Perth Market Snapshot for the week ending 26 May

Sales activity increased two per cent in Perth this week, with REIWA members reporting 512 transactions.

This increase can be attributed to a five per cent increase in house sales, despite a five per cent fall in unit sales and a seven per cent fall in vacant land sales over the week.

Listings for sale

There were 16,565 properties for sale in Perth at the end of this week, which is in line with last week.

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

Perth rental market

REIWA members reported there were 7,343 properties for rent in Perth at the end of this week, which is in line with last week.

This week’s rental listings figure is two per cent higher than levels seen four weeks ago and 15 per cent lower than levels seen a year ago.

SOURCE: www.reiwa.com.au