22 November 2016

Source :

According to the Real Estate Institute of WA, real estate sales activity in the Perth metro area lifted 17 per cent over the week (to 22 November), with an impressive 659 transactions recorded.

The lift can be attributed to a 15 per cent increase in house sales, an 11 per cent lift in unit sales and a 49 per cent increase in vacant land sales.

Listings for sale

The total number of properties listed for sale in Perth increased by one per cent this week.

Listings for houses and vacant land both increased by one and two per cent respectively, while unit listings were unchanged over the week.

The total number of listings recorded this week is four per cent higher than four weeks ago and eight per cent lower than the same time last year.

Perth rental market

REIWA members reported that the total number of properties available for rent in Perth remained stable over the week at 10,667.

This figure is one per cent lower than four weeks ago and 15 per cent higher than the same time last year.

Take a look at the breakdown for late November (week to 22 November 2016) or to view St Ives Realty’s latest listings for Perth rental properties and Perth property for sale, click here.