Perth market snapshot for the week ending 15 January 2023

Jan 16, 2023, 10:11 AM
Sales activity increased 58.3 per cent in Perth last week, with REIWA members reporting 733 transactions.
Title : Perth market snapshot for the week ending 15 January 2023
Cta title :
Cta button text :
Cta external link url :
News date : Jan 16, 2023, 00:00 AM

Sales activity increased 58.3 per cent in Perth last week, with REIWA members reporting 733 transactions. This significant increase was to be expected following the usual slowdown over the new year period. A closer look shows house sales increased by 61.7 per cent, unit sales increased by 60.2 per cent and vacant land sales increased by 22.2 per cent.

Properties for sale

 

There were 7,188 properties for sale in Perth at the end of last week, which is up 1.1 per cent compared with the previous week. This can be attributed to house listings increasing 1.8 per cent while unit and vacant land listings were relatively stable. 

Last week's total figure of properties available for sale is 11.2 per cent lower than levels seen four weeks ago and 12.2 per cent lower than levels seen a year ago.

Properties for rent

 

In Perth's rental market, REIWA members reported there were 1,996 properties for rent in Perth at the end of last week, which is 9.3 per cent more than the previous week. Last week's rental listings figure is 10 per cent higher than levels seen four weeks ago but 17.6 per cent lower than a year ago.

REIWA members reported 609 properties leased, which is 71.5 per cent higher than the previous week but 13.9 per cent lower than levels seen four weeks ago and 17.6 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 :
  • Rental data
  • Sales data
  • Trends
audiences :
  • Experienced buyer
  • First home buyer
  • Investor
  • Renter
  • Seller
View of the Perth CBD from across the Swan River
Cta linked page :
The Default Static The Default Static
test 1

TEST editor contents

The Default Static The Default Static

TEST PAGE