Sales activity increased six per cent in Perth last week, with REIWA members reporting 978 transactions.

This increase can be attributed to an 11 per cent increase in house and unit sales and a four per cent increase in vacant land sales.

Properties for sale

There were 8,337 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 four per cent, unit listings decreased by one per cent and land listings decreased by two per cent.

Last week’s total figure is on par with levels recorded four weeks ago and 22 per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,408 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 10 per cent lower than four weeks ago and 23 per cent lower than the same time last year.

Leasing activity increased 15 per cent in Perth last week, with REIWA members reporting 675 properties leased.

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

 

Sourced from REIWA