Perth Market Snapshot for the week ending 8 November 2020

Nov 18, 2022, 10:50 AM
Sales activity decreased one per cent in Perth last week, with REIWA members reporting 910 transactions. Find out how the rest of the property market fared last week.
Title : Perth Market Snapshot for the week ending 8 November 2020
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News date : Nov 9, 2020, 08:00 AM

Sales activity decreased one per cent in Perth last week, with REIWA members reporting 910 transactions.

This decrease can be attributed to a seven per cent fall in house sales, a five per cent rise in unit sales, and a 25 per cent rise in vacant land sales over the week.

Properties for sale

There were 10,221 properties for sale in Perth at the end of last week, which is one per cent more than the previous week.

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

Last week's total figure is two per cent lower than levels seen four weeks ago and are 28 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,814 properties for rent in Perth at the end of last week, which is one per cent more than the previous week.

Last week's rental listings figure is five per cent lower than levels seen four weeks ago and are 54 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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