Perth Market Snapshot for the week ending 9 June

Sales activity decreased 16 per cent in Perth this week, with REIWA members reporting 478 transactions.

This decrease can be attributed to a 15 per cent fall in house sales, 11 per cent rise in unit sales and 51 per cent fall in vacant land sales over the week.

Listings for sale

There were 16,109 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 decreased by one per cent, listings for units remained stable and listings for vacant land remained stable.

This week’s total figure is three per cent lower than levels seen four weeks ago, and are one per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 7,380  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 one per cent higher than levels seen four weeks ago, but are 15 per cent lower than levels seen a year ago.

SOURCE: www.reiwa.com.au