Sales transactions in Perth last week were down 13.1 per cent on the previous week, with REIWA members reporting 889 transactions. A closer look shows house sales were down 14.1 per cent compared to the week prior, unit sales were down 16 per cent and land sales were up 3.6 per cent.
Top performing suburbs – sales
- Scarborough – 16
- East Perth – 15
- South Perth – 13
- Como – 12
- Rivervale – 12
Perth’s highest sale price: Mullaloo – $2,500,000
Perth’s lowest sale price: Midland – $95,000
There were 5,337 properties for sale in Perth at the end of last week, which is 4 per cent lower than the previous week. This can be attributed to house listings decreasing 4.3 per cent compared to the week prior, unit listings decreasing 4.3 per cent and listings for vacant land decreasing 1.5 per cent.
Last week’s total figure of properties available for sale is 1.8 per cent lower than four weeks ago and 19.7 per cent higher than levels seen a year ago.
In Perth’s rental market, REIWA members reported there were 2,218 properties for rent in Perth at the end of last week, which is 1.7 per cent down on the week prior. Last week’s rental listings figure is 3.5 per cent higher than four weeks ago and 20.7 per cent higher than a year ago.
Top performing suburbs – rentals
- Perth – 23
- Maylands – 14
- Baldivis – 12
- East Perth – 12
- Armadale – 11
REIWA members reported 636 properties leased last week, which is 1.2 per cent lower than the previous week, 4.3 per cent higher than four weeks ago and 11.8 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
