Sales activity increased 10 per cent in Perth last week, with REIWA members reporting 1,020 transactions.

This increase can be attributed to a 13 per cent increase in house sales and a 17 per cent increase in unit sales. However, there was a 16 per cent decline in vacant land sales.

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Properties For Sale

There were 8,135 properties for sale in Perth at the end of last week, which is 2.4 per cent more than the previous week.

A closer look at listing stock shows house listings increased by two per cent, listings for units increased by 4.5 per cent and listings for vacant land remained unchanged.

Last week’s total figure is four per cent higher than four weeks ago and 36 per cent lower than a year ago.

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Perth Rental Market

REIWA members reported there were 2,731 properties for rent in Perth at the end of last week, which is in one per cent less than the previous week.

Last week’s rental listings figure is six per cent lower than four weeks ago and 50 per cent lower than a year ago.

View our Perth Market Snapshot for detailed breakdown of the past week.

Source: reiwa.com.au