Sales activity increased by 25.1 cent in Perth last week, with REIWA members reporting 1,036 transactions.
Sales activity increased by 25.1 cent in Perth last week, with REIWA members reporting 1,036 transactions. A closer look shows house sales increased by 20 per cent, unit sales increased by 20.8 per cent and vacant land sales increased by 141.2 per cent.
Properties for sale
There were 6,993
properties for sale in Perth at the end of last week, which is down 2 per cent compared with the previous week. This can be attributed to house listings decreasing by 2.8 per cent and unit listings decreasing by 2.3 per cent while vacant land listings were relatively stable.
Last week's total figure of properties available for sale is 1.7 per cent lower than levels seen four weeks ago and 12.3 per cent lower than levels seen a year ago.
Properties for rent
In Perth's rental market, REIWA members reported there were 1,851
properties for rent in Perth at the end of last week, which is 2.8 per cent lower than the previous week. Last week's rental listings figure is 1.4 per cent higher than levels seen four weeks ago but 21.5 per cent lower than a year ago.
REIWA members reported 728 properties leased, which is 26.2 per cent higher than the previous week, 106.2 per cent higher than levels seen four weeks ago and 3.3 per cent higher than levels seen a year ago.