Perth weekly market snapshot for the week ending 30 June 2024

Sales transactions in Perth last week were down 3.2 per cent on the previous week, with REIWA members reporting 868 transactions. A closer look shows house sales were up 1.9 per cent compared to the week prior and unit sales were up 2.1 per cent, while vacant land sales were down 37 per cent.

Top performing suburbs – sales

1. Perth – 15
2. Mandurah – 14
3. Rivervale – 13
4. East Perth – 12
5. Como – 11

Perth’s highest sale price: Bassendean – $5,500,000

Perth’s lowest sale price: West Perth – $325,000

There were 3,367 properties for sale in Perth at the end of last week, which is 3.8 per cent higher than the previous week. This can be attributed to house listings increasing 2.6 per cent compared to the week prior and unit listings increasing 8.6 per cent, while listings for vacant land decreased 1.1 per cent.

Last week's total figure of properties available for sale is 3 per cent higher than four weeks ago but 36.8 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,475 properties for rent in Perth at the end of last week, which is 1.9 per cent down on the week prior. Last week's rental listings figure is 2.9 per cent higher than four weeks ago and 17.3 per cent higher than a year ago.

Top performing suburbs – rentals

1. Perth – 32
2. East Perth – 22
3. Maylands – 18
4. Baldivis – 15
5. Scarborough – 14

REIWA members reported 741 properties leased last week, which is 7.7 per cent higher than the previous week, 9.9 per cent higher than four weeks ago and 7.4 per cent higher than a year ago.

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