Sales activity increased four per cent in Perth this week, with REIWA members reporting 532 transactions. This increase can be attributed to a four per cent rise in unit sales and a 71 per cent rise in vacant land sales, despite a three per cent fall in house sales over the week.
There were 15,672 properties for sale in Perth at the end of this week, which is two per cent less than last week. A closer look at listing stock levels shows house listings decreased by one per cent, whilst listings for units and vacant land both decreased by two per cent. This week’s total figure is four per cent higher than levels seen four weeks ago, and six per cent higher than levels seen a year ago.
In Perth’s rental market, REIWA members reported there were 6,949 properties for rent in Perth at the end of this week, which is in line with last week. This week’s rental listings figure is 26 per cent lower than levels seen a year ago.