Sales transactions in Perth last week were down 2.3 per cent on the previous week, with REIWA members reporting 803 transactions. A closer look shows house sales were up 1.3 per cent compared to the week prior and unit sales were up 6.8 per cent while land sales were down 42.7 per cent.
Top performing suburbs – sales
- Applecross – 24
- Baldivis – 20
- Perth – 14
- East Perth – 12
- Cockburn Central – 11
Perth's highest sale price: Cottesloe – $9,500,000
Perth's lowest sale price: Hamilton Hill – $487,000
There were 3,036 properties for sale in Perth at the end of last week, which is 5.9 per cent higher than the previous week. This can be attributed to house listings increasing 8 per cent compared to the week prior and unit listings increasing 2.2 per cent while listings for vacant land remained relatively stable.
Last week's total figure of properties available for sale is 12 per cent higher than four weeks ago but 39.8 per cent lower than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 1,888 properties for rent in Perth at the end of last week, which is 2.5 per cent down on the week prior. Last week's rental listings figure is 2.5 per cent lower than four weeks ago and 11.4 per cent lower than a year ago.
Top performing suburbs – rentals
- Perth – 21
- Baldivis – 15
- Gosnells – 13
- Maylands – 10
- Rivervale – 10
REIWA members reported 717 properties leased last week, which is 24.5 per cent higher than the previous week, 1.5 per cent lower than four weeks ago and 15.6 per cent higher than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
