Perth market snapshot for the week ending 15 September 2019
Sales activity increased five per cent in Perth this week, with REIWA members reporting 583 transactions compared to 560 last week.
This increase can be attributed to a three per cent rise in house sales, a 27 per cent rise in unit sales and a nine per cent fall in vacant land sales over the week.
Listings for sale
There were 13,814 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 increased by one per cent, listings for units decreased by one per cent and listings for vacant land decreased by one per cent.
This week’s total figure is two per cent lower than levels seen four weeks ago and are 11 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 6,482 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 five per cent lower than levels seen four weeks ago and are 17 per cent lower than levels seen a year ago.
Leasing activity increased nine per cent in Perth this week, with REIWA members reporting 1,071 properties leased.
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.
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
