Sales transactions in Perth last week were down 5.7 per cent on the previous week, with REIWA members reporting 918 transactions. A closer look shows house sales were down 6.4 per cent compared to the week prior and unit sales were down 16.3 per cent, while land sales were up 34.2 per cent.
Top performing suburbs – sales
- Ellenbrook – 18
- East Perth – 17
- Scarborough – 17
- Baldivis – 16
- Rivervale – 14
Perth’s highest sale price: Mount Claremont – $4,600,000
Perth’s lowest sale price: Mandurah – $250,000
There were 3,534 properties for sale in Perth at the end of last week, which is similar to the previous week. This can be attributed to house listings decreasing 1.1 per cent compared to the week prior, unit listings increasing 3.7 per cent and listings for vacant land decreasing 5.6 per cent.
Last week’s total figure of properties available for sale is 4.9 per cent lower than four weeks ago and 42.6 per cent lower than levels seen a year ago.
In Perth’s rental market, REIWA members reported there were 2,259 properties for rent in Perth at the end of last week, which is 1.9 per cent up on the week prior. Last week’s rental listings figure is 10.5 per cent higher than four weeks ago and 10.4 per cent higher than a year ago.
Top performing suburbs – rentals
- Maylands – 19
- Perth – 18
- Baldivis – 16
- East Perth – 14
- Fremantle – 11
REIWA members reported 643 properties leased last week, which is 2.4 per cent lower than the previous week, 2.7 per cent higher than four weeks ago and 3.4 per cent higher than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
