Perth Market Snapshot for the week ending 12 August 2018

Sales activity decreased 11 per cent in Perth this week, with REIWA members reporting 491 transactions.

This decrease can be attributed to a six per cent fall in house sales, a 20 per cent fall in unit sales and a 27 per cent fall in vacant land sales.

Listings for sale

There were 13,585 properties for sale in Perth at the end of this week, which is one per cent less than last week.

A closer look at listing stock levels shows house listings decreased by one per cent, listings for units remained stable and listings for vacant land decreased by three per cent.

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

Perth rental market

REIWA members reported there were 8,079 properties for rent in Perth at the end of this week, which is one per cent less than last week.

This week’s rental listings figure is two per cent lower than four weeks ago and 23 per cent lower than the same time last year.

Take a look at the breakdown of the past week: