Perth market snapshot for the end November 2022
PERTH REAL END OF SPRING
Sales activity increased 11.4 per cent in Perth last week, with agents reporting over 1,000 transactions.
The statistics or analytics shows the following;
HOUSE sales increased by 13.4 per cent
UNIT sales increased by 9.9 per cent
VACANT LAND sales decreased by 13.6 per cent.
There were 8,629 properties for sale in Perth at the end of last week, which is stable compared with the previous week.
This can be attributed to a 1 per cent decrease in house listings, stable unit listings and an increase of 3.7 per cent in vacant land listings.
Last week’s total figure of properties available for sale is 4.8 per cent higher than levels seen four weeks ago but 7 per cent lower than levels a year ago.
Perth’s rental market, REIWA reported there were 1,892 properties for rent in Perth at the end of last week, which is an increase of 3.4 per cent compared with the previous week. Last week’s rental listings figure is 10.8 per cent higher than levels seen four weeks ago but 19.8 per cent lower than a year ago.
REIWA reported 665 properties leased.
Leasing activity increased by 1.4 per cent in Perth last week.
Perth Market Snapshot for a complete breakdown of the past week.
reiwa.com.au/the-wa-market/perth-metro/
Busselton & Bunbury top performers for September Quarter.
reiwa.com.au/busselton-and-bunbury-top-performers-2022
Property Australia with realestate.com : update Nov 22
realestate.com.au/suburbs-still-selling-at-record-speeds
PERTH REAL REPORTER
The property market is cooling off in the eastern states with national predictions for prices to fall. Its always a little confusion as the east coast media, experts, commentators take a snap shot picture of Australian property market which leaves the west coast out on the edge of that picture. Ending up actually out of focus or blurred with some abstract views.
Having the opportunity to contribute content with my local knowledge for Perth Real in Sunset Coast Life is a privilege. As 6th generation home grown agent living, working on the Sunset Coast of Western Australia. Operating a full property agency for more than a decade, plus a marketing promotional agency for decades prior for local communities. It gives a grass roots perspective of what is really going on here in the state of WA.
Future knowledge will be shared over above the data which can be a little misleading given different buying & selling influences that is not collected or compiled to be attached to the data delivered.
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