Perth weekly market snapshot for the week ending 9 July 2023

Sales transactions decreased in Perth last week, with REIWA members reporting 881 transactions. A closer look shows house sales increased 6.5 per cent and unit sales increased by 2.1 per cent, while vacant land sales decreased by 35.2 per cent.

There were 5,220 properties for sale in Perth at the end of last week, which is 2 per cent lower than the previous week. This can be attributed to listings for houses declining 3 per cent, listings for units declining 1.2 per cent and listings for vacant land declining 1.3 per cent.

Last week’s total figure of properties available for sale is 5.1 per cent lower than levels seen four weeks ago and 39 per cent lower than levels seen a year ago.

In Perth’s rental market, REIWA members reported there were 2,121 properties for rent in Perth at the end of last week, which is similar to the previous week. Last week’s rental listings figure is 1.8 per cent lower than four weeks ago and 9.7 per cent lower than a year ago.

REIWA members reported 643 properties leased last week, which is 7.3 per cent lower than the previous week, 25.3 per cent higher than four weeks ago and 1.5 per cent lower than a year ago.

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

Source: reiwa.com.au

10 July 2023