Home News Perth market picks up as sales activity trends higher

Perth market picks up as sales activity trends higher

Font size :

Perth is showing signs of life as sales trends higher.

Perth market showed signs of improvement week-over-week as its sales activity grew by 15% during the week ending October 7, according to The Real Estate Institute of Western Australia (REIWA).

Delving into the data, REIWA associated the upward shift to recorded hikes in property sales.  House sales increased by 12%, while unit sales climbed by 15%. Lastly, a 44% rise in vacant land sales was logged over the week.

The number of listings for sale, though, rose by 3%. This translated to 14,117 properties up for grabs by the end of the week.

The week's total listings figure is also 6% higher than the records from the same period in 2017.

House and unit listings increased by 4%, while listings for vacant land remained steady.

Finally, Perth rental market saw 7,271 properties for rent at the end of this week. Similar to the preceding week, it is 3% and 26% lower than the level seen four weeks ago and in 2017, respectively.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

ANZ plans ramping up investor lending ANZ plans ramping up investor lending

The bank's home lending was almost flat due to the decline in investor loans Read more

Foreign buyers are ditching Australia's housing market Foreign buyers are ditching Australia's housing market But one state remains a bright spot for foreign property investment ... Read more

Going to the bank or meeting a broker? Going to the bank or meeting a broker? Both can help new home-owners in securing a loan, but which one will hand down the best deal? ... Read more

How to approach a 'honeymoon' rate How to approach a 'honeymoon' rate The first year of a home loan is considered to be the most stressful, but will a temporary discount help you get ahead? Or trip you up in the long-run? ... Read more

More mortgage news and articles

Sponsored Links

Wednesday, Feb 20, 2019
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords