Sales transactions in Perth last week were up 3.8 per cent on the previous week, with REIWA members reporting 773 transactions. A closer look shows house sales were up 5.4 per cent compared to the week prior and unit sales were down 19.7 per cent while land sales were up 66.7 per cent.
Top performing suburbs – sales
- Baldivis – 20
- Ellenbrook – 11
- Armadale – 10
- Balga – 10
- Rockingham – 9
Perth’s highest sale price: City Beach – $2,850,000
Perth’s lowest sale price: Rockingham – $501,000
There were 6,852 properties for sale in Perth at the end of last week, which is 1.0 per cent higher than the previous week. This can be attributed to house listings increasing 0.5 per cent compared to the week prior, unit listings increasing 5.3 per cent and listings for vacant land decreasing 5.7 per cent.
Last week’s total figure of properties available for sale is 8.2 per cent higher than four weeks ago and 111.5 per cent higher than levels seen a year ago.
In Perth’s rental market, REIWA members reported there were 2,268 properties for rent in Perth at the end of last week, which is 4.8 per cent higher than the week prior. Last week’s rental listings figure is 2.5 per cent lower than four weeks ago and 1.1 per cent lower than a year ago.
Top performing suburbs – rentals
- Baldivis – 16
- Mandurah – 12
- Belmont – 11
- Morley – 10
- Perth – 10
REIWA members reported 502 properties leased last week, which is 22.8 per cent lower than the previous week, 24.4 per cent lower than four weeks ago and 27.8 per cent lower than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.
