Tuesday, June 23, 2020

Land Sales Starting to Show in Perth

REIWA has just reported that last week saw a massive increase in land sales. Anecdotally, those that had land to sell reported that their phone was ringing off the hook with developers and potential buyers. Last week there was a 7.7% increase in house sales, 1.8% increase in unit sales and... 58.5% increase in vacant land sales! Availability of rentals are down 44% from last year and 17% lower than a month ago.

Have a look at this graph and come back in a few weeks to see what happened to property sales following the Federal and State Government rebates announced recently.

Source: REIWA and Landgate

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