Sales activity increased 18 per cent in Perth last week, with REIWA members reporting 1,160 transactions.

This can be attributed to a 16 per cent increase in house sales, a 17 per cent increase in unit sales and a 33 per cent increase in vacant land sales.

Properties for sale

There were 7,975 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 two per cent, listings for unit decreased by two per cent and listings for vacant land were stable.

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

Perth rental market

REIWA members reported there were 2,358 properties for rent in Perth at the end of last week, which is two per cent more than the previous week.

Last week’s rental listings figure is similar to levels recorded four weeks ago and 12 per cent lower than the same time last year.

Leasing activity increased 14 per cent in Perth last week, with REIWA members reporting 723 properties leased.

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

 

Source: REIWA