Perth Market Snapshot for the week ending 14 April

Sales activity decreased nine per cent in Perth this week, with REIWA members reporting 515 transactions.

This decrease can be attributed to a 12 per cent decline in house sales and a 16 per cent fall in unit sales, however vacant land sales increased 18 per cent this week.

Perth’s top selling suburbs this week were East Perth, Butler, Greenwood, Mosman Park, Canning Vale and Palmyra.

Listings for sale

There were 17,060 properties for sale in Perth at the end of this week, which is similar to levels recorded last week.

A closer look at listing stock levels shows house and unit listings remained stable, whilst listings for vacant land increased one per cent.

This week’s total figure is on par with levels seen four weeks ago and three per cent higher than the same time last year.

Perth rental market

REIWA members reported there were 6,969 properties for rent in Perth at the end of this week, which is two per cent more than last week.

This week’s rental listings figure is four per cent higher than four weeks ago and 24 per cent lower than the same time last year.

SOURCE: www.reiwa.com.au