Perth Market Snapshot for the week ending 1 August 2022

Sales activity increased eight per cent in Perth last week, with REIWA members reporting 902 transactions.

Over the week, house sales increased 7.4 per cent, unit sales increased 10.1 per cent and vacant land sales increased 9.4 per cent.

Properties for sale

There were 8,548 properties for sale in Perth at the end of last week, which is 1.7 per cent less than the previous week.

A closer look at listing stock levels shows house listings reduced by 1.9 per cent and unit listings reduced by 2.9 per cent, while listings for vacant land were stable.

Last week’s total figure is fairly stable compared to four weeks ago and 3.2 per cent higher than a year ago.

Perth rental market

REIWA members reported there were 2,244 properties for rent in Perth at the end of last week, which is 3.4 per cent less than the previous week.

Last week’s rental listings figure is 2.4 per cent lower than four weeks ago and 16 per cent lower than a year ago.

Leasing activity decreased one per cent in Perth last week, with REIWA members reporting 678 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