Another Week, Another Steady Market
The Perth real estate market continues to exhibit a steady pace, with sales transactions holding firm last week. While there was a slight increase of 0.9% compared to the previous week, the overall trend remains consistent.
Houses Outshine Units
A closer look at the data reveals that houses are outperforming units in terms of sales. While house sales saw a modest increase of 3.7%, unit sales experienced a slight dip of 6.3%. Land sales remained relatively stable, increasing by 1.4%.
Top-Performing Suburbs
The suburbs of Como, Ellenbrook, Perth, Rockingham, and Baldivis continue to be hot spots for buyers, consistently attracting a high level of interest.
Rental Market Heats Up
The rental market in Perth is showing signs of increasing demand. The number of properties available for rent decreased by 5.4% last week, suggesting that fewer rental properties are becoming available. This trend is likely due to a combination of factors, including increased population growth and rising rental prices.
Property Listings on the Rise
The total number of properties available for sale in Perth increased slightly by 1.5% last week. This is primarily attributed to a rise in house and land listings. However, the overall number of listings remains significantly lower than levels seen a year ago.
Key Takeaways
- The Perth real estate market remains relatively stable.
- Houses are outperforming units in terms of sales.
- The rental market is tightening.
- The overall number of property listings is increasing but remains low compared to a year ago.