Sales activity increased by 13 per cent in Perth last week, with REIWA members reporting 1,032 transactions.
A closer look shows house sales increased by 11.6 per cent, unit sales increased by 14.5 per cent and vacant land sales increased by 26.9 per cent.
Properties for sale
There were 8,235 properties for sale in Perth at the end of last week, which is similar to the previous week.
This can be attributed to a 0.7 per cent decrease in house listings, while unit listings decreased by 1.8 per cent and vacant land listings increased by two per cent.
Last week’s total figure of properties available for sale is 1.5 per cent higher than levels seen four weeks ago and 5.1 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 1,708 properties for rent in Perth at the end of last week, which is an increase of 2.4 per cent compared to the previous week.
Last week’s rental listings figure is similar to levels seen four weeks ago and 20.6 per cent lower than a year ago.
Leasing activity decreased by 8.5 per cent in Perth last week, with REIWA members reporting 610 properties leased.
View our Perth Market Snapshot graphic for a complete breakdown of the past week.
Source: reiwa.com.au
01 November 2022
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