Sales transactions in Perth last week were up 15.8 per cent on the previous week, with REIWA members reporting 490 transactions. A closer look shows house sales were up 30.5 per cent compared to the week prior and unit sales were up 15.2 per cent while land sales were down 43.1 per cent.
Top performing suburbs – sales
- Mandurah – 11
- Armadale – 9
- Perth – 9
- Aveley – 7
- Dianella – 7
Perth's highest sale price: Claremont – $7,000,000
Perth's lowest sale price: Perth – $784,000
There were 2,427 properties for sale in Perth at the end of last week, which is 16.5 per cent higher than the previous week. This can be attributed to house listings increasing 16.9 per cent compared to the week prior, unit listings increasing 23.1 per cent and listings for vacant land increasing 5.6 per cent.
Last week's total figure of properties available for sale is 8.3 per cent higher than four weeks ago but 49.2 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,231 properties for rent in Perth at the end of last week, which is 24.1 per cent up on the week prior. Last week's rental listings figure is 1 per cent lower than four weeks ago and 4.9 per cent lower than a year ago.
Top performing suburbs – rentals
- East Perth – 22
- Perth – 21
- Baldivis – 17
- Subiaco – 17
- Mandurah – 12
REIWA members reported 758 properties leased last week, which is 51.3 per cent higher than the previous week but 1.7 per cent lower than four weeks ago and 1.9 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
