Perth Market Snapshot for the week ending 10 January 2021
Sales activity increased 201 per cent in Perth last week, with REIWA members reporting 699 transactions.
This increase can be attributed to a 181 per cent rise in house sales, 318 per cent rise in unit sales and 211 per cent rise in vacant land sales over the week.
Properties for sale
There were 8,263 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 decreased by one per cent, listings for units remained stable and listings for vacant land increased by five per cent.
Last week's total figure is 13 per cent lower than levels seen four weeks ago and are 33 per cent lower than levels seen a year ago.
Perth rental market
REIWA members reported there were 2,835 properties for rent in Perth at the end of last week, which is 16 per cent more than the previous week.
Last week's rental listings figure is seven per cent lower than levels seen four weeks ago and are 54 per cent lower than levels seen a year ago.