Inflation

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

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

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

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%…

Perth Growth Best Nationally

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

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

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…

Monthly Hours Worked

Monthly Hours Worked Sales over the past two weeks decreased by 10% from 803 to 716 then increased by 19% to 834. Listings increased by 1% from 10,735 to 10,798 and then remained stable recording 10,807. House, unit and vacant land listings all are remaining relatively very stable over the recent period. The graph below…