Perth market snapshot for the week ending 8 September 2019

Sales activity decreased five per cent in Perth this week, with REIWA members reporting 560 transactions compared to 599 last week.

This decrease can be attributed to an 18 per cent fall in unit sales, a 15 per cent fall in vacant land sales and a no change in house sales over the week.

Listings for sale

There were 13,799 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 and unit listings remained stable, while listings for vacant land decreased by one per cent. This week’s total figure is three per cent lower than levels seen four weeks ago and are 10 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 6,617 properties for rent in Perth at the end of this week, which is in line with last week.

This week’s rental listings figure is five per cent lower than levels seen four weeks ago and are 16 per cent lower than levels seen a year ago.

Leasing activity decreased one per cent in Perth this week, with REIWA members reporting 990 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