Sales activity increased 44 per cent in Perth this week, with REIWA members reporting 844 transactions.

This increase can be attributed to a 25.6 per cent rise in house sales, 29.4 per cent rise in unit sales and 108 per cent rise in vacant land sales over the week.

Properties for sale

There were 11,126 properties for sale in Perth at the end of this week, which is a 1.7 per cent decrease from last week.

A closer look at listing stock levels shows house listings fell by 0.7 per cent, listings for units remained stable and listings for vacant land decreased by 5.5 per cent.

This week’s total figure is four per cent lower than levels seen four weeks ago and are 30 per cent lower than levels seen a year ago.

Perth rental market 

REIWA members reported there were 4,338 properties for rent in Perth at the end of this week, which is three per cent less than last week.

This week’s rental listings figure is 16 per cent lower than levels seen four weeks ago and are 42 per cent lower than levels seen a year ago.

Leasing activity increased 26 per cent in Perth this week, with REIWA members reporting 1,000 properties leased.

 

 

Source: REIWA