Perth saw a 3.7% increase in property transactions last week, with REIWA members reporting 917 deals.
House sales jumped 13.3%, while land sales rose 14%. However, unit sales fell significantly, dropping by 21.2%.
Perth’s highest sale price was recorded in Camillo at $4,000,000, while the lowest sale price was $275,000 in Caversham.
The total number of properties for sale in Perth reached 4,751, up 3.6% from the previous week.
House and unit listings both saw increases of 3.6% and 6.4%, respectively, while land listings dropped by 2.6%.
Compared to a month ago, listings are 18.6% higher but remain 5.2% lower than this time last year.
The rental market saw a slight decline, with 1,955 properties available – 1.6% fewer than the previous week. While rental listings are 3.8% lower than four weeks ago, they have increased by 14.5% compared to last year.
REIWA members reported 607 leases finalized last week, a 0.7% decline from the previous week.
Leasing activity was also down 3.5% compared to a month ago and 1.8% below levels from a year earlier.
Read the Perth weekly snapshot report on LinkedIn or on the REIWA website.
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