"Sales transactions in Perth last week were up 4.5 per cent on the previous week, with REIWA members reporting 713 transactions."
Sales transactions in Perth last week were up 4.5 per cent on the previous week, with REIWA member reporting 713 transactions. A closer look shows house and sales were similar to the week prior, while land sales were up 62.3 per cent.
Perth’s highest sale price: Como – $2,600,000
Perth’s lowest sale price: Warnbro – $540,000
There were 9,217 properties for sale in Perth at the end of last week, which is 2.7 per cent higher than the previous week. This can be attributed to house listings increasing 3.4 per cent compared to the week prior and unit listings increasing 2.3 per cent, while listings for vacant land decreased 1.7 per cent.
Last week's total figure of properties available for sale is 15.0 per cent higher than four weeks ago and 221.1 per cent higher than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,179 properties for rent in Perth at the end of last week, which is 3.3 per cent up on the week prior. Last week's rental listings figure is 10.6 per cent higher than four weeks ago and 5.4 per cent higher than a year ago.
REIWA members reported 593 properties leased last week, which is 4.7 per cent lower than the previous week, 31.5 per cent higher than four weeks ago and 14.9 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.