Sales activity decreased by 10.9 cent in Perth last week, with REIWA members reporting 917 transactions.
Sales activity decreased by 10.9 cent in Perth last week, with REIWA members reporting 917 transactions. A closer look shows house sales decreased by 10.5 per cent, unit sales decreased by 4.5 per cent and vacant land sales decreased by 30.5 per cent.
Properties for sale
There were 7,143
properties for sale in Perth at the end of last week, which is up 2.1 per cent compared with the previous week. This can be attributed to house listings increasing by 1.9 per cent, unit listings increasing by 2.5 per cent and vacant land listings increasing by 2.3 per cent.
Last week's total figure of properties available for sale is similar to levels seen four weeks ago but it is 10.5 per cent lower than levels seen a year ago.
Properties for rent
In Perth's rental market, REIWA members reported there were 1,802
properties for rent in Perth at the end of last week, which is 2.6 per cent lower than the previous week. Last week's rental listings figure is 9.7 per cent lower than levels seen four weeks ago and 23.2 per cent lower than a year ago.
REIWA members reported 676 properties leased, which is 6.8 per cent lower than the previous week, 12.5 per cent higher than levels seen four weeks ago and 3.6 per cent lower than levels seen a year ago.