Perth Market Snapshot for Week Ending 2 October 2022

Sales activity decreased 10.9 per cent in Perth last week, withREIWA membersreporting 734 transactions.

A closer look shows house sales were down by 7.1 per cent, unit sales decreased by 23.7 per cent and vacant land sales increased by 14.9 per cent.

Properties for sale

There were 8,116properties for sale in Perthat the end of last week, which is stable compared to the previous week.

A closer look shows a two per cent increase in house listings, a 2.3 per cent decrease in unit listings and relatively stable vacant land listings.

Last week’s total figure of properties available for sale is similar to levels seen four weeks ago but 2.9 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 1,724properties for rent in Perthat the end of last week, which is a increase of 2.9 per cent compared to the previous week.

Last week’s rental listings figure is 9.5 per cent lower than four weeks ago and 22.9 per cent lower than a year ago.

Leasing activity decreased 7.5 per cent in Perth last week, with REIWA members reporting 515 properties leased.

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

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