Perth market snapshot for the week ending 21 May 2023

May 22, 2023, 16:30 PM

Sales transactions were up 6.9 per cent in Perth last week, with REIWA members reporting 947 transactions.

Title : Perth market snapshot for the week ending 21 May 2023

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News date : May 22, 2023, 16:30 PM

Sales transactions were up 6.9 per cent in Perth last week, with REIWA members reporting 947 transactions. A closer look shows house sales increased by 2.1 per cent, unit sales increased by 16.3 per cent, and vacant land sales increased by 37.5 per cent.

There were 5,968 properties for sale in Perth at the end of last week, which is 3.1 per cent lower than the previous week. This can be attributed to listings for houses decreasing by 4.1 per cent, listings for units remaining relatively stable and listings for land decreasing by 3.4 per cent.

Last week's total figure of properties available for sale is 10.1 per cent lower than levels seen four weeks ago and 29.2 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,074 properties for rent in Perth at the end of last week, which is an increase of 1.3 per cent compared with the previous week. Last week's rental listings figure is 3.0 per cent higher than four weeks ago but 12.2 per cent lower than a year ago.

REIWA members reported 595 properties leased last week, which is 5.3 per cent lower than the previous week, 10.9 per cent lower than four weeks ago and 15.8 per cent lower than levels seen a year ago.

Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.

contenttypes : News

topics :

Perth
Rental data
Sales data
Trends

audiences :

Experienced buyer
Investor
Renter
Seller

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