Sales transactions in Perth last week were down 5.9 per cent on the previous week, with REIWA members reporting 795 transactions. A closer look shows house sales were down 4.6 per cent compared to the week prior, unit sales were up 1.3 per cent and land sales were down 22.4 per cent.
Top performing suburbs – sales
- Perth – 13
- Baldivis – 12
- East Perth – 12
- Ellenbrook – 12
- Canning Vale – 11
Perth's highest sale price: Bicton – $1,700,000
Perth's lowest sale price: Mandurah – $350,000
There were 3,239 properties for sale in Perth at the end of last week, which is 1.6 per cent lower than the previous week. This can be attributed to house listings decreasing remaining relatively stable compared to the week prior, unit listings decreasing 1.4 per cent and listings for vacant land decreasing 6.4 per cent.
Last week's total figure of properties available for sale is 8.6 per cent lower than four weeks ago and 2.2 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,293 properties for rent in Perth at the end of last week, which is 1.6 per cent down on the week prior. Last week's rental listings figure is 8 per cent lower than four weeks ago and 5.5 per cent lower than a year ago.
Top performing suburbs – rentals
- Baldivis – 23
- Perth – 15
- East Perth – 14
- Scarborough – 12
- Mandurah – 11
REIWA members reported 703 properties leased last week, which is 4 per cent lower than the previous week and 5.5 per cent lower than four weeks ago but 0.9 per cent higher than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
