weekly market snapshot
Perth weekly market snapshot for the week ending 6 October 2024
Sales transactions in Perth saw a 9 per cent increase last week compared to the previous week, with 874 transactions.
Sales transactions in Perth saw a 9 per cent increase last week compared to the previous week, with REIWA members reporting 874 total transactions. Breaking this down, house sales rose by 1.2 per cent, unit sales jumped by 17.9 per cent, and land sales surged by 52.2 per cent.
Top performing suburbs – sales
Perth – 16
Baldivis – 13
Mandurah – 11
Balcatta – 10
Balga – 10
Perth’s most expensive sale:
Karrinyup – $1,740,000
Perth’s most affordable sale:
Burswood – $400,000
At the end of last week, there were 4,280 properties for sale in Perth, marking a 5.6 per cent increase from the previous week. This rise was driven by house listings, which grew by 7.8 per cent, and unit listings, which increased by 6.2 per cent, while vacant land listings saw a decrease of 5.9 per cent.
The total number of properties available for sale is now 14 per cent higher than four weeks ago but remains 15.3 per cent lower than the levels recorded a year ago.
In the rental market, there were 2,024 properties available for rent, reflecting a 3.1 per cent decline from the previous week. Rental listings are also 6.2 per cent lower than four weeks ago but 19.7 per cent higher than the same time last year.
Top performing suburbs – rentals
Baldivis – 16
Perth – 14
East Perth – 12
Alkimos – 11
Ellenbrook – 11
629 properties leased last week, which is 23.8 per cent higher than the previous week, similar to four weeks ago and 9 per cent higher than a year ago.