weekly market snapshot
Perth weekly market snapshot for the week ending 8 September 2024
Sales transactions in Perth last week were up 7 per cent on the previous week, with 877 transactions reported.
Sales transactions in Perth last week were up 7 per cent on the previous week, with REIWA members reporting 877 transactions. A closer look shows house sales remained steady compared to the week prior, unit sales were almost unchanged, but land sales saw a significant increase of 131.8 per cent.
Top performing suburbs – sales
1. Baldivis – 17
2. Scarborough – 16
3. South Perth – 15
4. Como – 14
5. Canning Vale – 12
Perth’s most expensive sale:
Scarborough – $2,215,000
Perth’s most affordable sale:
Forrestfield – $230,000
There were 3,755 properties for sale in Perth at the end of last week, marking a 3.2 per cent increase from the previous week. This rise is due to house listings going up by 5.3 per cent and unit listings increasing by 3 per cent, while listings for vacant land decreased by 4.6 per cent.
Compared to four weeks ago, the total number of properties available for sale is up by 13.4 per cent, but it’s 26.1 per cent lower than the levels seen a year ago.
In Perth’s rental market, there were 2,158 properties available for rent at the end of last week, a 1.5 per cent decrease from the previous week. This figure is 11 per cent lower than four weeks ago but 31 per cent higher compared to a year ago.
Top performing suburbs – rentals
1. Perth – 19
2. Baldivis – 16
3. East Perth – 16
4. South Perth – 13
5. Maylands – 12
637 properties were leased last week, which is 6.9 per cent lower than the previous week and 9.3 per cent lower than four weeks ago but 13.1 per cent higher than a year ago.