Perth Market Snapshot for the week ending 7 April

Sales activity increased three per cent in Perth this week, with REIWA members reporting 575 transactions.

This increase can be attributed to a 14 per cent increase in unit sales and a six per cent increase in vacant land sales. House sales were unchanged.

Perth’s top selling suburbs this week were Scarborough, Willetton, Mount Lawley, Rockingham and Thornlie.

Listings for sale

There were 17,022 properties for sale in Perth at the end of this week, which is in line with last week.

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

This week’s total figure is one per cent higher than four weeks ago and three per cent higher than a year ago.

Perth rental market

REIWA members reported there were 6,815 properties for rent in Perth at the end of this week, which is one per cent more than last week.

This week’s rental listings figure is three per cent higher than levels seen four weeks ago and 25 per cent lower than a year ago.

SOURCE: www.reiwa.com.au