Property News Wrap Up, October 2018

Read more for your Perth Property Market Snapshot for October 2018.

Perth Rental Market

Below are the most recent REIWA stats for the week ending 28 October 2018.

Median rent has remained consistent on last month at $350 per week, with the vacancy rate decreasing to from 4.8% to 3.9%.

Sales & Rental Trends

Sales activity in Perth increased 3%, with REIWA reporting 496 transactions. The increase can likely be attributed to the 32% rise in unit sales and an increase in vacant land sales according to REIWA.

Vacancy rates are on the decline and rental listings are 25% lower than levels seen a year ago. Take a look at REIWA’s breakdown below:

Perth’s Top Rental Suburbs

Looking at the most leased properties in Perth, the top rental suburbs are Nedlands, East Perth, Scarborough and Perth.

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