Perth Market Snapshot for week ending 14 August 2022

Sales activity decreased 9.9 per cent in Perth last week, withREIWA membersreporting 801 transactions.

Over the week, house sales decreased 8.8 per cent, unit sales decreased 3.2 per cent and vacant land sales decreased 36.9 per cent.

Properties for sale

There were 8,560properties for sale in Perthat the end of last week, which is 1.1 per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by one per cent, unit listings were stable, and listings for vacant land increased 2.7 per cent.

Last week’s total figure is 1.4 per cent lower than four weeks ago and 1.2 per cent higher than a year ago.

Perth rental market

REIWA members reported there were 2,121properties for rent in Perthat the end of last week, which is 1.9 per cent less than the previous week.

Last week’s rental listings figure is 10.9 per cent lower than four weeks ago and 20.2 per cent lower than a year ago.

Leasing activity decreased 5.9 per cent in Perth last week, with REIWA members reporting 657 properties leased.

View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.

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