Perth market snapshot for the week ending 25 August 2019

Sales activity remained stable in Perth this week, with REIWA members reporting 553 transactions compared to 577 last week.

This decrease can be attributed to a six per cent fall in house sales, despite a 14 per cent rise in unit sales and a 26 per cent rise in vacant land sales over the week.

Listings for sale

There were 14,127 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 decreased by one per cent and listings for vacant land increased by one per cent.

This week’s total figure is four 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 6,731 properties for rent in Perth at the end of this week, which is one per cent less than last week.

This week’s rental listings figure is seven per cent lower than levels seen four weeks ago and 17 per cent lower than levels seen a year ago.

Quarterly median price data

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