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  • Perth Market Snapshot for the week ending 5 January

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    Perth Market Snapshot for the week ending 5 January - reiwa.comThis week's overall reported sales figure lifted 51 per cent on the week ending 29 December to record 279 sales, which can be attributed to a seasonal effect typically seen at year end and beginning of the new year. 

    This increase in sales can be attributed to a 59 per cent lift in house sales, a 19 per cent lift in unit sales and a 40 per cent lift in land sales.

    The total number of properties listed for sale dropped six per cent to 14,291 this week from 15,256 last week.

    Listings for houses decreased by six per cent, while units and land dropped off seven per cent.

    The total number of listings recorded this week is now the lowest since early September 2015.

    Turning to Perth’s rental market now and REIWA members reported a two per cent increase in the number of properties available for rent over the week, lifting from 9,608 last week to 9,806 this week. This figure is two per cent higher than figures seen four weeks ago.

    The split between the distribution of rental listings continues to remain at approximately 60 per cent houses and 40 per cent units.

    Take a look at the breakdown of the past week:

    Perth Market Snapshot for the week ending 5 January - reiwa.com

    Delve deeper into Perth’s real estate market.