Sales activity increased five per cent in Perth last week, with REIWA members reporting 932 transactions.

This increase can be attributed to a 140 per cent rise in vacant land sales during the week, despite house and unit sales declining by three per cent and 27 per cent respectively.

Properties for sale

There were 8,484 properties for sale in Perth at the end of last week, which is five per cent less than the previous week.

A closer look at listing stock levels shows listings for houses decreased by six per cent, unit listings decreased by two per cent and vacant land listings decreased by seven per cent.

Last week’s total figure is six per cent lower than four weeks ago and 18 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,817 properties for rent in Perth at the end of last week, which is in line with the previous week.

Last week’s rental listings figure is on par with levels seen four weeks ago and 29 per cent lower than a year ago.

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

 

Sourced from REIWA