Sales activity increased four per cent in Perth last week, withREIWA membersreporting 1,121 transactions.
This can be attributed to a 58 per cent increase in vacant land sales and a two per cent increase in unit sales. House sales were unchanged over the week.
Properties for sale
There were 7,803properties for sale in Perthat the end of last week, which is one per cent less than the previous week.
A closer look at listing stock levels shows house listings decreased by two per cent, listings for units decreased two and vacant land increased three per cent.
Last week’s total figure is two per cent lower than four weeks ago and two per cent higher than a year ago.
Perth rental market
REIWA members reported there were 2,163properties for rent in Perthat the end of last week, which is two per cent less than the previous week.
Last week’s rental listings figure is eight per cent lower than four weeks ago and 22 per cent lower than the same time last year.
Leasing activity decreased per cent in Perth last week, with REIWA members reporting 694 properties leased.
View ourPerth Market Snapshot graphicfor a complete breakdown of the past week.
