Sales activity decreased 10 per cent in Perth last week, with REIWA members reporting 788 transactions.

This decrease can be attributed to a 16 per cent fall in house sales, an 18 per cent rise in unit sales, and a no change in vacant land sales over the week.

Properties for sale

There were 8,022 properties for sale in Perth at the end of last week, which is three per cent more than the previous week.

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

Last week’s total figure is one per cent higher than levels seen four weeks ago and are eight per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,419 properties for rent in Perth at the end of last week, which is two per cent more than the previous week.

Last week’s rental listings figure is two per cent higher than levels seen four weeks ago and are 12 per cent lower than levels seen a year ago.

Leasing activity increased three per cent in Perth last week, with REIWA members reporting 590 properties leased.

 

 

SOURCE: REIWA