According to the most recent Perth metro update from REIWA, here’s what’s happening in the Perth property market : REIWA
Weekly Sales Activity
Houses sold: 544
Units sold: 159
Land sold: 60
Total sales this week: 763
This is slightly below four weeks ago (813) and below the same week last year (945). REIWA
Properties Listed for Sale
Houses listed: 2,216
Units listed: 692
Land listed: 371
Total listings this week: 3,279
Listings are up from four weeks ago (2,867) but lower than this time last year (5,076). REIWA
Rental Market
Houses rented this week: 334
Units rented this week: 156
Houses available for rent: 1,348
Units available for rent: 600
Available rentals have increased compared with four weeks ago, but remain below the same week last year. REIWA
Top Selling Suburbs This Week
North of the River:
Ellenbrook - 12 sales
Morley - 12 sales
Perth - 10 sales
Scarborough - 10 sales
South of the River:
Baldivis - 16 sales
Byford - 9 sales
Canning Vale - 8 sales
Belmont - 8 sales REIWA
What This Means for You
Buyers: There’s more choice than this time last year, but competition still exists for well-priced homes.
Sellers: Properties that are priced right and marketed well continue to attract interest.
Renters/Investors: Rental stock is increasing compared with recent weeks, offering more options, though demand remains solid.
Stay tuned for weekly updates as the Perth market continues to evolve. For more detailed insights, visit REIWA’s Perth metro market page. REIWA