Sales transactions in Perth last week were down 12.4 per cent on the previous week, with REIWA members reporting 674 transactions. A closer look shows house sales were down 7.3 per cent compared to the week prior, unit sales were down 30.8 per cent and land sales were up 14.6 per cent.
Top performing suburbs – sales
- Baldivis – 15
- Ellenbrook – 11
- Balga – 10
- Como – 10
- Armadale – 9
Perth's highest sale price: Wembley – $2,810,000
Perth's lowest sale price: Perth – $570,000
There were 2,468 properties for sale in Perth at the end of last week, which is 3.1 per cent higher than the previous week. This can be attributed to house listings increasing 4.6 per cent compared to the week prior and unit listings increasing 1.1 per cent while listings for vacant land remained relatively stable.
Last week's total figure of properties available for sale is 32.5 per cent higher than four weeks ago and 49.3 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,060 properties for rent in Perth at the end of last week, which is 2.3 per cent down on the week prior. Last week's rental listings figure is 17.4 per cent higher than four weeks ago but 3.8 per cent lower than a year ago.
Top performing suburbs – rentals
- Perth – 22
- Baldivis – 12
- Eglinton – 11
- Como – 10
- Scarborough – 10
REIWA members reported 610 properties leased last week, which is 24.5 per cent lower than the previous week, 141.1 per cent higher than four weeks ago and 6 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
