Sales activity increased 14 per cent in Perth last week, with REIWA members reporting 882 transactions.

This increase can be attributed to a 16 per cent rise in house sales, a five per cent rise in unit sales and an eight per cent rise in vacant land sales.

Properties for sale

There were 9,026 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 one per cent, listings for units increased one per cent and listings for vacant land were stable.

Last week’s total figure is one per cent lower than four weeks ago and 17 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,839 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 five per cent lower than four weeks ago and 32 per cent lower than a year ago.

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

 

Sourced from REIWA