Sales activity increased 16 per cent in Perth this week, with REIWAmembers reporting 855 transactions.
This increase can be attributed to an eight per cent rise in house sales, no change in unit sales and 55 per cent rise in vacant land sales over the week.
Properties for sale
There were 10,751 properties for sale in Perth at the end of this week, which is one per cent more than last week.
A closer look at listing stock levels shows house listings remained stable, listings for units remained stable and listings for vacant land increased by four per cent.
This week’s total figure is three per cent higher than levels seen four weeks ago, but are 25 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 3,555 properties for rent in Perth at the end of this week, which is four per cent less than last week.
This week’s rental listings figure is 10 per cent lower than levels seen four weeks ago and are 49 per cent lower than levels seen a year ago.
View our Perth Market Snapshotgraph for a detailed breakdown of the past week.
