Sales activity increased 13 per cent in Perth last week, with REIWA members reporting 856 transactions.
This increase can be attributed to a 15 per cent rise in house sales, 24 per cent rise in unit sales and 15 per cent fall in vacant land sales over the week.
Properties for sale
There were 8,310 properties for sale in Perth at the end of last week, which is in line with the previous week.
A closer look at listing stock levels shows house listings increased by one per cent, listings for units remained stable and listings for vacant land decreased by one per cent.
Last week’s total figure is six per cent lower than levels seen four weeks ago and 34 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 2,864 properties for rent in Perth at the end of last week, which is two per cent less than the previous week.
Last week’s rental listings figure is 16 per cent higher than levels seen four weeks ago but are 51 per cent lower than levels seen a year ago.