Perth market snapshot for the week ending 23 April 2023

Apr 24, 2023, 12:47 PM

As expected following the Easter long weekend, sales activity increased significantly. Sales transactions were up 30.2 per cent in Perth last week, with REIWA members reporting 1,021 transactions.

Title : Perth market snapshot for the week ending 23 April 2023

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News date : Apr 24, 2023, 11:54 AM

As expected following the Easter long weekend, sales activity increased significantly. Sales transactions were up 30.2 per cent in Perth last week, with REIWA members reporting 1,021 transactions. A closer look shows house sales increased by 29.6 per cent, unit sales increased by 33.3 per cent and vacant land sales increased by 26.2 per cent.

There were 6,641 properties for sale in Perth at the end of last week, which is 2.8 per cent lower than the previous week. This can be attributed to listings for houses decreasing by 4.3 per cent and listings for units decreasing by 3.5%, while listings for land increased very slightly.

Last week's total figure of properties available for sale is 9.5 per cent lower than levels seen four weeks ago and 17.1 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,031 properties for rent in Perth at the end of last week, which is 3.3 per cent lower than the previous week. Last week's rental listings figure is 3.2 per cent higher than four weeks ago but 16.8 per cent lower than a year ago.

REIWA members reported 673 properties leased last week, which is 36.2 per cent higher than the previous week, 1.1 per cent higher than four weeks ago and 17.7 per cent higher than levels seen a year ago.

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

contenttypes : News

topics :

Rental data
Sales data
Trends

audiences :

Experienced buyer
Investor
Renter
Seller

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