Perth weekly market snapshot for the week ending 7 July 2024

Perth weekly market snapshot for the week ending 7 July 2024

Perth weekly market snapshot for the week ending 7 July 2024

Perth weekly market snapshot for the week ending 7 July 2024

weekly market snapshot

Perth weekly market snapshot for the week ending 7 July 2024

Sales transactions in Perth last week increased by 25 per cent compared to the previous week, with 1,071 transactions.

Sales transactions in Perth last week increased by 25 per cent compared to the previous week, with REIWA members reporting 1,071 transactions. A closer look reveals house sales were up by 12.5 per cent, unit sales increased by 35.2 per cent, and land sales surged by 97.3 per cent.

Top performing suburbs – sales

Baldivis – 23
Perth – 19
Ellenbrook – 16
Rivervale – 15
Nollamara – 14

Perth’s most expensive sale: Trigg – $3,250,000
Perth’s most affordable sale: Furnissdale – $178,000

There were 3,144 properties for sale in Perth at the end of last week, which is 6.6 per cent lower than the previous week. This decline can be attributed to house listings decreasing by 5 per cent, unit listings decreasing by 9.1 per cent, and listings for vacant land decreasing by 8.6 per cent compared to the previous week.

Last week's total number of properties available for sale is 3.3 per cent lower than four weeks ago and 39.8 per cent lower than levels seen a year ago.

In Perth's rental market, there were 2,597 properties available for rent at the end of last week, which is 4.9 per cent higher than the previous week. Last week's rental listings figure is 4.5 per cent higher than four weeks ago and 22.4 per cent higher than a year ago.

Top performing suburbs – rentals

Perth – 21
Baldivis – 13
East Perth – 13
South Perth – 13
Armadale – 12

There were 645 properties leased last week, which is 12.6 per cent lower than the previous week but 11.2 per cent higher than four weeks ago and 2.2 per cent higher than a year ago.