Perth Market Snapshot for week ending 25 October 2020

Sales activity increased six per cent in Perth this week, withREIWA membersreporting 946 transactions.

This increase can be attributed to a two per cent rise in house sales, a 20 per cent rise in unit sales and 13 per cent rise in vacant land sales over the week.

Properties for sale

There were 10,371properties for sale in Perthat the end of this week, which is in line with last week.

A closer look at listing stock levels shows house listings remained stable and listings for units and vacant land both remained stable.

This week’s total figure is three per cent lower than levels seen four weeks ago and are 27 per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,854properties for rent in Perthat the end of this week, which is one per cent less than last week.

This week’s rental listings figure is three per cent lower than levels seen four weeks ago and are 52 per cent lower than levels seen a year ago.

View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.

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