weekly market snapshot
Perth weekly market snapshot for the week ending 29 September 2024
Sales transactions in Perth last week dropped by 0.9 per cent compared to the previous week, with 811 transactions.
Sales transactions in Perth last week declined by 0.9 per cent compared to the previous week, with REIWA members recording 811 transactions. A closer breakdown shows that house sales remained steady, unit sales dropped by 13.4 per cent, while land sales increased by 27.3 per cent.
Top performing suburbs – sales
Baldivis – 14
East Perth – 13
Ellenbrook – 13
Maylands – 12
Byford – 11
Perth’s most expensive sale:
Applecross – $6,200,000
Perth’s most affordable sale:
Fremantle – $340,000
At the end of last week, there were 4,054 properties for sale in Perth, marking a 1.2 per cent increase from the previous week. This rise is due to house listings going up by 1.2 per cent, unit listings rising by 2 per cent, while listings for vacant land remained unchanged.
Last week’s total number of properties available for sale in Perth was 11.5 per cent higher than four weeks ago but 17.2 per cent lower than the levels recorded a year ago.
In Perth’s rental market, there were 2,088 properties available for rent in Perth at the end of last week, a 2.8 per cent increase from the previous week. However, this figure is 4.7 per cent lower than four weeks ago but 24.4 per cent higher compared to the same period last year.
Top performing suburbs – rentals
Baldivis – 21
Perth – 13
East Perth – 12
South Perth – 12
Rivervale – 11
A total of 514 properties were leased in Perth last week, which is an 18.4 per cent decrease compared to the previous week and 24.5 per cent lower than four weeks ago. However, the figure is 7.5 per cent higher than the same period last year.