Perth weekly market snapshot for the week ending 14 July 2024

Sales transactions in Perth last week were down 26.2 per cent on the previous week, with REIWA members reporting 779 transactions. A closer look shows house sales were down 8.3 per cent compared to the week prior, unit sales were down 39.8 per cent and land sales were down 81.9 per cent.

Top performing suburbs – sales

1. Halls Head – 13
2. Baldivis – 12
3. Scarborough – 12
4. Thornlie – 11
5. Dianella – 10

Perth’s highest sale price: Halls Head – $3,800,000

Perth’s lowest sale price: Furnissdale – $195,000

There were 3,228 properties for sale in Perth at the end of last week, which is 2.7 per cent higher than the previous week. This can be attributed to house listings increasing 0.4 per cent compared to the week prior, unit listings increasing 3.2 per cent and listings for vacant land increasing 12.4 per cent.

Last week's total figure of properties available for sale is 0.8 per cent lower than four weeks ago and 37.8 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,595 properties for rent in Perth at the end of last week, which is 0.1 per cent down on the week prior. Last week's rental listings figure is 4.6 per cent higher than four weeks ago and 29.1 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 31
2. Baldivis – 16
3. Como – 15
4. Victoria Park – 14
5. Eglinton – 13

REIWA members reported 664 properties leased last week, which is 3.1 per cent higher than the previous week, 3.2 per cent lower than four weeks ago and 3.8 per cent lower than a year ago.

Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.