Sales Activity:
REIWA members reported 868 sales transactions.
House sales increased by 4.5%, while unit sales rose by 1.9%.
Land sales experienced a decline of 29.4%.Top-Performing Suburbs:
Sales: Perth, Gosnells, Ellenbrook, Mandurah, Byford
Highest Sale Price: Mount Pleasant ($3,475,000)
Lowest Sale Price: Forrestfield ($172,000)Property Listings:
The total number of properties for sale increased by 2.7% to 3,857.
House listings grew by 4.2%, and vacant land listings rose by 1.3%.
Unit listings remained unchanged.Rental Market:
Rental listings decreased by 3.4% to 2,084.
Leased properties increased by 3.9% compared to the previous week.Overall Trends:
The number of properties available for sale is 14.8% higher than four weeks ago but 25.5% lower than a year ago.
Rental listings are 9.2% lower than four weeks ago but 25.2% higher than a year ago.Key Takeaways:
Perth's real estate market continues to show resilience.
House and unit sales remain relatively steady.
Land sales have experienced a significant decline.
Rental market activity is on the rise.
The number of properties available for sale and rent has fluctuated over the past year.📧 WhatsApp Josh on +61 (0)488038805 or josh@domeproperties.com.au for further information or a confidential discussion regarding buying, selling or renting
