Perth Market Snapshot for the week ending 10 October 2021
Sales activity increased 25 per cent in Perth last week, with REIWA reporting 1,024 transactions.
This increase can be attributed to a 21 per cent increase in house sales, a 25 per cent increase in unit sales and a 67 per cent increase in land sales.
PROPERTIES FOR SALE
There were 8,445 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, unit listings were stable and vacant land listings decreased by one per cent.
Last week’s total figure is one per cent lower than four weeks ago and 19 per cent lower than a year ago.
Pulse Property Group’s Team Addenbrooke put 6 properties Under Offer last week, with multiple offers on each and qualified buyers waiting.
PERTH RENTAL MARKET
REIWA reported there were 2,289 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 two per cent lower than four weeks ago and 23 per cent lower than the same time last year.
Leasing activity increased 16 per cent in Perth last week, with REIWA reporting 642 properties leased.
Pulse Property Group’s Management Department leased 5 properties last week and maintain a 0% vacancy rate.
View REIWA’s Perth Market Snapshot graphic for a complete breakdown of the past week.
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