Sales activity increased 16.8 per cent in Perth last week, with REIWA members reporting 926 transactions.

Over the week, house sales increased 17 per cent, unit sales increased 5.8 per cent and vacant land sales increased 41.5 per cent.

Properties for sale

There were 8,479 properties for sale in Perth at the end of last week, which is 0.9 per cent less than the previous week.

A closer look at listing stock levels shows house listings decreased by 1.7 per cent, unit listings decreases 0.9 per cent, and listings for vacant land decreased 0.9 per cent.

Last week’s total figure is 2.5 per cent lower than four weeks ago and 0.4 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,054 properties for rent in Perth at the end of last week, which is 3.2 per cent less than the previous week.

Last week’s rental listings figure is 11.6 per cent lower than four weeks ago and 19.1 per cent lower than a year ago.

Leasing activity increased 3.5 per cent in Perth last week, with REIWA members reporting 677 properties leased.