Sales activity was stable in Perth last week, withREIWA membersreporting 888 transactions.
A closer look shows house sales were stable, unit sales increased by 17.5 per cent and vacant land sales decreased by 48.2 per cent.
Properties for sale
There were 8,250properties for sale in Perthat the end of last week, which is 1.6 per cent more than the previous week.
This can be attributed to a three per cent increase in house listings, while both unit listings and vacant land listings remained stable.
Last week’s total figure of properties available for sale is 0.7 per cent lower than levels seen four weeks ago and 3.5 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 1,763properties for rent in Perthat the end of last week, which is a decrease of 1.6 per cent compared to the previous week.
Last week’s rental listings figure is 3.5 per cent less than four weeks ago and 21.2 per cent lower than a year ago.
Leasing activity increased by 9.9 per cent in Perth last week, with REIWA members reporting 655 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
