Perth market snapshot for the week ending 29 March 2020
Sales activity decreased 27.2 per cent in Perth this week, with REIWA members reporting 426 transactions.
This decrease can be attributed to a 32.7 per cent fall in house sales and a 27.2 per cent fall in unit sales, despite a 2.7 per cent rise in vacant land sales over the week.
Properties for sale
There were 12,581 properties for sale in Perth at the end of this week, which is 0.9 per cent lower than last week.
A closer look at listing stock levels shows house listings decreased by 0.6 per cent, listings for units decreased by 0.9 per cent and vacant land listings decreased by 1.5 per cent.
This week’s total figure for properties listed for sale is 1.4 per cent higher than levels seen four weeks ago, but is 26 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 5,417 properties for rent in Perth at the end of this week, which is 0.3 per cent less than last week.
This week’s rental listings figure is 0.8 per cent higher than levels seen four weeks ago, and is 19 per cent lower than levels seen a year ago.
Leasing activity decreased 3.4 per cent in Perth this week, with REIWA members reporting 1,011 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
