Perth Market Snapshot for week ending 28 November 2021

Sales activity was stable in Perth last week, withREIWA membersreporting 1,033 transactions.

This stability can be attributed to a one per cent increase in house sales, an 11 per cent decline in unit sales and an 11 per cent increase in vacant land sales.

Properties for sale

There were 9,280properties for sale in Perthat the end of last week, which is one per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by two per cent, listings for units decreased by one per cent and listings for vacant land decreased one per cent.

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

Perth rental market

REIWA members reported there were 2,360properties for rent in Perthat the end of last week, which is in line with the previous week.

Last week’s rental listings figure is 10 per cent higher than four weeks ago and 18 per cent lower than the same time last year.

Leasing activity increased eight per cent in Perth last week, with REIWA members reporting 721 properties leased.

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

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