Perth market snapshot for the week ending 2 April 2023

Sales activity increased by 5.9 per cent in Perth last week, with REIWA members reporting 1,069 transactions. A closer look shows house sales increased by 8.9 per cent, unit sales were relatively stable and vacant land sales decreased by 4.6 per cent.

There were 7,076 properties for sale in Perth at the end of last week, which is down 3.5 per cent compared with the previous week. This can be attributed to house listings decreasing by 3.9 per cent, unit listings decreasing by 4.2 per cent and vacant land listings declining by 1.9 per cent.

Last week’s total figure of properties available for sale is similar to levels seen four weeks ago but it is 9 per cent lower than levels seen a year ago.

In Perth’s rental market, REIWA members reported there were 1,918 properties for rent in Perth at the end of last week, which is 1.6 per cent lower than the previous week. Last week’s rental listings figure is 3.3 per cent higher than four weeks ago but 18.9 per cent lower than a year ago.

REIWA members reported 640 properties leased, which is 4.2 per cent lower than the previous week, 15.1 per cent higher than four weeks ago but 8 per cent lower than levels seen a year ago.

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

Source: reiwa.com.au

3 April 2023