30 November 2020
Sales activity increased 19 per cent in Perth last week, with REIWA members reporting 1,042 transactions.
This increase can be
attributed to a 21 per cent rise in house sales, 21 per cent rise in unit
sales and eight per cent rise in vacant land sales over the week.
Properties for sale
There were 10,108 properties for sale in Perth at the end of last week, which is one per cent less than the
previous week.
A closer look at listing
stock levels shows house listings decreased by three per cent, listings for
units decreased by one per cent and listings for vacant land increased by one
per cent.
Last week's total figure is on par with levels seen four weeks ago and are 28
per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 2,875 properties for rent in Perth at the end of last week, which is in line with the previous
week.
Last week's rental listings figure is
three per cent higher than levels seen four weeks ago, but are 52 per cent
lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.