Sales activity increased 2.2 per cent in Perth last week, with REIWA members reporting 879 transactions.
This can be attributed to a 6.7 per cent increase in house sales, a 0.6 per cent increase in unit sales and a 30 per cent decrease in vacant land sales over the week.
Properties for sale
There were 8,532 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 increased by 0.5 per cent, unit listings increased by 1.7 per cent and listings for vacant land increased by 1.3 per cent.
Last week’s total figure is 1.2 per cent higher than four weeks ago and 5.5 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,298 properties for rent in Perth at the end of last week, which is 0.7 per cent less than the previous week.
Last week’s rental listings figure is 2.7 per cent lower than four weeks ago and 19.1 per cent lower than the same time last year.
Leasing activity increased 16 per cent in Perth last week, with REIWA members reporting 672 properties leased.