Sales activity continued to rebound in Perth following the holiday season slowdown, REIWA members reporting 853 transactions, which is a 45 per cent increase on last week. This increase can be attributed to a 48 per cent increase in house sales, a 34 per cent increase in unit sales and a 47 per cent increase in vacant land sales over the week.

Properties for sale

There were 8,186 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 by two per cent, listings for units increased two per cent and listings for vacant land increased by one per cent. Last week’s total figure is nine per cent lower than four weeks ago and two per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,423 properties for rent in Perth at the end of last week, which is three per cent more than the previous week. Last week’s rental listings figure is 11 per cent higher than four weeks ago and 17 per cent lower than the same time last year. Leasing activity increased 82 per cent in Perth last week as activity continued to rebound following the holiday season lull, with REIWA members reporting 750 properties leased.

 

Sourced from: REIWA