Jan 28, 2016 |

Perth Market Snapshot for the week ending 26 January

In this week’s Perth Market Snapshot, overall reported sales dropped marginally by one per cent to 533 sales. 

This decline in sales over the week can be attributed to a nine per cent decrease in sales for houses, while unit and land sales lifted 25 per cent and 43 per cent respectively over the week.

In line with the marginal decrease in sales, the total number of properties listed for sale lifted slightly by one per cent to 14,997 this week from 14,902 last week.

Listings for houses have remained virtually unchanged while listings for units and land both experienced a one per cent increase.

The total number of listings recorded this week is two per cent lower than four weeks ago, but 18 per cent higher than same time last year.

In Perth’s rental market, REIWA members reported a virtually unchanged percentage in total properties for rent over the week, with the figure dropping slightly from 10,148 last week to 10,104 this week.

However, this is five per cent higher than figures seen four weeks ago and 61 per cent higher than the same time last year.

Full snapshot