Welcome to the latest Holdsworth Real Estate market update, where we analyse the key data and trends shaping the Perth property landscape.

This past week has highlighted the incredible demand across our city, with a significant surge in sales activity creating fantastic opportunities for sellers. Buyer demand is strong, and a sharp drop in the number of properties for sale compared to last year means it’s never been more important to have an expert on your side.

Let’s take a closer look at the numbers, courtesy of REIWA.

Sales Market Sees Major Uplift

The Perth market was buzzing with activity last week, with total sales transactions jumping an impressive 18.6% compared to the week prior.

This growth was driven by a huge appetite for established homes. The data shows:

  • House sales rocketed up by 20.5%
  • Unit sales saw an even bigger leap, increasing by 33.3%
  • Land sales saw a decrease of 22.4% as buyers focused on existing properties.

This Week’s Sales Hotspots Some suburbs were clear standouts for buyer activity. The top-performing suburbs for sales transactions were:

  • East Perth (20 sales)
  • Subiaco (16 sales)
  • Como (15 sales)
  • Gosnells (11 sales)
  • Kelmscott (11 sales)

The market’s diversity was also on display, with the highest sale recorded in City Beach at $4,280,000, while the most accessible was a property in Mandurah at $274,000.

Listings Remain Tight: A Seller’s Market

The driving force behind the competitive market conditions is the critically low level of available properties. At the end of last week, there were only 2,779 properties for sale across Perth.

This figure is:

  • 1.5% lower than the previous week
  • 5.5% lower than four weeks ago
  • A staggering 39.4% lower than this time last year

For homeowners considering a move, this data sends a clear signal. With fewer properties on the market, there is less competition for your home, placing you in a powerful position to achieve a premium price.

Perth’s Rental Market Snapshot

The rental market also remains dynamic. The number of available rental properties increased by 3% last week to 2,245. This is a welcome sign for tenants, with stock levels now 13% higher than they were a year ago, offering more choice.

Demand remains robust, with 613 properties leased last week—a 7.2% increase on the week prior.

Top Suburbs for Rental Activity

  • Perth (19 leases)
  • Baldivis (16 leases)
  • East Perth (15 leases)
  • Alkimos (10 leases)
  • Eglinton (10 leases)

What This Means For You

  • For Sellers: The combination of surging buyer activity and historically low stock levels has created a prime seller’s market. Your property is likely to attract significant interest in the current climate.
  • For Buyers: With high competition for limited homes, it is essential to be finance-ready and act decisively. Working with an experienced agent can give you the edge you need to secure your dream home.
  • For Landlords: Leasing activity remains strong, and the slight increase in rental stock highlights the importance of quality presentation and strategic pricing to attract the best tenants quickly.

Thinking of making a move? The team at Holdsworth Real Estate is here to help you navigate this fast-moving market. Contact us today for a confidential, obligation-free appraisal of your property.