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Week ending 30 August 2016

Source : reiwa.com

 

Sales activity in Perth dropped off three per cent this week, to record 545 transactions from 563 last week.

This decrease in activity can be attributed to an 11 per cent drop in house sales, however unit and land sales were up by 29 and 22 per cent respectively.

Listings for sale

The total volume of properties for sale in Perthwas unchanged again this week in percentage terms, coming in at 14,084.

Listings for houses increased by one per cent over the week, while unit and land listings were stable.

The total number of listings recorded this week is similar to levels recorded four weeks ago and is one per cent higher than at the same time last year.

Perth rental market

REIWA members reported that the total number of properties for rent in Perth decreased marginally by one per cent to 11,083.

This figure is two per cent lower than four weeks ago and 34 per cent higher than at the same time last year.

Take a look at the breakdown of the past week:

Rental update reiwa