Sales transactions in Perth surged by 25% last week, with REIWA members reporting 1,071 transactions.
House sales increased by 12.5%, unit sales by 35.2%, and land sales by an impressive 97.3%.
Top performing suburbs – sales
There were 3,144 properties for sale in Perth at the end of last week, a 6.6% decrease from the previous week. House listings dropped by 5%, unit listings by 9.1%, and land listings by 8.6%.
The total figure of properties available for sale is 3.3% lower than four weeks ago and 39.8% lower than a year ago.
In Perth’s rental market, there were 2,597 properties for rent at the end of last week, a 4.9% increase from the previous week. This figure is 4.5% higher than four weeks ago and 22.4% higher than a year ago.
Top performing suburbs – rentals
REIWA members reported 645 properties leased last week, which is 12.6% lower than the previous week but 11.2% higher than four weeks ago and 2.2% higher than a year ago.
Notable sales prices
The Perth market continues to show dynamic changes in both sales and rental activities, reflecting broader economic trends and local demand shifts.
For a complete breakdown of the past week, check out REIWA’s Perth Market Snapshot graphic.
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