Last week, sales transactions in Perth experienced a decline
weekly market snapshot
Perth weekly market snapshot for the week ending 12 Nov 2023
Last week, sales transactions in Perth experienced a decline of 12.7%, totaling 1,010 transactions, compared to the previous week.
Top performing suburbs – sales
Perth – 17
Gosnells – 15
Baldivis – 14
Dianella – 13
Ellenbrook – 13
Perth’s most expensive sale: North Fremantle - $3,350,000
Perth’s most affordable sale: Orelia - $210,000
At the end of last week, the number of properties available for sale in Perth increased by 1.1%, totaling 4,903. The shift is influenced by a 4.2% rise in house listings, coupled with a 2.3% decrease in unit listings and a 1.9% drop in vacant land listings compared to the previous week.
The total number of properties available for sale in Perth last week is 2.6% lower than four weeks ago and significantly decreased by 41.5% compared to the levels seen a year ago, indicating a continued trend of reduced housing inventory in the market.
Top performing suburbs – rentals
East Perth – 20
Perth – 19
Baldivis – 14
Mandurah – 11
Maylands – 10
Last week, 563 properties were leased in Perth, reflecting a 9.3% decrease compared to the previous week. This leasing activity remained relatively consistent with figures from four weeks ago but exhibited a 9.8% decline compared to the same period last year.