Sales transactions in Perth last week were down 0.7 per cent on the previous week, with REIWA members reporting 871 transactions. A closer look shows house sales were similar compared to the week prior, while unit sales were up 9.1 per cent and land sales were down 32.9 per cent.
Top performing suburbs – sales
- Baldivis – 17
- East Perth – 15
- Shenton Park – 15
- Perth – 12
- Thornlie – 12
Perth's highest sale price: Watermans Bay – $5,900,000
Perth's lowest sale price: Subiaco – $428,000
There were 2,753 properties for sale in Perth at the end of last week, which is 1 per cent lower than the previous week. This can be attributed to house listings decreasing 2.6 per cent compared to the week prior and unit listings decreasing 3 per cent while listings for vacant land increased 12.6 per cent.
Last week's total figure of properties available for sale is 11.5 per cent higher than four weeks ago but 43 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 1,880 properties for rent in Perth at the end of last week, which is 2.1 per cent down on the week prior. Last week's rental listings figure is 8.7 per cent lower than four weeks ago and 6.7 per cent lower than a year ago.
Top performing suburbs – rentals
- Perth – 20
- Maylands – 19
- East Perth – 16
- Baldivis – 14
- Scarborough – 13
REIWA members reported 666 properties leased last week, which is 7.9 per cent higher than the previous week and 10.4 per cent higher than four weeks ago but 1.3 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
