Article Author – REIWA.
Sales activity increased four per cent in Perth this week, with REIWA members reporting 902 transactions.
This increase can be attributed to a 15 per cent rise in house sales, 21 per cent rise in unit sales and 41 per cent fall in vacant land sales over the week.
Properties for sale
There were 10,422 properties for sale in Perth at the end of this week, which is in line with last week.
A closer look at listing stock levels shows house listings remained stable, listings for units increased by one per cent and listings for vacant land decreased by one per cent.
This week’s total figure is two per cent lower than levels seen four weeks ago, and are 25 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 2,975 properties for rent in Perth at the end of this week, which is one per cent more than last week.
This week’s rental listings figure is four per cent lower than levels seen four weeks ago and are 52 per cent lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.