Sales activity decreased eight per cent in Perth this week, with REIWA members reporting 491 transactions.
This decrease can be attributed to house and unit sales falling by 10 per cent and 18 per cent respectively. However, there was a 37 per cent increase in vacant land sales over the week.
Listings for sale
There were 15,409 properties for sale in Perth at the end of this week, which is three per cent more than last week.
A closer look at listing stock levels shows house listings increased by three per cent, listings for units increased by four per cent and listings for vacant land increased by one per cent.
This week’s total figure is six per cent higher than levels seen four weeks ago and four per cent higher than the same time last year.
Perth rental market
REIWA members reported there were 7,067 properties for rent in Perth at the end of this week, which is two per cent more than last week.
This week’s rental listings figure is one per cent lower than four weeks ago and 25 per cent lower than levels seen a year ago.
Take a look at the breakdown of the past week: