• Perth market snapshot for the week ending 13 October 2019

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    Perth market snapshot for the week ending 13 October 2019

    Sales activity increased 18 per cent in Perth this week, with REIWA members reporting 586 transactions compared to 502 last week.

    This increase can be attributed to a 18 per cent rise in house sales, nine per cent rise in unit sales and 34 per cent rise in vacant land sales over the week.

    Listings for sale

    There were 13,830 properties for sale in Perth at the end of this week, which is one per cent more than last week.

    A closer look at listing stock levels shows house and unit listings increased by two per cent, while listings for vacant land decreased by one per cent.

    This week's total figure is on par with levels seen four weeks ago, but are 15 per cent lower than levels seen a year ago.

    Perth rental market

    REIWA members reported there were 6,184 properties for rent in Perth at the end of this week, which is in line with last week.

    This week's rental listings figure is five per cent lower than levels seen four weeks ago and 17 per cent lower than levels seen a year ago.

    Leasing activity jumped 24 per cent in Perth this week, with REIWA members reporting 1,046 properties leased.

    This week's leasing activity compares two per cent lower than levels seen four weeks ago and six per cent lower than levels seen a year ago.

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

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