Sales transactions in Perth last week were up 4.8 per cent on the previous week, with REIWA members reporting 900 transactions. A closer look shows house sales were similar to the week prior, while unit sales were up 23.2 per cent and land sales were up 2 per cent.
Top performing suburbs – sales
- East Perth – 25
- Perth – 18
- Baldivis – 12
- Innaloo – 12
- Canning Vale – 11
Perth’s highest sale price: Marmion – $3,625,000
Perth’s lowest sale price: East Perth – $310,000
There were 3,971 properties for sale in Perth at the end of last week, which is 0.7 per cent lower than the previous week. This can be attributed to house listings decreasing 0.5 per cent compared to the week prior, unit listings decreasing 2.2 per cent and listings for vacant land increasing 0.6 per cent.
Last week's total figure of properties available for sale is 6.6 per cent lower than four weeks ago but 17.9 per cent higher than levels seen a year ago.
In Perth's rental market, REIWA members reported there were 2,404 properties for rent in Perth at the end of last week, which is 2 per cent down on the week prior. Last week's rental listings figure is 1.2 per cent higher than four weeks ago but 2.9 per cent lower than a year ago.
Top performing suburbs – rentals
- Perth – 26
- East Perth – 25
- Baldivis – 20
- Eglinton – 12
- Scarborough – 12
REIWA members reported 746 properties leased last week, which is 6.7 per cent higher than the previous week, 17.7 per cent higher than four weeks ago and 1.6 per cent higher than a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.