weekly market snapshot
Perth weekly market snapshot for the week ending 04 August 2024
Sales transactions in Perth last week were down 1.1 per cent compared to the previous week, with 841 transactions.
Sales transactions in Perth last week were down 1.1 per cent from the previous week, with REIWA members reporting 841 transactions. A closer look reveals that house sales decreased by 7.5 per cent, unit sales remained stable, and land sales surged by 70.4 per cent.
Top performing suburbs – sales
Nollamara – 20
Ellenbrook – 16
Perth – 16
East Perth – 13
Armadale – 11
Perth’s most expensive sale:
Claremont – $5,100,000
Perth’s most affordable sale:
Perth – $375,000
There were 3,266 properties for sale in Perth at the end of last week, representing a 0.6 per cent decrease from the previous week. This change is due to house listings remaining stable, unit listings increasing by 1.8 per cent, and vacant land listings decreasing by 6.3 per cent.
Last week's total number of properties available for sale was 3.9 per cent higher than four weeks ago but remains 36.9 per cent lower compared to the same time last year.
In Perth's rental market, there were 2,518 properties available for rent at the end of last week, a slight increase from the previous week. However, this figure is 3 per cent lower than four weeks ago but 34.4 per cent higher compared to a year ago.
Top performing suburbs – rentals
Perth – 24
Baldivis – 21
East Perth – 17
Scarborough – 13
Rivervale – 12
637 properties were leased last week, marking a 9.9 per cent decrease from the previous week and a 1.1 per cent decrease from four weeks ago. However, this figure is 9.3 per cent higher compared to the same time last year.