Perth’s property market continues to show signs of strength, with sales transactions increasing last week.

A total of 866 properties changed hands, marking a 4.2% rise compared to the previous week. This growth was primarily driven by a 13.5% increase in house sales, while unit sales saw a modest 2.2% uptick. Conversely, land sales experienced a 43% decline.

Armadale, Baldivis, Gosnells, Perth, and Canning Vale emerged as the top-performing suburbs for sales.

Inventory levels remain tight, with a total of 3,285 properties available for sale. While house and unit listings dipped slightly, vacant land listings increased by 10.5%. Compared to a year ago, the overall number of properties for sale is down by 37.5%.

Perth’s rental market continues to show stability. The number of properties available for rent decreased by 2.4% last week, with Perth, Baldivis, East Perth, Maylands, and Scarborough experiencing the highest rental demand. A total of 713 properties were leased, an 11.8% increase compared to the previous week.

These figures indicate a robust Perth property market with strong sales activity and steady rental demand.