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Perth has recorded a steady increase in sales activity during the first week of the month, driven by the boost in land sales, according to the latest report from the Real Estate Institute of Western Australia (REIWA).
The following chart shows the change in median for a certain state capital.
Overall dwelling approvals remained elevated in May, with the detached housing segment still holding strong due to the HomeBuilder scheme, according to the Australian Bureau of Statistics and the Housing Industry Association (HIA).
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