Perth market snapshot for the week ending 26 February 2023

Feb 28, 2023, 13:50 PM
Sales activity increased by 5.8 cent in Perth last week, with REIWA members reporting 963 transactions.
Title : Perth market snapshot for the week ending 26 February 2023
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News date : Feb 28, 2023, 00:00 AM

Sales activity increased by 5.8 cent in Perth last week, with REIWA members reporting 963 transactions. A closer look shows house sales increased by 6.3 per cent, unit sales decreased by 2.5 per cent and vacant land sales decreased by 34.8 per cent.

Properties for sale


There were 7,329 properties for sale in Perth at the end of last week, which is up 1.2 per cent compared with the previous week. This can be attributed to house listings remaining relatively stable, unit listings increasing by 1.3 per cent and vacant land listings increasing by 2.2 per cent. 

Last week's total figure of properties available for sale is 2.7 per cent higher than four weeks ago but it is 7.3 per cent lower than levels seen a year ago.

Properties for rent


In Perth's rental market, REIWA members reported there were 1,712 properties for rent in Perth at the end of last week, which is 4.2 per cent lower than the previous week. Last week's rental listings figure is 10.1 per cent lower than levels seen four weeks ago and 22.7 per cent lower than a year ago.

REIWA members reported 669 properties leased, which is 6.4 per cent higher than the previous week and 16.1 per cent higher than levels seen four weeks ago but it is 12.3 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 Perth from Kings Park
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