Perth Market Snapshot for the week ending 6 November 2022

Sales activity decreased by 13.5 per cent in Perth last week, with REIWA members reporting 883 transactions.

A closer look shows house sales decreased by 14 per cent, unit sales decreased by 18.1 per cent and vacant land sales increased by 6.2 per cent.

Properties for sale

There were 8,212 properties for sale in Perth at the end of last week, which is similar to the previous week.

This can be attributed to a one per cent increase in house listings, while unit listings decreased by two per cent and vacant land listings decreased by 1.4 per cent.

Last week’s total figure of properties available for sale is 1.1 per cent higher than levels seen four weeks ago but 7.4 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 1,764 properties for rent in Perth at the end of last week, which is an increase of 3.3 per cent compared to the previous week.

Last week’s rental listings figure is 1.5 per cent lower than levels seen four weeks ago and 20.9 per cent lower than a year ago.

Leasing activity decreased by 3.9 per cent in Perth last week, with REIWA members reporting 584 properties leased.

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