Lakelands records 36 per cent increase in sales activity in 2019, highest in Perth

Lakelands recorded a 36 per cent increase in housing sales activity in 2019 - the highest of any suburb in the wider Perth region.

The latest available data from the Real Estate Institute of Western Australia (REIWA) shows Lakelands at the top of the tree, with Erskine also featuring in the top ten with a 14 per cent increase.

REIWA President Damian Collins said while the property market experienced fairly subdued conditions in 2019, it was positive to see some suburbs that have improved over the year.

"Last year, sales activity in Perth decreased five per cent, while 57 suburbs bucked this trend to show an increase in activity, with Lakelands demonstrating a 36 per cent increase," he said.

"Increase in sales turnover and a reduction in selling days is often a leading indicator of future price growth in a suburb.

"While sales activity in the lower-priced end of the Perth market remains soft, activity in the 600,000 plus price range has strengthened, which has created increased demand among trade up buyers who now make up 53 per cent of buyers.

"Home owners in these suburbs who are thinking of selling are well placed to secure a sale at a favourable price and should listen to the advice of their real estate agent to ensure they price their property in line with market conditions."