Perth weekly market snapshot for the week ending 9 June 2024

weekly market snapshot

Perth weekly market snapshot for the week ending 9 June 2024

Sales transactions in Perth last week were down 8 per cent compared to the previous week, with 821 transactions.

Sales transactions in Perth last week were down 8 per cent on the previous week, with 821 transactions. A closer look shows house sales were down 9.6 per cent compared to the week prior, and unit sales were down 7.9 per cent, while land sales were up 5.6 per cent.

Top performing suburbs – sales

Midland – 27
Armadale – 14
East Perth – 13
Perth – 13
Baldivis – 11

Perth’s most expensive sale: Claremont – $2,890,000
Perth’s most affordable sale: Perth – $340,000

There were 3,251 properties for sale in Perth at the end of last week, which is similar to the previous week. This can be attributed to house listings increasing by 1.7 per cent compared to the week prior, unit listings decreasing by 1.8 per cent, and listings for vacant land decreasing by 7.4 per cent.

Last week's total figure of properties available for sale is 8 per cent lower than four weeks ago and 40.9 per cent lower than levels seen a year ago.

In Perth's rental market, there were 2,484 properties for rent in Perth at the end of last week, which is 3.3 per cent up on the week prior. Last week's rental listings figure is 10 per cent higher than four weeks ago and 15 per cent higher than a year ago.

Top performing suburbs – rentals

Perth – 21
East Perth – 17
Baldivis – 16
Armadale – 12
Rivervale – 11

583 properties were leased last week, which is 13.9 per cent lower than the previous week and 8.6 per cent lower than four weeks ago, but 14.3 per cent higher than a year ago.