Sales activity increased 18 per cent in Perth last week, with REIWAmembers reporting 919 transactions.
This increase can be attributed to an 18 per cent increase in house sales and a 30 per cent rise increase unit sales, however there was a four per cent decline in vacant land sales during the week.
Properties for sale
There were 8,680 propertiesfor sale in Perth at the end of last week, which is two per cent more than the previous week.
A closer look at listing stock levels shows house listings increased by three per cent, listings for units increased by four per cent and listings for vacant land decreased by one per cent.
Last week’s total figure is four per cent higher than four weeks ago and 28 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,780 propertiesfor rent in Perth at the end of last week, which is one per cent more than the previous week.
Last week’s rental listings figure is one per cent higher than four weeks ago and 51 per cent lower than a year ago.
View the ourPerth MarketSnapshot graphicfor a complete breakdown of the past week.