Perth market snapshot for the week ending 7 May 2023

May 9, 2023, 08:30 AM

Sales transactions were up 12.6 per cent in Perth last week, with REIWA members reporting 998 transactions.

Title : Perth market snapshot for the week ending 7 May 2023

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News date : May 9, 2023, 08:30 AM

Sales transactions were up 12.6 per cent in Perth last week, with REIWA members reporting 998 transactions. A closer look shows house sales increased by 18.2 per cent, unit sales decreased by 18.3 per cent, and vacant land sales increased by 71.9 per cent.

There were 6,291 properties for sale in Perth at the end of last week, which is 2.5 per cent lower than the previous week. This can be attributed to listings for houses decreasing by 3.4 per cent, listings for units remaining relatively stable and listings for land decreasing by 3.2 per cent.

Last week's total figure of properties available for sale is 7.7 per cent lower than levels seen four weeks ago and 22.2 per cent lower than levels seen a year ago.

In Perth's rental market, REIWA members reported there were 2,029 properties for rent in Perth at the end of last week, which is an increase of 1.0 per cent compared with the previous week. Last week's rental listings figure is 1.8 per cent higher than four weeks ago but 18.3 per cent lower than a year ago.

REIWA members reported 659 properties leased last week, which is 21.1 per cent higher than the previous week, 28.7 per cent higher than four weeks ago and 7.2 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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