Perth Market Snapshot for the week ending 10 March

Sales activity decreased 15 per cent in Perth this week, with REIWA members reporting 538 transactions.

The latest decrease in sales figures come on the back of a shorted week attributed to the Labour Day holiday.

Perth’s top selling suburbs this week were Nedlands, East Perth and Kingsley.

Listings for sale

There were 16,970 properties for sale in Perth at the end of this week, which is one per cent more than last week.

This week’s total figure is on par with levels seen four weeks ago, but are five per cent higher than levels seen a year ago.

A closer look shows there were 10,370 houses for sale, 3,341 units for sale and 3,259 vacant land listings for sale.

Perth rental market

REIWA members reported there were 887 properties leased during the week, two per cent lower than levels seen four weeks ago, but in line with levels seen a year ago.

There were 6,645 properties listed for rent in Perth at the end of this week, which is one per cent more than last week.

Source: www.reiwa.com.au