Sales transactions in Perth last week were down 2.4 per cent on the previous week, with REIWA members reporting 764 transactions. A closer look shows house sales were down 7.9 per cent compared to the week prior, while unit sales were the same as last week and land sales were up 40.3 per cent.
Top performing suburbs – sales
- Baldivis – 15
- Ellenbrook – 15
- Karrinyup – 11
- Perth – 11
- Canning Vale – 9
Perth's highest sale price: North Beach – $2,900,000
Perth's lowest sale price: Wembley – $450,000
There were 2,710 properties for sale in Perth at the end of last week, which is 7.2 per cent higher than the previous week. This can be attributed to house listings increasing 9.6 per cent compared to the week prior and unit listings increasing 10.8 per cent while listings for vacant land decreased 10.9 per cent.
Last week's total figure of properties available for sale is 11.7 per cent higher than four weeks ago but 46.1 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 1,936 properties for rent in Perth at the end of last week, which is 3.5 per cent down on the week prior. Last week's rental listings figure is 13.2 per cent lower than four weeks ago and 5.8 per cent lower than a year ago.
Top performing suburbs – rentals
- Perth – 26
- East Perth – 19
- Baldivis – 18
- Armadale – 15
- Maylands – 12
REIWA members reported 737 properties leased last week, which is 3.4 per cent lower than the previous week and 2.3 per cent lower than four weeks ago but 1.2 per cent higher than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
