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Sales activity decreased six per cent in Perth this week, with REIWA members reporting 593 transactions.
This decrease can be attributed to a 15 per cent fall
in house sales, one per cent fall in unit sales and 35 per cent rise in
vacant land sales over the week.
There were 11,319 properties for sale in Perth at the end of this week, which is in line with last week.
A closer look at listing stock levels
shows house listings remained stable, listings for units remained stable and
listings for vacant land increased by one per cent.
This week's total figure is
three per cent lower than levels seen four weeks ago and are 30 per cent lower
than levels seen a year ago.
REIWA members reported there were 4,676 properties for rent in Perth at the end of this week, which is three per
cent less than last week.
This week's rental listings figure is 16 per cent
lower than levels seen four weeks ago and are 38 per cent lower than levels
seen a year ago.
activity decreased 16 per cent in Perth this week, with REIWA members reporting
803 properties leased. The decline in leasing activity can be attributed to the
WA Day holiday last week.
Compared to the same
week last year, leasing activity is eight per cent higher, an encouraging improvement.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.
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