The property market was impacted significantly last week with two public holidays coinciding with school holidays. Sales transactions in Perth last week were down 36.3 per cent on the previous week, with REIWA members reporting 564 transactions. A closer look shows house sales were down 38.9 per cent compared to the week prior, unit sales were down 34.2 per cent and land sales were down 10.6 per cent.
Top performing suburbs - sales
1. Perth - 12
2. Baldivis - 10
3. Burswood - 9
4. Rockingham- 9
5. Aveley - 8
Perth's highest sale price: Burswood - $1,400,000
Perth's lowest sale price: Inglewood - $512,500
There were 4,764 properties for sale in Perth at the end of last week, which is 2.9 per cent higher than the previous week. This can be attributed to house listings increasing 4.1 per cent compared to the week prior, unit listings increasing 1.4 per cent and listings for vacant land remaining relatively stable.
Last week's total figure of properties available for sale is 6.4 per cent lower than four weeks ago but 30.8 per cent higher than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,282 properties for rent in Perth at the end of last week, which is 1.6 per cent up on the week prior. Last week's rental listings figure is 8 per cent higher than four weeks ago and 8.9 per cent higher than a year ago.
Top performing suburbs - rentals
1. Baldivis - 17
2. Scarborough - 11
3. Perth - 9
4. Rivervale - 8
5. South Perth - 8
REIWA members reported 463 properties leased last week, which is 20.4 per cent lower than the previous week, 36.3 per cent lower than four weeks ago and 18.8 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
