Sales transactions in Perth last week were down 18.3 per cent on the previous week, with REIWA members reporting 791 transactions. A closer look shows house sales were down 14 per cent compared to the week prior, unit sales were down 12.9 per cent and land sales were down 56.9 per cent.
Top performing suburbs – sales
- Dianella – 14
- Subiaco – 11
- Thornlie – 11
- Baldivis – 10
- Como – 10
Perth's highest sale price: Mosman Park – $3,800,000
Perth's lowest sale price: Baldivis – $310,000
There were 2,615 properties for sale in Perth at the end of last week, which is 5.2 per cent lower than the previous week. This can be attributed to house listings decreasing 7.6 per cent compared to the week prior and unit listings decreasing 3.8 per cent while listings for vacant land increased 5.3 per cent.
Last week's total figure of properties available for sale is 13.6 per cent lower than four weeks ago and 51 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,200 properties for rent in Perth at the end of last week, which is 3.4 per cent down on the week prior. Last week's rental listings figure is 1.4 per cent higher than four weeks ago but 0.8 per cent lower than a year ago.
Top performing suburbs – rentals
- East Perth – 17
- Scarborough – 17
- Baldivis – 11
- Victoria Park – 11
- Wellard – 11
REIWA members reported 680 properties leased last week, which is similar to the previous week, 1.3 per cent lower than four weeks ago and 9 per cent higher than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
