Perth Market Snapshot for the week ending 28 August 2022

Nov 18, 2022, 10:51 AM
Sales activity increased 3.2 per cent in Perth last week, with REIWA members reporting 944 transactions.
Title : Perth Market Snapshot for the week ending 28 August 2022
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News date : Aug 29, 2022, 08:00 AM

Sales activity increased 3.2 per cent in Perth last week, with REIWA members reporting 944 transactions.

Over the week, house sales increased 4.6 per cent, unit sales increased 2.4 per cent and vacant land sales decreased 12.1 per cent.

Properties for sale

There were 8,406 properties for sale in Perth at the end of last week, which is 0.9 per cent less than the previous week. 

A closer look at listing stock levels shows house listings decreased by 1.9 per cent, unit listings increased 0.5 per cent, and listings for vacant land was stable.

Last week's total figure is 1.7 per cent lower than four weeks ago and 1.1 per cent lower than a year ago. 

Perth rental market

REIWA members reported there were 1,907 properties for rent in Perth at the end of last week, which is 7.2 per cent less than the previous week.

Last week's rental listings figure is 15 per cent lower than four weeks ago and 19.8 per cent lower than a year ago. 

Leasing activity increased four per cent in Perth last week, with REIWA members reporting 700 properties leased.

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




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