Sales activity increased five per cent in Perth last week, with REIWA members reporting 1,123 transactions.

This can be attributed to a 17 per cent increase in vacant land sales, a 14 increase in unit sales and a two per cent increase in house sales.

Properties for sale

There were 7,903 properties for sale in Perth at the end of last week, which is similar to the previous week.

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

Last week’s total figure is four per cent lower than four weeks ago and unchanged compared to a year ago.

Perth rental market

REIWA members reported there were 2,321 properties for rent in Perth at the end of last week, which is one per cent less than the previous week.

Last week’s rental listings figure is one per cent lower than four weeks ago and 18 per cent lower than the same time last year.

Leasing activity increased nine per cent in Perth last week, with REIWA members reporting 769 properties leased.

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

 

Source: REIWA