Sales activity increased 19 per cent in Perth last week, with REIWA members reporting 997 transactions.

This increase can be attributed to a 21 per cent increase in house sales and a 20 per cent increase in unit sales. Vacant land sales decline 10 per cent during the week.

Properties for sale

There were 8,256 properties for sale in Perth at the end of last week, which is one per cent more than the previous week.

A closer look at listing stock levels shows house listings were stable, listings for units increased three per cent and listings for vacant land increased by one per cent.

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

Perth rental market

REIWA members reported there were 2,350 properties for rent in Perth at the end of last week, which is three per cent less than the previous week.

Last week’s rental listings figure is 26 per cent higher than four weeks ago and 18 per cent lower than the same time last year.

Leasing activity increased 10 per cent in Perth last week, with REIWA members reporting 825 properties leased.

View our Perth Market Snapshot graphic for a complete breakdown of the past week.

 

Sourced from: REIWA