The Perth real estate market continues to evolve, with fluctuations in both sales and rental sectors. Here’s a breakdown of the latest trends:
Sales Market
- Sales Transactions: Sales transactions dipped slightly last week, with a 2.4% decrease.
- Property Types: While house sales remained steady, unit sales dropped significantly, and land sales saw a substantial increase.
- Top-Performing Suburbs: Baldivis, Perth, Scarborough, East Perth, and Halls Head were the top-performing suburbs for sales.
- Price Range: Prices varied widely, with the highest sale in Applecross at $4.3 million and the lowest in Wembley at $300,000.
- Property Listings: The number of properties for sale increased by 3.9%, primarily due to a rise in house and unit listings.
Rental Market
- Rental Listings: The number of rental properties increased by 5.5% compared to the previous week.
- Top-Performing Suburbs: Perth, Baldivis, East Perth, Gosnells, and Byford were the top-performing suburbs for rentals.
- Lease Transactions: Lease transactions decreased by 3.7% compared to the previous week.
⬆️Sales
Median Value
Homes: $720,000
Units: $480,000
Average Days on Market: 11 (Increased by 2)
⬆️Rentals
Median Rent
Homes: $650 / week
Units: $615 / week
Vacancy Rate: 1.5%
WhatsApp Josh on +61 (0)488038805 or josh@myperthrealestate.com.au for further information or a confidential discussion regarding buying, selling or renting
