Sales activity increased 11 per cent in Perth last week, with REIWA members reporting 1,114 transactions.
This increase can be attributed to a seven per cent increase in house sales and a 116 per cent increase in vacant land sales. Unit sales were unchanged.
Properties for sale
There were 8,678 properties for sale in Perth at the end of last week, which is on par with the previous week.
A closer look at listing stock levels shows house listings increased by one per cent, unit listings decreased by one per cent and vacant land listings increased by two per cent.
Last week’s total figure is four per cent higher than four weeks ago and 14 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,152 properties for rent in Perth at the end of last week, which is one per cent more than the previous week.
Last week’s rental listings figure is four per cent lower than four weeks ago and 23 per cent lower than the same time last year.
Leasing activity was stable in Perth last week, with REIWA members reporting 668 properties leased.
View our Perth Market Snapshot graphic for a complete breakdown of the past week.
Sourced from REIWA