26 October 2016

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Late October saw overall sales activity in Perth drop by four per cent.

According to the Real Estate Institute of WA, the change was attributed to a six per cent decrease in house sales, while sales for units remained stable and vacant land sales experienced a healthy 14 per cent increase.

Listings for sale

The total number of properties for sale in Perth lifted two per cent this week, to 14,948.

Taking a closer look, listings for units, houses and vacant land increased by one, two and three per cent respectively.

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 for rent in Perth increased marginally by one per cent to 10,594 this week.

This figure is one per cent lower than four weeks ago and 22 per cent higher than the same time last year.

Take a look at the breakdown for late October (week to 25 October 2016) or to view St Ives Realty’s latest listings for Perth rental properties and Perth property for sale, click here.