• Perth market snapshot for the week ending 11 August 2019

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    Sales activity decreased by 12 per cent in Perth this week, with REIWA members reporting 547 transactions compared to 635 last week. 

    This decrease can be attributed to a seven per cent fall in house sales, a 19 per cent fall in unit sales and a 27 per cent fall in vacant land sales over the week.

    Despite sales activity falling this week, the overall trend remains on an upwards trajectory being higher than both four weeks ago and the same time last year across all houses, units and vacant land.

    Listings for sale

    There were 14,194 properties for sale in Perth at the end of this week, which is in line with last week.

    A closer look at listing stock levels shows house listings decreased by one per cent, listings for units and vacant land remained stable.

    This week's total figure is four per cent lower than levels seen four weeks ago and are seven per cent lower than levels seen a year ago.

    Perth rental market

    REIWA members reported there were 6,929 properties for rent in Perth at the end of this week, which is one per cent less than last week. 

    This week's rental listings figure is five per cent lower than levels seen four weeks ago and 18 per cent lower than levels seen a year ago.

    View our  Perth Market Snapshot graph for a detailed breakdown of the past week.