Sales activity has begun to rebound in Perth following the holiday season slowdown, with REIWA members reporting 594 transactions, which is a 124 per cent increase on last week.

This increase can be attributed to a 123 per cent increase in house sales, a 210 per cent increase in unit sales and a 38 per cent increase in vacant land sales over the week.

Properties for sale

There were 8,025 properties for sale in Perth at the end of last week, which is similar to the previous week.

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

Last week’s total figure is 14 per cent lower than four weeks ago and three per cent lower than a year ago.

Perth rental market

REIWA members reported there were 2,359 properties for rent in Perth at the end of last week.

Last week’s rental listings figure is five per cent lower than four weeks ago and 17 per cent lower than the same time last year.

Leasing activity increased 121 per cent in Perth last week as activity rebounded following the holiday season lull, with REIWA members reporting 416 properties leased.

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

 

Sourced from REIWA