Perth Market Snapshot for the week ending 6 December 2020
7 December 2020"Sales activity increased four per cent in Perth last week, with REIWA members reporting 1,074 transactions. Find out how the rest of the property market performed."
This increase can be attributed to a no change in house sales, a no change in unit sales, and a 44 per cent rise in vacant land sales over the week.
Properties for sale
There were 9,723 properties for sale in Perth at the end of last week, which is four per cent less than the previous week.
A closer look at listing stock levels shows house and unit listings decreased by four per cent, whereas listings for vacant land decreased by three per cent.
Last week's total figure is five per cent lower than levels seen four weeks ago and are 30 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 2,934 properties for rent in Perth at the end of last week, which is two per cent more than the previous week.
Last week's rental listings figure is four per cent higher than levels seen four weeks ago but are 51 per cent lower than levels seen a year ago.
View our Perth Market Snapshot graph for a detailed breakdown of the past week.
