For the week ending April 13, property sales across Perth recorded a 3.8% decline compared to the previous week, with REIWA members reporting 944 transactions in total.
A breakdown of the numbers revealed that house sales dropped by 3.4%, while unit sales fell more sharply, down 18%.
In contrast, land sales surged by 45.8%, highlighting renewed interest in development-ready lots.
Despite the overall sales dip, several suburbs performed strongly. Scarborough topped the sales chart with 20 properties sold, followed by Baldivis (18), Perth (14), East Perth (13), and Gosnells (12).
In terms of price extremes, Carine posted the highest sale of the week at $4.15 million, while Bellevue recorded the lowest at $430,000.
The number of properties listed for sale in Perth slipped by 1.8% to 4,986. This decline was driven by a 3.1% drop in house listings, while unit listings rose marginally by 0.8%. Listings for vacant land remained steady.
When viewed over a longer time frame, the total number of properties available is 1.2% lower than four weeks ago, but still 34.2% higher than the same period last year, reflecting broader trends in seller activity.
The rental market showed signs of strengthening last week. REIWA reported 2,263 properties available for rent, up 1.1% on the prior week. Compared to four weeks ago and one year ago, listings are higher by 6.2% and 10.7%, respectively.
Leasing activity also picked up pace, with 684 properties leased during the week—representing increases of 10.1% week-on-week, 10% over four weeks, and 10.3% compared to the same week last year.
Despite recent gains in listings, Perth’s rental market remains under significant pressure, with rents up 63.9% since March 2020—the highest increase nationally—and many tenants now spending over 30% of their income on housing.
Perth led the rental market with 29 properties leased, followed by East Perth (21), Baldivis (19), Rivervale (13), and Armadale (12). These figures underscore sustained demand in inner-city and growing outer-metro areas.
