It’s time for our weekly Perth market update, and there’s some interesting movement afoot! While overall sales were up 3% last week, we saw some significant shifts in the different property types.
Key Takeaways:
- Units and land are hot: Unit sales jumped a whopping 12.1%, and land sales skyrocketed by 58.6%! This suggests strong interest in these property types, perhaps reflecting changing buyer preferences and investment strategies.
- Houses hold steady: House sales dipped slightly by 4%, but this is a relatively minor change in a dynamic market.
- Listings remain elevated: The number of properties for sale in Perth is up compared to both four weeks ago and a year ago, providing plenty of choice for buyers.
- Rental market tightens: Rental listings decreased slightly, while the number of leased properties surged by 13%. This indicates continued strong demand in the rental market.
Sales Hotspots:
Maylands, Dianella, East Perth, and Rockingham were the top-performing suburbs for sales last week, each recording 15 or more transactions.
Price Points:
Properties in Perth sold for as high as $3.9 million in Menora and as low as $305,000 in Bouvard, demonstrating the diverse range of options available in our market.
Rental Race:
East Perth, Baldivis, and Perth City were popular rental locations last week, with East Perth leading the pack with 21 new leases.
What This Means for You:
Whether you’re looking to buy, sell, or rent, staying informed about market trends is crucial. This week’s data highlights the diverse dynamics at play in the Perth market.
Want to know more about how these trends impact your property goals? Contact our team today for expert advice and personalized service. We’re here to help you navigate the market and achieve your real estate dreams!