Perth Market Snapshot for week ending 3 July 2022

Sales activity increased 1.8 per cent in Perth last week, withREIWA membersreporting 903 transactions.

This can be attributed to a 0.9 per cent decrease in house sales, a 2.7 per cent increase in unit sales and a 25.8 per cent increase in vacant land sales over the week.

Properties for sale

There were 8,595properties for sale in Perthat the end of last week, which is only four less than the previous week.

A closer look at listing stock levels shows house listings increased by 1.1 per cent, unit listings decreased by 0.3 per cent and listings for vacant land decreased by 2.6 per cent.

Last week’s total figure is 2.6 per cent higher than four weeks ago and are 1.3 per cent higher than a year ago.

Perth rental market

REIWA members reported there were 2,300properties for rent in Perthat the end of last week, which is 0.6 per cent less than the previous week.

Last week’s rental listings figure is 1.1 per cent lower than four weeks ago and 18.4 per cent lower than the same time last year.

Leasing activity increased 1.4 per cent in Perth last week, with REIWA members reporting 674 properties leased.

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

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