Sales activity decreased seven per cent in Perth last week, with REIWA members reporting 902 transactions.

This decrease can be attributed to a 10 per cent decline in house sales, however unit sales were up three per cent and vacant land sales were up five per cent.

Properties for sale

There were 8,509 properties for sale in Perth at the end of last week, which is two per cent more than the previous week.

A closer look at listing stock levels shows house listings increased three per cent, vacant land listings increased four per cent and unit listings were stable.

Last week’s total figure is one per cent higher than four weeks ago and 20 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,324 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 13 per cent lower than four weeks ago and 25 per cent lower than the same time last year.

Leasing activity increased five per cent in Perth last week, with REIWA members reporting 700 properties leased.

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

 

Sourced from REIWA