Perth market snapshot for the week ending 18 August 2019
Sales activity increased by three per cent in Perth this week, with REIWA members reporting 577 transactions compared to 547 last week.
This increase can be attributed to a seven per cent rise in house and unit sales, despite a 28 per cent fall in vacant land sales over the week.
Listings for sale
There were 14,119 properties for sale in Perth at the end of this week, which is one per cent less than 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 five per cent lower than levels seen four weeks ago and are seven per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 6,812 properties for rent in Perth at the end of this week, which is two per cent less than last week.
This week’s rental listings figure is seven per cent lower than levels seen four weeks ago and are 18 per cent lower than levels seen a year ago.
Quarterly median price data
Data in this graph is revised periodically as more transactions settle. The latest quarterly house, unit and land sales are an estimate.
Hover over the graph to see quarterly sales volumes or price.
Listing and rental trends
Data in this graph includes the latest quarterly sales listings with average selling days for the Perth Metro region and median weekly rents with vacancy rates for houses and units. The preliminary median weekly rent and vacancy rate figures are an estimate.
SOURCE: www.reiwa.com.au
