Perth market snapshot for the week ending 17 November 2019
Sales activity decreased one per cent in Perth this week, with REIWA members reporting 648 transactions.
This decrease can be attributed to a two per cent rise in house sales, a five per cent rise in unit sales and a 35 per cent fall in vacant land sales over the week.
Properties for sale
There were 14,330 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 listings increased by one per cent, listings for units decreased by one per cent and listings for vacant land increased by one per cent.
This week’s total figure is two per cent higher than levels seen four weeks ago and are 18 per cent lower than the same time last year.
Perth rental market
REIWA members reported there were 6,182 properties for rent in Perth at the end of this week, which is one per cent more than last week.
This week’s rental listings figure is one per cent lower than levels seen four weeks ago, and are 16 per cent lower than levels seen a year ago.
Leasing activity increased in Perth this week, with REIWA members reporting 994 properties leased. This is three per cent less than four weeks ago and 10 per cent less than the same time 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.
SOURCE: www.reiwa.com.au
