Sales activity increased 19 per cent in Perth last week, with REIWA members reporting 1,074 transactions.

This increase can be attributed to a 10 per cent increase in house sales, a 32 per cent increase in unit sales and an 80 per cent increase in vacant land sales.

Properties for sale

There were 8,373 properties for sale in Perth at the end of last week, which is two per cent less than the previous week.

A closer look at listing stock levels shows house listings decreased by three per cent, unit listings decreased by one per cent and vacant land listings decreased by one per cent.

Last week’s total figure is two per cent lower than four weeks ago and 22 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,257 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 23 per cent lower than the same time last year.

Leasing activity increased six per cent in Perth last week, with REIWA members reporting 709 properties leased.

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

 

Sourced from REIWA