Perth Market Snapshot for the week ending 29 August 2021

Sales activity increased eight per cent in Perth last week, with REIWA members reporting 931 transactions.

This increase can be attributed to a three per cent increase in house, a 23 per cent increase in unit sales and an 18 per cent increase in vacant land sales. Vacant land sales declined 19 per cent during the week.

Properties for sale

There were 8,503 properties for sale in Perth at the end of last week, which is in line with the previous week.

A closer look at listing stock levels shows house, unit and land listings were all stable over the week.
Last week’s total figure is three per cent higher than four weeks ago and 21 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,379 properties for rent in Perth at the end of last week, which is six per cent less than the previous week.

Last week’s rental listings figure is 11 per cent lower than four weeks ago and 26 per cent lower than the same time last year.

Leasing activity increased five per cent in Perth last week, with REIWA members reporting 804 properties leased.

View our Perth Market Snapshot (below) for a complete breakdown of the past week.

Source – REIWA – 30/08/2021