Perth market snapshot for the week ending 26 July 2020

Nov 18, 2022, 10:50 AM
Sales activity decreased five per cent in Perth this week, with REIWA members reporting 714 transactions. Find out how the rest of the property market performed during the week.
Title : Perth market snapshot for the week ending 26 July 2020
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News date : Jul 27, 2020, 08:00 AM

Sales activity decreased five per cent in Perth this week, with REIWA members reporting 747 transactions.

This decrease can be attributed to a five per cent fall in house sales, 19 per cent rise in unit sales and 16 per cent fall in vacant land sales over the week.

Properties for sale

There were 10,657 properties for sale in Perth at the end of this week, which is two per cent more than last week.

A closer look at listing stock levels shows house listings increased by one per cent, listings for units increased by one per cent and listings for vacant land increased by four per cent.

This week's total figure is three per cent lower than levels seen four weeks ago and 27 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 3,717 properties for rent in Perth at the end of this week, which is four per cent less than last week.

This week's rental listings figure is seven per cent lower than levels seen four weeks ago and 47 per cent lower than levels seen a year ago. 

View our Perth Market Snapshot graph for a detailed breakdown of the past week.

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