth last week rose by 4.2 per cent compared to the previous week, with REIWA members reporting 866 transactions. Breaking it down, house sales increased by 13.5 per cent and unit sales saw a 2.2 per cent rise, while land sales declined by 43 per cent.
Top performing suburbs – sales
Armadale – 17
Baldivis – 16
Gosnells – 14
Perth – 14
Canning Vale – 12
Perth’s most expensive sale:
Applecross – $11,000,000
Perth’s most affordable sale:
East Perth – $315,000
There were 3,285 properties for sale in Perth at the end of last week, showing little change from the previous week. This stability is due to a 1.9 per cent decrease in house listings and a marginal decrease in unit listings, while listings for vacant land saw a notable increase of 10.5 per cent.
Last week's total number of properties available for sale is 2.4 per cent lower than it was four weeks ago and 37.5 per cent below the levels seen a year ago.
In Perth's rental market, there were 2,507 properties available for rent at the end of last week, which is 2.4 per cent fewer than the week before. However, this figure is 1.3 per cent higher than four weeks ago and 33.6 per cent above the same time last year.
Top performing suburbs – rentals
Perth – 19
Baldivis – 18
East Perth – 18
Maylands – 15
Scarborough – 15
713 properties were leased last week, marking an 11.8 per cent increase from the previous week. This figure is 3.1 per cent lower than four weeks ago but 8.7 per cent higher compared to the same time last year.