Sales activity was steady in Perth last week, with REIWA members reporting 883 transactions. A closer look shows house sales increased by 9.2 per cent, unit sales decreased by 10.2 per cent and vacant land sales decreased by 50.7 per cent.
Properties for sale
There were 8,377 properties for sale in Perth at the end of last week, which is an increase of two per cent to the previous week. This can be attributed to a 3.7 per cent increase in house listings while unit listings decreased by 1.8 per cent and vacant land listings increased by 0.5 per cent.
Last week’s total figure of properties available for sale is 1.5 per cent higher than levels seen four weeks ago but 7.6 per cent lower than levels seen a year ago.
Perth rental market
In Perth’s rental market, REIWA members reported there were 1,772 properties for rent in Perth at the end of last week, which is an increase of 0.5 per cent compared with the previous week. Last week’s rental listings figure is 0.5% higher than levels seen four weeks ago and 21.9 per cent lower than a year ago.
REIWA members reported 631 properties leased. Leasing activity increased by 8.2 per cent in Perth last week.
View our Perth Market Snapshot graphic for a complete breakdown of the past week.