Perth market snapshot for the week ending 20 October 2019

Sales activity increased three per cent in Perth this week, with REIWA members reporting 597 transactions compared to 586 last week.

This increase can be attributed to a 20 per cent increase in unit sales and a six per cent fall in vacant land sales, despite stable house sales over the week.

This week’s figure is 26 per cent higher than the same week last year.

Listings for sale

There were 14,083 properties for sale in Perth at the end of this week, which is 1.8 per cent more than last week.

A closer look at listing stock levels shows house listings increased by 1.7 per cent, and listings for vacant land increased by two per cent.

This week’s total figure is one per cent higher than levels seen four weeks ago and are 15 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 6,116 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 3.5 per cent lower than levels seen four weeks ago and are 17 per cent lower than levels seen a year ago.

Leasing activity remained steady in Perth this week, with REIWA members reporting 1,034 properties leased down 1.7 per cent from the same week last year.

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.

 

SOURECE: www.reiwa.com.au