26 October 2016
There was a four per cent drop in sales activity in the Perth property market this week.
The drop off in activity can be attributed to a six per cent decrease in house sales. Sales for units remained stable over the week while vacant land sales experienced a 14 per cent increase.
Listings for sale
The total number of
properties for sale in Perth lifted two per cent this week to 14,948.
Taking a closer look and listings for units, houses and vacant land increased by one, two and three per cent respectively.
The total number of listings recorded this week is four per cent higher than four weeks ago and eight per cent lower than the same time last year.
Perth rental market
REIWA members reported that the total number of
properties for rent in Perth increased marginally by one per cent to 10,594 this week.
This figure is one per cent lower than four weeks ago and 22 per cent higher than the same time last year.
Take a look at the breakdown of the past week:
View more Perth property information.