Perth market snapshot for the week ending 27 November 2022

Sales activity increased 11.4 per cent in Perth last week, with REIWA members reporting 1,015 transactions. A closer look shows house sales increased by 13.4 per cent, unit sales increased by 9.9 per cent and vacant land sales decreased by 13.6 per cent.

There were 8,629 properties for sale in Perth at the end of last week, which is stable compared with the previous week. This can be attributed to a 1 per cent decrease in house listings, stable unit listings and an increase of 3.7 per cent in vacant land listings.

Last week’s total figure of properties available for sale is 4.8 per cent higher than levels seen four weeks ago but 7 per cent lower than levels seen a year ago.In Perth’s rental market, REIWA members reported there were 1,892 properties for rent in Perth at the end of last week, which is an increase of 3.4 per cent compared with the previous week. Last week’s rental listings figure is 10.8 per cent higher than levels seen four weeks ago but 19.8 per cent lower than a year ago.

REIWA members reported 665 properties leased. Leasing activity increased by 1.4 per cent in Perth last week.

 

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