Growth seen in all aspects of market
West Real Estate
Sales activity in the Perth metropolitan region increased in July, with REIWA data showing volumes were up 68 per cent compared to the COVID-19 low in April across both dwellings and land sales.
Land saw a 121 per cent increase in sales compared to April, while houses and units enjoyed a 58 per cent and 51 per cent uptick in sales.
Urban Development Institute of Australia (UDIA) WA also noted a massive increase in land sales on the back of state and federal government incentives, with 3322 new lots sold in the June 2020 quarter compared with 1999 in the previous quarter – a 126 per cent increase.
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