Sales activity increased five per cent in Perth last week, with REIWA members reporting 969 transactions.

This increase can be attributed to a four per cent rise in house sales, 31 per cent rise in unit sales and 21 per cent fall in vacant land sales over the week.

Properties for sale

There were 9,167 properties for sale in Perth at the end of last week, which is four per cent less than the previous week.

A closer look at listing stock levels shows house listings decreased by five per cent, listings for units decreased by three per cent and listings for vacant land decreased by two per cent.

Last week’s total figure is 10 per cent lower than levels seen four weeks ago and are 31 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,723 properties for rent in Perth at the end of last week, which is 11 per cent less than the previous week.

Last week’s rental listings figure is five per cent lower than levels seen four weeks ago and are 52 per cent lower than levels seen a year ago.

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

Source: reiwa.com.au