Sales activity increased 5.6 per cent in Perth last week, withREIWA membersreporting 1,005 transactions.
This can be attributed to a 1.7 per cent increase in house sales and a 0.5 per cent increase in unit sales and a 72 per cent increase in vacant land sales.
Properties for sale
There were 8,379properties for sale in Perthat the end of last week, which is 1.7 per cent less than the previous week.
A closer look at listing stock levels shows house listings decreased by 1.7 per cent, unit listings decreased by 2.3 per cent and listings for vacant land decreased by 1.7 per cent.
Last week’s total figure is 3.5 per cent higher than four weeks ago and 7.5 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,325properties for rent in Perthat the end of last week, which is 0.4 per cent more than the previous week.
Last week’s rental listings figure is 6.3 per cent lower than four weeks ago and 17.4 per cent lower than the same time last year.
Leasing activity decreased five per cent in Perth last week, with REIWA members reporting 652 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
