Home News Perth market attracts more buyers

Perth market attracts more buyers

Font size :

Buyers continue to flock to Perth as sales activity in the market tracks higher

The Real Estate Institute of Western Australia (REIWA) reported that Perth market showed signs of improvement over the week of November 4, with the city seeing higher sales activity and lesser listings for sale.

Sales activity increased 11% in Perth this week, thanks to a 14% hike in house sales and a 4% rise in unit sales. Vacant land sales, meanwhile, were unchanged.

In terms of listings for sale, a total of 14,999 properties were being sold in the market during the week. This translated to a 1% decrease compared to the previous week. When compared to last month and last year, this week's total figure is higher by 6% and 4%, respectively. 

Delving into the data, it was found that house listings remained steady, while listings for units slid by 2%.  Listings for vacant land, which was down by 1%, tracked a similar downward trend.

Finally, the rental markets saw 6,946 properties listed for rent in Perth at the end of this week. The number is 1% lower than the previous week, 4% lower than levels seen four weeks ago and 26% lower than levels seen in 2017.

The slowdown in listings for both the housing and rental market is a possible indicator of higher demand for properties in the city. Together with the consistent upward trend for sales activity, the market is like to post healthier results moving forward.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

5 tips to help you buy in a slow housing market 5 tips to help you buy in a slow housing market

A buyer's market is not as easy to navigate to as it seems Read more

Australia to remain world's worst-performing housing market this year – report Australia to remain world's worst-performing housing market this year – report Don't expect a rebound in prices anytime soon ... Read more

This historic Italian town sells homes for a little over $1 This historic Italian town sells homes for a little over $1 The catch? You have to promise to renovate the home within the next three years ... Read more

How bad will the housing downturn turn out this year? How bad will the housing downturn turn out this year? While the worst is yet to come, a crash is still unlikely ... Read more

More mortgage news and articles

Sponsored Links

Saturday, Jan 19, 2019
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords