Perth Market Snapshot for week ending 29 November 2020

Sales activity increasing 19 per cent in Perth last week, withREIWA membersreporting1,042 transactions.

This increase can beattributed to a 21 per cent rise in house sales, 21 per cent rise in unitsales and eight per cent rise in vacant land sales over the week.

Properties for sale

There were 10,108properties for sale in Perthat the end of last week, which is one per cent less than theprevious week.

A closer look at listingstock levels shows house listings decreased by three per cent, listings forunits decreased by one per cent and listings for vacant land increased by oneper cent.

Last week’s total figure is on par with levels seen four weeks ago and are 28per cent lower than levels seen a year ago.

Perth rental market

REIWA members reported there were 2,875properties for rent in Perthat the end of last week, which is in line with the previousweek.

Last week’s rental listings figure isthree per cent higher than levels seen four weeks ago, but are 52 per centlower than levels seen a year ago.

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

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