Perth Market Snapshot for the week ending 24 October 2021

Sales activity was stable in Perth last week, with REIWA members reporting 1,010 transactions.

This stability can be attributed to a one per cent increase in house sales, a five per cent increase in unit sales and a 27 per cent decline in land sales.

Properties for sale

There were 8,695 properties for sale in Perth at the end of last week, which is two per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by one per cent, unit listings increased by one per cent and vacant land listings increased by five per cent.

Last week’s total figure is four per cent higher than four weeks ago and 16 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,136 properties for rent in Perth at the end of last week, which is five per cent less than the previous week.

Last week’s rental listings figure is five per cent lower than four weeks ago and 25 per cent lower than the same time last year.

Leasing activity decreased three per cent in Perth last week, with REIWA members reporting 672 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