09 November 2020
Sales activity decreased one per cent
in Perth last week, with REIWA members reporting 910 transactions.
This decrease can be attributed to a
seven per cent fall in house sales, a five per cent rise in unit sales, and a
25 per cent rise in vacant land sales over the week.
Properties for sale
There were 10,221 properties for sale in Perth at the end of last week, which is
one per cent more than the previous week.
A closer look at listing stock levels
shows house listings increased by two per cent, listings for units increased by
one per cent and listings for vacant land decreased by one per cent.
Last week's total figure is two per cent lower than 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
2,814 properties for rent in Perth at the end of last week, which is
one per cent more than the previous week.
Last week's rental listings figure is
five per cent lower than levels seen four weeks ago and are 54 per cent lower
than levels seen a year ago.
View our Perth Market Snapshot graph for a
detailed breakdown of the past week.