Perth market snapshot for the week ending 13 October 2019
Sales activity increased 18 per cent in Perth this week, with REIWA members reporting 586 transactions compared to 502 last week.
This increase can be attributed to a 18 per cent rise in house sales, nine per cent rise in unit sales and 34 per cent rise in vacant land sales over the week.
Listings for sale
There were 13,830 properties for sale in Perth at the end of this week, which is one per cent more than last week.
A closer look at listing stock levels shows house and unit listings increased by two per cent, while listings for vacant land decreased by one per cent.
This week’s total figure is on par with levels seen four weeks ago, but are 15 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 6,184 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 17 per cent lower than levels seen a year ago.
Leasing activity jumped 24 per cent in Perth this week, with REIWA members reporting 1,046 properties leased.
This week’s leasing activity compares two per cent lower than levels seen four weeks ago and six 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.
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
