Perth Market Snapshot for the week ending 5 December 2021

Sales activity increased four per cent in Perth last week, with REIWA members reporting 1,060 transactions.

This stability can be attributed to a four per cent increase in house sales and an 18 per cent increase in vacant land sales. Unit sales declined two per cent during the week.

Properties for sale

There were 9,348 properties for sale in Perth at the end of last week, which is one per cent more than the previous week.

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

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

Perth rental market

REIWA members reported there were 2,294 properties for rent in Perth at the end of last week, which is three per cent less than the previous week.

Last week’s rental listings figure is three per cent higher than four weeks ago and 22 per cent lower than the same time last year.

Leasing activity decreased one per cent in Perth last week, with REIWA members reporting 710 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.

 

 

SOURCE: www.reiwa.com.au