This article provides a quick snapshot of how the real estate market across Perth is doing in respect to both selling and leasing. The information contained herein has been sourced from the REIWA website direct.
Perth Market Snapshot for the week ending 10 February
This increase can be attributed to an 18 per cent increase in house sales, a 37 per cent increase in unit sales and a 15 per cent increase in vacant land sales.
The latest increase in sales figures come on the back of lower transactions recorded last week attributed to the Australia Day long weekend. It is typical for transactions to recover rapidly after dipping during weeks that coincide with public holidays.
Listings for sale
There were 17,031 properties for sale in Perth at the end of this week, which is two per cent higher than last week’s listing figure.
A closer look at listing stock levels shows house listings increased three per cent whilst listings for units and vacant land increased one per cent each.
Listings this week are four per cent higher than four weeks ago and nine per cent higher than a year ago.
Perth rental market
REIWA members reported there were 6,853 properties for rent in Perth at the end of this week, which is two per cent more than last week.
This week’s rental listings figure is seven per cent lower than four weeks ago and 24 per cent lower than a year ago.
Take a look at the breakdown of the past week:
