Perth market snapshot for the week ending 6 October 2019

Sales activity decreased in Perth this week, with REIWA members reporting 502 transactions compared to 675 last week.

This increase can be attributed to a 25 per cent decline in house sales, 6.3 per cent decline in unit sales and 42 per cent fall in vacant land sales over the week.

Listings for sale

There were 13,640 properties for sale in Perth at the end of this week, which is 109 properties less than last week.

This week’s total figure is 14 per cent lower than levels seen a year ago and the lowest since October 2014.

Perth rental market

REIWA members reported there were 6,200 properties for rent in Perth at the end of this week, which is 13 more properties than last week.

This week’s rental listings figure is six per cent lower than levels seen four weeks ago and are 18 per cent lower than levels seen a year ago.

Leasing activity decreased 16 per cent in Perth this week, with REIWA members reporting 852 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