Recent data reveals a 7.1% increase in sales transactions compared to the previous week, with REIWA members reporting a total of 984 transactions.

Perth weekly market snapshot for the week ending 15 Oct 2023

weekly market snapshot

Weekly market snapshot for the week ending 15 Oct 2023

Sales transactions in Perth saw a notable 7.1% increase compared to the previous week, with REIWA members documenting a total of 984 transactions. Upon closer inspection, house sales exhibited a significant surge of 13.3% from the previous week, and unit sales also demonstrated a notable increase of 5.7%. However, vacant land sales experienced a decline of 28.0% during the same period.

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Sales transactions in Perth saw a notable 7.1% increase compared to the previous week, with REIWA members documenting a total of 984 transactions. Upon closer inspection, house sales exhibited a significant surge of 13.3% from the previous week, and unit sales also demonstrated a notable increase of 5.7%. However, vacant land sales experienced a decline of 28.0% during the same period.

At the conclusion of last week, Perth had a total of 5,034 properties listed for sale, a figure consistent with the prior week. This steadiness is attributed to stable house listings, while unit listings experienced a slight decline of 1.5%, and vacant land listings decreased by 1.2%.

Last week's total available properties for sale in Perth marked a 2.7% decrease from levels observed four weeks ago and a notable 39% decline compared to the same period a year ago.

In Perth's rental market, REIWA members noted 1,691 properties available for rent at the conclusion of last week, mirroring the count from the previous week. This figure indicates a modest 1.6% increase from four weeks ago but represents a 4.1% decrease compared to the same period a year ago.

According to REIWA members, there were 573 properties leased in Perth last week. This represents a slight 1.9% decrease from the previous week and mirrors the figures observed four weeks ago. However, it is important to note an 11.3% decline compared to the same period a year ago.