Perth market snapshot for the week ending 28 June 2020

July 1, 2020English

Perth market snapshot for the week ending 28 June 2020

July 1, 2020
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Sales activity decreased two per cent in Perth this week, with REIWA members reporting 989 transactions.

This decrease can be attributed to a nine per cent rise in house sales, a 17 per cent fall in unit sales and a 12 per cent fall in vacant land sales over the week.

Properties for sale

There were 11,004 properties for sale in Perth at the end of this week, which is a one per cent increase from last week.

A closer look at listing stock levels shows house listings remained stable, listings for units decreased by one per cent and listings for vacant land increased by five per cent.

This week’s total figure is three per cent lower than levels seen four weeks ago, and are 26 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 4,008 properties for rent in Perth at the end of this week, which is four per cent less than last week.

This week’s rental listings figure is 14 per cent lower than levels seen four weeks ago, and are 46 per cent lower than levels seen a year ago.

Source: REIWA