Perth Market Snapshot for the week ending 27 January

(as sourced from REIWA)

Sales activity increased 11 per cent in Perth this week, with REIWA members reporting 543 transactions. 

This increase can be attributed to an 18 per cent rise in house sales and a 13 per cent rise in vacant land sales, despite a 15 per cent fall in unit sales over the week. 

Listings for sale

There were 16,833 properties for sale in Perth at the end of this week, which is one per cent more than last week. 

A closer look at listing stock levels shows house and unit listings increased by one per cent, whilst listings for vacant land increased by two per cent. 

This week’s total figure is one per cent higher than four weeks ago and nine per cent higher than the same time last year

Perth rental market

REIWA members reported there were 6,883 properties for rent in Perth at the end of this week, which is four per cent less than last week. 

This week’s rental listings figure is on par with levels seen four weeks ago and 27 per cent lower than levels seen a year ago. 

Take a look at a breakdown of the past week: