Perth Market Snapshot for the week ending 20 March 2022
24th March, 2022
Sales activity increased 32 per cent in Perth last week, with REIWA members reporting 1,198 transactions.
This can be attributed to a 36 per cent increase in house sales, a 19 per cent increase in unit sales and a 37 per cent increase in vacant land sales.
Properties for sale
There were 7,877 properties for sale in Perth at the end of last week, which is one per cent less than the previous week.
A closer look at listing stock levels shows house listings were stable, listings for unit decreased by two per cent and listings for vacant land decreased by four per cent.
Last week’s total figure is on par with levels recorded four weeks ago and five per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,364 properties for rent in Perth at the end of last week, which is two per cent more than the previous week.
Last week’s rental listings figure is two per cent higher than four weeks ago and 14 per cent lower than the same time last year.
Leasing activity increased 48 per cent in Perth last week, with REIWA members reporting 734 properties leased.