Sales activity decreased one per cent in Perth last week, with REIWA members reporting 1,097 transactions.

This decrease can be attributed to a four per cent increase in house sales, an eight per cent rise in unit sales, and a 51 per cent fall in vacant land sales over the week.

Properties for sale

There were 8,863 properties for sale in Perth at the end of last week, which is two per cent more than the previous week.

A closer look at listing stock levels shows house listings increased by three per cent, listings for units increased by one per cent and listings for vacant land increased by two per cent.

Last week’s total figure is five per cent higher than levels seen four weeks ago, and 13 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,229 properties for rent in Perth at the end of last week, which is four per cent more than the previous week.

Last week’s rental listings figure is three per cent lower than levels seen four weeks ago, and are 21 per cent lower than the same time last year.

Leasing activity decreased five per cent in Perth last week, with REIWA members reporting 628 properties leased.

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

 

Sourced from REIWA