Sales activity decreased 12 per cent in Perth this week, with REIWA members reporting 505 transactions.
This decrease can be attributed to a 15 per cent fall in house sales, a four per cent rise in unit sales, and a 14 per cent fall in vacant land sales over the week.
Perth’s top selling suburbs this week were Scarborough, Dianella, Duncraig and Thornlie.
Listings for sale
There were 17,251 properties for sale in Perth at the end of this week, which is one per cent more than last week.
A closer look at listing stock levels shows house and unit listings both increased by one per cent while vacant land listings decreased by one per cent.
This week’s total figure is on par with levels seen four weeks ago, and are three per cent higher than levels seen a year ago.
Perth’s rental market
REIWA members reported there were 6,718 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 two per cent higher than levels seen four weeks ago, but are 25 per cent lower than levels seen a year ago.