Perth Market Snapshot for the week ending 3 March

Sales activity increased two per cent in Perth this week, with REIWA members reporting 639 transactions.

This is the third consecutive week where weekly sales have exceeded 550 and is the first time since March 2018 that sales volumes have exceeded 600 for two consecutive weeks.

Perth’s top selling suburbs this week were Applecross, Morley, Baldivis, Scarborough and Dianella.

Listings for sale

There were 16,846 properties for sale in Perth at the end of this week, which is two per cent less than last week and five per cent higher than a year ago.

A closer look shows there were 10,315 houses for sale, 3,294 units for sale and 3,237 vacant land listings for sale.

Perth rental market

REIWA members reported there were 1,068 properties leased during the week, eight per cent less than the prior week but in line with levels seen four weeks ago.

There were 6,568 properties listed for rent in Perth at the end of this week, which is similar to levels recorded last week and 27 per cent lower than the same time last year.

SOURCE: www.reiwa.com.au