Perth market snapshot for the week ending 2 April 2023

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Sales activity increased by 5.9 per cent in Perth last week, with REIWA members reporting 1,069 transactions. A closer look shows house sales increased by 8.9 per cent, unit sales were relatively stable and vacant land sales decreased by 4.6 per cent.

Properties for sale

There were 7,076 properties for sale in Perth at the end of last week, which is down 3.5 per cent compared with the previous week. This can be attributed to house listings decreasing by 3.9 per cent, unit listings decreasing by 4.2 per cent and vacant land listings declining by 1.9 per cent. Last week’s total figure of properties available for sale is similar to levels seen four weeks ago but it is 9 per cent lower than levels seen a year ago.

Properties for rent

In Perth’s rental market, REIWA members reported there were 1,918 properties for rent in Perth at the end of last week, which is 1.6 per cent lower than the previous week. Last week’s rental listings figure is 3.3 per cent higher than four weeks ago but 18.9 per cent lower than a year ago. REIWA members reported 640 properties leased, which is 4.2 per cent lower than the previous week, 15.1 per cent higher than four weeks ago but 8 per cent lower than levels seen a year ago.

Past Real Estate Reports

Perth weekly market snapshot for the week ending 29 September 2024

Sales transactions in Perth last week were down 0.9 per cent on the previous week, with REIWA members reporting 811

Perth weekly market snapshot for the week ending 22 September 2024

Sales transactions in Perth last week were down 4.5 per cent on the previous week, with REIWA members reporting 825

Perth weekly market snapshot for the week ending 15 September 2024

Sales transactions in Perth last week were similar to the previous week, with REIWA members reporting 868 transactions.