Perth Market Snapshot for week ending 7 August 2022

Sales activity increased 1.5 per cent in Perth last week, withREIWA membersreporting 900 transactions.

Over the week, house sales increased 2.4 per cent, unit sales decreased 6.5 per cent and vacant land sales increased 14 per cent.

Properties for sale

There were 8,464properties for sale in Perthat the end of last week, which is one per cent less than the previous week.

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

Last week’s total figure is 1.1 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 2,163properties for rent in Perthat the end of last week, which is 3.6 per cent less than the previous week.

Last week’s rental listings figure is 7.9 per cent lower than four weeks ago and 19.4 per cent lower than a year ago.

Leasing activity increased 3.6 per cent in Perth last week, with REIWA members reporting 700 properties leased.

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

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