Monthly hours worked This week’s real estate figures have proven very consistent with recent trends and averages. Perth recorded 882 sales for the week, which is almost exactly our 3-month average of 884 weekly sales. The 14% increase in sales was basically driven by a 16% increase in house sales. Listings remained steady again this…
WA employment figures Weekly Real Estate Data This week Perth sales increased by 5% recording 992 transactions. The increase was mainly attributable to a 21% increase in vacant land sales. However, listings again provide the point of interest. Listings increased by 1% again this week, recording 9118 properties for sale. The graph below shows listings…
Inflation Weekly Real Estate Data Sales decreased by 34% with Perth recording 645 transactions, down from 979 the week before. The rather large decline is being attributed to the latest coronavirus lockdown. The declines were spread relatively evenly amongst houses 33%, units 50% and vacant land 40%. Listings are again trending upwards with 8,907 properties…
Monthly Hours Worked In this newsletter we will cover the latest weekly real estate statistics and the latest employment figures. Sales remained relatively stable over the past week with Perth recording 1010 sales, again just over the 1,000 mark. House sales decreased by 4%, while units sales increased by 11% and vacant land increased by…
Latest REIWA Statistics Sales activity jumped back up 10% this week to 1,020, pushing back through the 1000 mark again. The increase was driven by a 13% increase in house sales, 17% increase in unit sales but a 16% decrease in vacant land sales. Sales activity was strong again this week and although it may…
ABS Data This week we will review the real estate data over the past fortnight, Corelogic’s December quarter rental report and ABS data regarding loan commitments and property valuations. Over the past two weeks sales have continued to rebound strongly after the Christmas/New Year period. For the week ending the 17/01/2021, sales increased by 10%…
Gross Domestic Product This week we will look at the tightening real estate data for Perth and the September GDP figures. Sales this week recorded above 1000 for the second week in a row. The 4% increase to 1074 sales was driven almost exclusively by a 44% increase in vacant land sales signifying the government…
Perth Growth Number 1 Nationally This week we will be focusing exclusively on the latest real estate data reviewing rental listings, sales, listings and Corelogic’s November home value index for Perth and the other capital cities. Rental listings remained steady at 2,875 this week and have been around this mark for a couple of months.…
Perth Vacancy Rate October’s residential vacancy rate in Perth has slightly lowered compared to the previous month and now sits at 0.95 per cent, which is close to the 40 year low of 0.8 per cent reached in 2007. This comes at a time when low levels of investor finance demand is being recorded in Western Australia.…
Westpac’s House Price Forecast This week we are looking at the continuing stability in weekly sales and listings, the continuing decline in rental listings, the proposed Government changes to credit availability and Westpac’s recent house price forecast. Sales increased by 8% this week to 883 but are still in the same consistent range while listings…