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  • Perth Market Snapshot for the week ending 8 December

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    Perth Market Snapshot for the week ending 8 December - reiwa.comOverall sales in Perth declined 19 per cent to 552 sales across the week ending 8 December.

    This follows last week’s seven per cent increase in total sales, which were attributed to the implementation of the new legislation introduced by the Government on foreign investment effective 1 December 2015.

    The decline in sales was felt across all components, with house, unit and land sales dropping off by 20 per cent, 18 per cent and 16 per cent respectively.

    Despite the decrease in sales, the total number of properties listed for sale held steady over the week at 16,297 from 16,360 last week. As of this week, there are 10,390 listings for houses, 3,548 listings for units and 2,359 listings for land.

    This week’s total listings figure is two per cent lower than four weeks ago, but 22 per cent higher than the same time last year.

    In Perth’s rental market, REIWA members reported a small one per cent increase in the total number of properties for rent which lifted to 9,582 from 9,502 last week.

    This can once again be attributed to an increase in listings for houses by two per cent, while listings for units remained virtually unchanged.

    Take a look at the breakdown of the past week:

    Perth Market Snapshot for the week ending 8 December - reiwa.com

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