- Posted By Slavko Milicevic
Perth market snapshot for the week ending 19 April 2020
Sales activity increased 8.3 per cent in Perth this week, with REIWA members reporting 286 transactions.
This increase can be attributed to a eight per cent rise in house sales, 2.5 per cent increase in unit sales and 20.8 per cent increase in vacant land sales over the week.
Properties for sale
There were 12,068 properties for sale in Perth at the end of this week, which is 1.7 per cent lower than last week.
A closer look at listing stock levels shows house listings decreased by 1.8 per cent, listings for units decreased by 1.6 per cent and vacant land listings decreased by 1.5 per cent.
This week's total figure for properties listed for sale is five per cent lower than levels seen four weeks ago and is 28 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 5,703 properties for rent in Perth at the end of this week, which is one per cent more than last week.
This week's rental listings figure is five per cent higher than levels seen four weeks ago and is 19 per cent lower than levels seen a year ago.
Leasing activity increased 12 per cent in Perth this week, with REIWA members reporting 733 properties leased.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.