- 763 Sales transactions occurred last week, according to REIWA
- 34 per cent less houses for sale compared to this time last year
- Scarborough followed by Baldivis are top selling suburbs
- Number of rentals also down; 53 per cent lower compared to this time last year
The data also reveals the number of properties for sale in Perth at the end of last week was up one per cent at 8,312. However, this represents a 34 per cent drop compared to this time last year.
A nine per cent rise in in both house sales and vacant land sales – alongside a 17 percent rise in unit sales – all contributed to the sales activity rise.
Of the 540 houses sold in Perth last week, 15 came from Scarborough, making the coastal suburb the top selling suburb in Perth with Baldivis coming in a close second place. The next most popular suburb was Innaloo with nine followed by Butler, Ellenbrook and Canning Vale all with eight sales each.
Rentals up too
Activity in the rental market is higher with 2,912 properties for rent in Perth, three per cent higher than last week.
812 properties were leased last week with 38 of these located in East Perth. The following three most leased suburbs were also located in the inner metropolitan area; Perth, Rivervale and South Perth.
Most notably the number of rentals listed is 53 per cent lower than level seen a year ago; 2912 properties are available for rent now compared to 6154 this week last year.
Perth and East Perth have by far the most available rentals at 133 and 131 respectively.