Sales activity increased 10.4 per cent in Perth last week, with REIWA members reporting 1,058 transactions.
This increase can be attributed to a 1.3 per cent rise in house sales, a 17.3 per cent increase in unit sales and an 88.6 per cent increase in vacant land sales over the week.
Properties for sale
There were 7,849 properties for sale in Perth at the end of last week, which is 0.7 per cent less than the previous week.
A closer look at listing stock levels shows house listings increased by 0.9 per cent and listings for units decreased by 1.2 per cent, while listings for vacant land decreased by 3.2 per cent.
Last week’s total listings figure is 2.1 per cent lower than four weeks ago and 37 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,765 properties for rent in Perth at the end of last week, which is 2.6 per cent less than the previous week.
Last week’s rental listings figure is 0.8 per cent lower than four weeks ago and 48 per cent lower than a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.