Perth weekly market snapshot for the week ending 30 June 2024

weekly market snapshot

Perth weekly market snapshot for the week ending 30 June 2024

Sales transactions in Perth last week decreased by 3.2 per cent compared to the previous week, with 868 transactions.

Sales transactions in Perth last week were down 3.2 per cent compared to the previous week, with REIWA members reporting 868 transactions. A closer look reveals house sales were up 1.9 per cent, unit sales increased by 2.1 per cent, while vacant land sales dropped by 37 per cent.

Top performing suburbs – sales

Perth – 15
Mandurah – 14
Rivervale – 13
East Perth – 12
Como – 11

Perth’s most expensive sale: Bassendean – $5,500,000
Perth’s most affordable sale: West Perth – $325,000

There were 3,367 properties for sale in Perth at the end of last week, a 3.8 per cent increase from the previous week. This rise can be attributed to house listings increasing by 2.6 per cent and unit listings increasing by 8.6 per cent, while listings for vacant land decreased by 1.1 per cent.

Last week's total number of properties available for sale is 3 per cent higher than four weeks ago but 36.8 per cent lower than the levels seen a year ago.

In Perth's rental market, there were 2,475 properties available for rent at the end of last week, which is 1.9 per cent lower than the previous week. Last week's rental listings are 2.9 per cent higher than four weeks ago and 17.3 per cent higher than a year ago.

Top performing suburbs – rentals

Perth – 32
East Perth – 22
Maylands – 18
Baldivis – 15
Scarborough – 14

There were 741 properties leased last week, which is 7.7 per cent higher than the previous week, 9.9 per cent higher than four weeks ago, and 7.4 per cent higher than a year ago.