Perth market snapshot for week ending 1 June 2020

Sales activity increased 9.8 per cent in Perth this week, withREIWA membersreporting 636 transactions.

This increase can be attributed toa 11.3 per cent increase in house sales, 1.1 per cent increase in unit sales an 11.8 per cent increase in vacant land sales over the week.

This weeks sales of 636 compares to 383 fourweeks ago and 536 one year ago.

Properties for sale

There were11,299properties for sale in Perthat the end of this week,whichis 2.3 per cent lower than last week.

A closer look at listing stock levelsshows house listings decreased by 3.9 per cent, listings for units decreased by0.2 per cent and vacant land listings decreased by 0.4 per cent.

This week’stotal figure for properties listed for sale is 2.9 per cent lower than levelsseen four weeks ago and is 30 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were4,676properties for rent in Perthat the end of this week, which is seven per cent less than last week.

This week’s rental listings figureis 16.5 per cent lower than levels seen four weeks ago and is 35.4 per centlower than levels seen a year ago.

Leasing activity increased 2.4 per cent in Perth thisweek, with REIWA members reporting 964 properties leased.

View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.

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