Welcome to your weekly Perth property market update! This week, we’re seeing continued strong demand from buyers, particularly for established homes, while the number of available properties for sale and rent continues to shrink. Let’s dive into the key numbers for the week ending July 20, 2025.
Sales Market Snapshot
It was another active week across Perth, with overall sales transactions increasing by 0.9% to a total of 806 sales reported by REIWA members.
The real story was in the housing market, which saw a significant surge. House sales jumped by an impressive 9.1% compared to the previous week. In contrast, unit sales saw a decrease of 19.7% and land sales were down by 9%, indicating a clear buyer preference for established houses right now.
Top 5 Suburbs for Sales Activity:
- Baldivis: 22 sales
- Perth (Suburb): 14 sales
- Byford: 11 sales
- Ellenbrook: 11 sales
- Aveley: 10 sales
The market demonstrated its breadth this week, with the highest sale price recorded being a stunning $3,300,000 property in Dalkeith, while the most accessible sale was a property in Bouvard for $257,000.
Listings Update: Supply Continues to Squeeze
If you’re thinking of selling, now is the time to pay attention. The total number of properties for sale in Perth dropped again last week, falling by 3.6% to just 3,419.
This tightening supply is primarily due to a 5.8% decrease in house listings. This is a significant trend for potential sellers, as fewer competing properties on the market can lead to stronger buyer interest and better sales outcomes.
To put this in perspective, the total number of available properties is now 14.5% lower than it was just four weeks ago. While supply is up 4% compared to this time last year, the sharp short-term decline highlights the current strength of buyer demand.
Perth’s Rental Market: Demand Outstrips Supply
The rental market remains incredibly competitive for tenants. The number of available rental properties in Perth fell by 1.3% last week, bringing the total to just 2,459. This figure is 4.2% lower than the same time last year, illustrating the ongoing supply shortage.
While listings are tight, leasing activity is booming. A total of 755 properties were leased last week, marking a 1.5% increase from the week prior. More impressively, this figure is 8.2% higher than four weeks ago and a massive 18.7% higher than a year ago. This highlights incredible demand and quick leasing times for well-presented properties.
Top 5 Suburbs for Rental Activity:
- Baldivis: 30 leases
- Perth (Suburb): 28 leases
- Maylands: 24 leases
- East Perth: 17 leases
- Scarborough: 17 leases
What This Means For You
For Sellers: With house listings falling and buyer demand for established homes surging, conditions are favourable. Reduced competition could mean a quicker sale and a stronger price for your property.
For Buyers: The market is moving quickly. It’s crucial to have your finances in order and be ready to act when you find the right property.
For Landlords: The data speaks for itself. With record-high leasing activity and low vacancy rates, there has never been a better time to be a property investor in Perth.
Thinking of making a move? Whether you’re considering selling, buying, or leasing your investment property, our team has the expertise to guide you through the current market. Contact us today for a confidential chat or a complimentary property appraisal.