Sales transactions in Perth last week were down 3.7 per cent on the previous week, with REIWA members reporting 827 transactions. A closer look shows house sales were down 9.9 per cent compared to the week prior and unit sales were down 5.8 per cent while land sales were up 78.4 per cent.
Top performing suburbs - sales
- Rockingham - 14
- Baldivis - 13
- Perth - 13
- Byford - 12
- Rivervale - 11
Perth's highest sale price: Attadale - $6,700,000
Perth's lowest sale price: Victoria Park - $450,000
There were 2,867 properties for sale in Perth at the end of last week, which is 4.1 per cent higher than the previous week. This can be attributed to house listings increasing 6.7 per cent compared to the week prior and unit listings increasing 2.1 per cent while listings for vacant land decreased 5.6 per cent.
Last week's total figure of properties available for sale is 13.5 per cent higher than four weeks ago but 42.3 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 per cent up on the week prior. Last week's rental listings figure is 3.5 per cent lower than four weeks ago and 7.2 per cent lower than a year ago.
Top performing suburbs - rentals
- Perth - 15
- Claremont - 10
- Baldivis - 9
- Mount Lawley - 9
- Scarborough - 9
REIWA members reported 576 properties leased last week, which is 13.3 per cent lower than the previous week and 24.2 per cent lower than four weeks ago but 5.9 per cent higher than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
