Sales transactions in Perth last week were up 2.1 per cent on the previous week, with REIWA members reporting 923 transactions. A closer look shows house sales were up 3.8 per cent compared to the week prior and unit sales remained steady while land sales were down 10.6 per cent.
Top performing suburbs - sales
1. Baldivis - 22
2. Armadale - 14
3. Ellenbrook - 13
4. Scarborough - 13
5. Port Kennedy - 11
Perth's highest sale price: West Leederville - $3,175,000
Perth's lowest sale price: East Perth - $305,000
There were 4,744 properties for sale in Perth at the end of last week, which is 1.1 per cent lower than the previous week. This can be attributed to house listings remaining similar to the week prior, while unit listings decreased 2.6 per cent and listings for vacant land decreased 2.2 per cent.
Last week's total figure of properties available for sale is 2.5 per cent higher than four weeks ago and 35.1 per cent higher than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,383 properties for rent in Perth at the end of last week, which is 2.5 per cent up on the week prior. Last week's rental listings figure is 6.1 per cent higher than four weeks ago and 2.5 per cent higher than a year ago.
Top performing suburbs - rentals
1. Scarborough - 17
2. Perth - 16
3. Baldivis - 13
4. Maylands - 13
5. Victoria Park - 12
REIWA members reported 607 properties leased last week, which is 13 per cent lower than the previous week, 4.7 per cent higher than four weeks ago and 2.6 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
