• Perth market snapshot for the week ending 27 October 2019

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    Sales activity increased 10 per cent in Perth this week, with REIWA members reporting 649 transactions compared to 597 last week.

    This increase can be attributed to a 17 per cent rise in house sales, a four per cent decrease in unit sales, and a six per cent decrease in vacant land sales over the week.

    The strong sales activity is the highest weekly reading since February 2018.

    Listings for sale

    There were 14,224 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 listings increased by one per cent, units increased by 0.87 per cent and vacant land increased by one per cent.

    This week's total figure is 15.8 per cent lower than levels seen a year ago.

    Perth rental market

    REIWA members reported there were 5,981 properties for rent in Perth at the end of this week, which is two per cent less than last week.

    This week's rental listings figure is three per cent lower than levels seen four weeks ago and are 18 per cent lower than levels seen a year ago.

    Leasing activity decreased 0.2 per cent in Perth this week, with REIWA members reporting 1,029 properties leased.

    View our Perth Market Snapshot graph for a detailed breakdown of the past week.

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