Perth Market snapshot 17 Nov

Perth Market snapshot 17 Nov

Perth Market snapshot 17 Nov

Perth market snapshot for the week ending 17 November 2019

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Sales activity decreased one per cent in Perth this week, with REIWA members reporting 648 transactions.

This decrease can be attributed to a two per cent rise in house sales, a five per cent rise in unit sales and a 35 per cent fall in vacant land sales over the week.

Properties for sale

There were 14,330 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 listings increased by one per cent, listings for units decreased by one per cent and listings for vacant land increased by one per cent.

This week's total figure is two per cent higher than levels seen four weeks ago and are 18 per cent lower than the same time last year.

Perth rental market

REIWA members reported there were 6,182 properties for rent in Perth at the end of this week, which is one per cent more than last week.

This week's rental listings figure is one per cent lower than levels seen four weeks ago, and are 16 per cent lower than levels seen a year ago.

Leasing activity increased in Perth this week, with REIWA members reporting 994 properties leased. This is three per cent less than four weeks ago and 10 per cent less than the same time last year.  

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