Sales activity decreased 22 per cent in Perth last week, with REIWA members reporting 828 transactions.

This decrease can be attributed to a 20 per cent decline in house sales, a 16 per cent decrease in unit sales and a 44 per cent decrease in vacant land sales.

Properties for sale

There were 8,360 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 increased by one per cent, unit listings were stable and vacant land listings decreased by two per cent.

Last week’s total figure is similar to levels reported four weeks ago and 20 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,236 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 seven per cent lower than four weeks ago and 24 per cent lower than the same time last year.

Leasing activity decreased 21 per cent in Perth last week, with REIWA members reporting 554 properties leased.

 

Sourced from REIWA