Perth Market Snapshot for the week ending 8 May 2022

Posted By Biljana Trifunoska

Sales activity increased 10.8 per cent in Perth last week, with REIWA members reporting 952 transactions.

This can be attributed to a seven per cent increase in house sales, a 20.7 per cent rise in unit sales, and a 21.5 per cent in vacant land sales over the week.

Properties for sale

There were 8,099 properties for sale in Perth at the end of last week, which is 0.7 per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by 1.7 per cent, listings for units increased by 0.6 per cent and listings for vacant land decreased by 1.5 per cent.

Last week's total figure is 2.6 per cent higher than four weeks ago and 8.9 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,482 properties for rent in Perth at the end of last week, which is 0.6 per cent less than the previous week.

Last week's rental listings figure is 3.4 per cent higher than four weeks ago and 13.5 per cent lower than the same time last year.

Leasing activity increased 22 per cent in Perth last week, with REIWA members reporting 719 properties leased.

View our Perth Market Snapshot graphic for a complete breakdown of the past week.