• Perth Market Snapshot for the week ending 7 July

    New

    Sales activity increased in Perth this week, with REIWA members reporting 589 transactions which is six per cent less than last week.

    This decrease can be attributed to a two per cent increase in house sales, a five per cent decrease in unit sales and a 46 per cent decrease in vacant land sales over the week.

    The decease in land sales followed a significant increase the previous week.

    Listings for sale

    There were 14,751 properties for sale in Perth at the end of this week, which is on par with last week.

    This week's total figure is eight 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 7,426 properties for rent in Perth at the end of this week, which is 0.3 per cent less than last week.

    This week's rental listings figure is 0.62 per cent higher than levels seen four weeks ago, but are 15 per cent lower than levels seen a year ago..

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