weekly market snapshot
Perth weekly market snapshot for the week ending 5 January 2025
Sales transactions in Perth declined by 8% last week compared to the previous week, with REIWA members reporting 301 transactions. Breaking it down further, house sales dropped by 10.3%, and unit sales decreased by 9%. However, land sales saw a significant increase of 33.3%.
Top performing suburbs – sales
- Baldivis – 7
- Scarborough – 7
- South Perth – 6
- Ellenbrook – 5
- Halls Head – 5
Perth’s most expensive sale:
Shelley – $2,150,000
Perth’s most affordable sale:
Mount Hawthorn – $630,000
At the end of last week, there were 4,307 properties for sale in Perth, reflecting a 6% decline from the previous week. This drop is attributed to house listings falling by 5.8%, unit listings by 7.6%, and vacant land listings by 4.2%. Compared to four weeks ago, the total number of properties for sale is 22.5% lower but remains 18.6% higher than the same time last year.
In the rental market, REIWA members reported 1,934 properties available for rent in Perth, marking a 7.1% increase from the previous week. Despite this weekly rise, rental listings are 14.3% lower than four weeks ago but 6% higher than a year ago.
Top performing suburbs – rentals
- Baldivis – 7
- Bayswater – 6
- East Perth – 6
- Innaloo – 6
- Perth – 6
244 properties leased last week, which is 6.6 per cent higher than the previous week but 62.1 per cent lower than four weeks ago and 20.5 per cent lower than a year ago.