Sales activity increased 11.4 per cent in Perth last week, with REIWA members reporting 959 transactions.
This can be attributed to a 10.8 per cent increase in house sales and a 12 per cent increase in vacant land sales. Unit sales decreased 1.8 per cent during the week.
Properties for sale
There were 8,521 properties for sale in Perth at the end of last week, which is 1.1 per cent more than the previous week.
A closer look at listing stock levels shows house listings increased by 1.1 per cent, unit listings increased by one per cent and listings for vacant land increased by 1.1 per cent.
Last week’s total figure is six per cent higher than four weeks ago and 7.5 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,315 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 7.3 per cent lower than four weeks ago and 18.6 per cent lower than the same time last year.
Leasing activity decreased four per cent in Perth last week, with REIWA members reporting 689 properties leased.