Sales activity increased by 1.2 cent in Perth last week, with REIWA members reporting 922 transactions.
Sales activity increased by 1.2 cent in Perth last week, with REIWA members reporting 922 transactions. A closer look shows house sales increased by 1.4 per cent, unit sales increased by 5.2 per cent and vacant land sales decreased by 14.3 per cent.
Properties for sale
There were 7,242 properties for sale in Perth at the end of last week, which is up 1.4 per cent compared with the previous week. This can be attributed to house listings increasing by 1.7 per cent, unit listings increasing by 1.8 per cent and vacant land listings remaining relatively stable.
Last week's total figure of properties available for sale is similar to levels seen four weeks ago but it is 8.3 per cent lower than levels seen a year ago.
Properties for rent
In Perth's rental market, REIWA members reported there were 1,787 properties for rent in Perth at the end of last week, which is 0.8 per cent lower than the previous week. Last week's rental listings figure is 9.6 per cent lower than levels seen four weeks ago and 23 per cent lower than a year ago.
REIWA members reported 631 properties leased, which is 6 per cent lower than the previous week, 15.3 per cent lower than levels seen four weeks ago and 16.9 per cent lower than levels seen a year ago.
Visit our Perth Market Snapshot graphic for a complete breakdown of the past week.