weekly market snapshot
Perth weekly market snapshot for the week ending 3 November 2024
Last week, sales transactions in Perth increased by 12.9 percent compared to the previous week, with 1,024 transactions reported. A closer look reveals that house sales saw a 9.1 percent rise, while unit sales surged by 24.6 percent, and land sales grew by 14.3 percent.
Top performing suburbs – sales
Como – 18
Baldivis – 18
Perth – 17
Maylands – 16
Bayswater – 15
Perth’s most expensive sale:
Dalkeith – $3,780,000
Perth’s most affordable sale:
Rockingham – $289,000
At the end of last week, there were 4,996 properties for sale in Perth, representing a 1.4 percent increase from the previous week. This rise was driven by a 3 percent increase in house listings, while unit listings remained stable, and vacant land listings decreased by 4.3 percent.
Compared to four weeks ago, the total number of properties for sale is 16.7 percent higher and 3 percent higher than the same period last year.
In Perth’s rental market, 1,941 properties were available for rent last week, which is 1.4 percent higher than the previous week. Rental listings are down 4.1 percent compared to four weeks ago but 11.6 percent higher than this time last year.
Top performing suburbs – rentals
Baldivis – 23
Perth – 20
East Perth – 17
Rivervale – 10
Victoria Park – 10
601 properties leased last week, which is 1.3 per cent lower than the previous week, 3.5 per cent lower than four weeks ago and 2 per cent lower than a year ago.