Sales activity increased 32.7per cent in Perth this week, withREIWA membersreporting 527 transactions.
Thisincrease can be attributed to a 45.3 per cent increase in house sales, five per cent decrease in unitsales and 18.3 per cent increase in vacant land sales over the week.
Properties for sale
There were11,611properties for sale in Perthat the end of this week,which is in line with last week.
A closer look at listing stocklevels shows house listings decreased by 1.5 per cent, listings for units increasedby three per cent and vacant land listings remained the same.
This week’s total figure for properties listedfor sale is 5.4 per cent lower than levels seen four weeks ago and is 30 percent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were5,420properties for rent in Perthat the end of this week,which is 3.2 per cent less thanlast week.
This week’s rental listings figureis four per cent lower than levels seen four weeks ago and is 23 per cent lowerthan levels seen a year ago.
Leasing activity increased 31.5 per cent in Perth thisweek, with REIWA members reporting 1,005 properties leased.
View ourPerth Market Snapshot graphfor a detailed breakdown of the past week.
