Perth Market Snapshot for the week ending 22 July 2018

Sales activity in Perth declined three per cent this week, with 482 transactions reported.

This decline can be attributed to a three per cent increase in house sales, a nine per cent decline in unit sales and a 37 per cent decline in vacant land sales.

Listings for sale

There were 14,153 properties for sale in Perth this week, with listings for houses, units and land all decreasing by one per cent over the week.

This week’s total listings figure is three per cent lower than four weeks ago and three per cent higher than the same time last year.

Perth rental market

REIWA members reported there were 8,242 properties for rent in Perth this week.

This figure is similar to levels recorded four weeks ago and 24 per cent lower than the same time last year.

Take a look at the breakdown of the past week:

Source: www.reiwa.com.au

Landlord
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Perth Market Snapshot for the week ending 22 July 2018