Sales transactions in Perth last week were up 3.8 per cent on the previous week, with REIWA members reporting 855 transactions. A closer look shows house sales were up 2.7 per cent compared to the week prior, unit sales were down 9.8 per cent and land sales were up 35.8 per cent.
Top performing suburbs – sales
- Mandurah – 16
- East Perth – 14
- Baldivis – 13
- Como – 11
- Perth – 11
Perth's highest sale price: Mosman Park – $3,775,000
Perth's lowest sale price: Perth City – $210,000
There were 2,905 properties for sale in Perth at the end of last week, which is 2.5 per cent lower than the previous week. This can be attributed to house listings remaining relatively stable compared to the week prior while unit listings decreased 4 per cent and listings for vacant land decreased 7.5 per cent.
Last week's total figure of properties available for sale is 10.3 per cent lower than four weeks ago and 22.7 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,211 properties for rent in Perth at the end of last week, which is 1 per cent down on the week prior. Last week's rental listings figure is 3.6 per cent lower than four weeks ago but 2.5 per cent higher than a year ago.
Top performing suburbs – rentals
- Baldivis – 26
- Armadale – 15
- Alkimos – 14
- Perth – 14
- Canning Vale – 13
REIWA members reported 711 properties leased last week, which is 1.1 per cent higher than the previous week, 1.6 per cent higher than four weeks ago and 12.7 per cent higher than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
