Perth market snapshot for week ending 9 August 2020

Sales activity decreased five per cent in Perth this week, with REIWA members reporting 803 transactions.

This decrease can be attributed to a two per cent fall in house sales, 19 per cent rise in unit sales and 24 per cent fall in vacant land sales over the week.

Properties for sale

There were 10,735 properties for sale in Perth at the end of this week, which is in line with last week.

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

This week’s total figure is three per cent higher than levels seen four weeks ago, but are 24 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 3,540 properties for rent in Perth at the end of this week, which is in line with last week.

This week’s rental listings figure is 11 per cent lower than levels seen four weeks ago and 49 per cent lower than levels seen a year ago.

View ourPerth Market Snapshotgraphfor a detailed breakdown of the past week.

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