Sales transactions in Perth last week were up 16.4 per cent on the previous week, with REIWA members reporting 753 transactions. A closer look shows house sales were up 23.1 per cent compared to the week prior and unit sales were up 2.7 per cent while land sales were down 6.7 per cent.
Top performing suburbs – sales
- Baldivis – 22
- Belmont – 18
- Yokine – 13
- Wellard – 11
- Armadale – 10
Perth’s highest sale price: Carine – $1,640,000
Perth’s lowest sale price: Coodanup – $450,000
There were 6,784 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 1.0 per cent compared to the week prior, while unit listings increased 1.7 per cent and listings for vacant land increased 4.9 per cent.
Last week’s total figure of properties available for sale is 9.7 per cent higher than four weeks ago and 106.1 per cent higher than levels seen a year ago.
In Perth’s rental market, REIWA members reported there were 2,164 properties for rent in Perth at the end of last week, which is 3.0 per cent down on the week prior. Last week’s rental listings figure is 6.5 per cent lower than four weeks ago and 7.1 per cent lower than a year ago.
Top performing suburbs – rentals
- Baldivis – 22
- East Perth – 18
- Perth – 17
- Scarborough – 17
- Belmont – 13
REIWA members reported 653 properties leased last week, which is 18.1 per cent higher than the previous week, 5.0 per cent higher than four weeks ago and 9.9 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
