Perth market snapshot for the week ending 22 September 2019

Sales activity decreased five per cent in Perth this week, with REIWA members reporting 551 transactions compared to 583 last week.

Listings for sale

There were 13,892 properties for sale in Perth at the end of this week, which is one per cent more than last week.

This week’s total figure is two per cent lower than levels seen four weeks ago and 11 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 6,343 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 six per cent lower than levels seen four weeks ago and are 17 per cent lower than levels seen a year ago.

Leasing activity decreased four per cent in Perth this week, with REIWA members reporting 1,019 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.au