Perth real estate market sees significant transaction increase

REIWA offers a snapshot of Perth's booming property trends in the latest update

Perth real estate market sees significant transaction increase

News

By Mina Martin

The Perth real estate market experienced a notable increase in sales transactions last week, with a 26.5% rise from the previous week, REIWA reported.

The total transactions reached 865, with houses, units, and land sales growing by 22.9%, 30.1%, and 61.8% respectively.

Sales performance by suburb

Among the Perth suburbs, Baldivis led with 18 sales, followed by Thornlie and Gosnells, each with 14 and 13 sales, respectively.

The central Perth area also saw significant activity with 13 transactions, while Mandurah rounded out the top five with 12 sales.

Highs and lows in sale prices

The most expensive property sale occurred in Dalkeith, where a home sold for $4,930,000. On the more affordable end, Mount Lawley saw the lowest sale price at $325,000.

Property listings trends

The total properties listed for sale remained stable compared to the previous week, tallying at 4,790.

A detailed look at the listings shows a slight decrease in house listings by 1.7%, a 1% increase in unit listings, and a significant 9.6% rise in listings for vacant land.

Over the past month, total listings have risen by 4.5%, and when compared to the same period last year, there’s been a 24.1% increase, REIWA reported.

Rental market dynamics

The rental segment of the market slightly contracted with a 3.6% decrease in properties for rent from the previous week, totaling 2,219.

Despite this weekly decrease, rental listings have seen a 22.9% increase over the past month and a 13.4% increase compared to last year.

Top rental suburbs

In rentals, Perth led with 25 properties leased, followed by Maylands with 17, Baldivis with 15, Subiaco with 14, and East Perth with 13.

Leasing activity

REIWA members noted that 803 properties were leased last week, marking a 2.8% increase from the prior week. This leasing activity represents a significant jump of 250.7% from four weeks ago and a 35.9% increase from the previous year, highlighting a robust rental market as 2025 progresses.

For a detailed view of last week’s market dynamics, visit REIWA’s Perth Market Snapshot graphic. For the complete REIWA report, see the organisation’s LinkedIn post or visit its website.

Compare the latest figures with the previous week’s data.

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