Sales activity increased two per cent in Perth last week, with REIWA members reporting 869 transactions.

This increase can be attributed to a four per cent increase in house and unit sales. Vacant land sales declined 19 per cent during the week.

Properties for sale

There were 8,511 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 and unit listings increased by one per cent, while land listings were stable.

Last week’s total figure is on par with levels seen four weeks ago and 21 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,539 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 eight per cent lower than four weeks ago and 23 per cent lower than the same time last year.

Leasing activity increased two per cent in Perth last week, with REIWA members reporting 767 properties leased.

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

 

Sourced from REIWA