Sales transactions in Perth last week were down 19 per cent on the previous week, with REIWA members reporting 869 transactions. A closer look shows house sales were down 17.3 per cent compared to the week prior, unit sales were down 27.2 per cent and land sales were down 10.5 per cent.
Top performing suburbs – sales
- Baldivis – 18
- Canning Vale – 14
- Cottesloe – 14
- East Perth – 13
- Perth – 13
Perth's highest sale price: Watermans Bay – $2,850,000
Perth's lowest sale price: Glendalough – $405,000
There were 4,969 properties for sale in Perth at the end of last week, which is 2.9 per cent higher than the previous week. This can be attributed to house listings increasing 3.1 per cent compared to the week prior, unit listings increasing 2.9 per cent and listings for vacant land increasing 1.7 per cent.
Last week's total figure of properties available for sale is 0.8 per cent higher than four weeks ago and 24 per cent higher than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,087 properties for rent in Perth at the end of last week, which is 3.5 per cent up on the week prior. Last week's rental listings figure is 2.5 per cent lower than four weeks ago and 16 per cent higher than a year ago.
Top performing suburbs – rentals
- Perth – 21
- Baldivis – 18
- East Perth – 13
- Maylands – 12
- Canning Vale – 11
REIWA members reported 551 properties leased last week, which is 20.1 per cent lower than the previous week, 23.4 per cent lower than four weeks ago and 16.2 per cent higher than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
