Perth market snapshot for week ending 5 April 2020

Sales activity decreased 30.5 percent in Perth this week, withREIWA members reporting 287 transactions.

Thisdecrease can be attributed to a 21.6 per cent fall in house sales, 48.6 percent fall in unit sales and 30.5 per cent decrease in vacant land sales overthe week.

Properties for sale

There were 12,356properties for sale in Perth at the endof this week, which is 1.8 per cent lower than last week.

A closer look atlisting stock levels shows house listings decreased by two per cent, units decreased by 2.5per cent and vacant land stabilised.

This week’s totalfigure for properties listed for sale is 1.36 per cent lower than levels seenfour weeks ago and is 27 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported therewere 5,496properties for rent in Perth at the end of this week, which is 1.5 percent more than last week.

This week’s rental listings figure is 1.38 per cent lowerthan levels seen four weeks ago and is 19 per cent lower than levels seen ayear ago.

Leasing activity decreased 17.5 per cent in Perth thisweek, with REIWA members reporting 827 properties leased.

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

/Public Release. View in full here.