Sales transactions in Perth last week were down 15.1 per cent on the previous week, with REIWA members reporting 530 transactions. A closer look shows house sales were down 21.7 per cent compared to the week prior and unit sales were down 12.7 per cent while land sales were up 100 per cent.
Top performing suburbs – sales
- Forrestfield – 11
- Baldivis – 9
- Como – 8
- Ballajura – 6
- Mandurah – 6
Perth’s highest sale price: Mindarie – $1,360,000
Perth’s lowest sale price: Northbridge – $605,000
There were 8,013 properties for sale in Perth at the end of last week, which is 2.7 per cent higher than the previous week. This can be attributed to house listings increasing 2.9 per cent compared to the week prior and unit listings increasing 3.7 per cent, while listings for vacant land decreased 1.6 per cent.
Last week’s total figure of properties available for sale is 9.0 per cent higher than four weeks ago and 184.0 per cent higher than levels seen a year ago.
In Perth’s rental market, REIWA members reported there were 1,970 properties for rent in Perth at the end of last week, which is 3.2 per cent down on the week prior. Last week’s rental listings figure is 2.6 per cent lower than four weeks ago and 9.6 per cent lower than a year ago.
Top performing suburbs – rentals
- Baldivis – 16
- Perth – 15
- Yanchep – 13
- Scarborough – 9
- Rockingham – 8
REIWA members reported 457 properties leased last week, which is 29.5 per cent lower than the previous week, 27.8 per cent lower than four weeks ago and 18.8 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
