BUSI­NESS BOOM­ING IN HILLS, HIGH WY­COMBE SHOWS WAY

Avon Valley Gazette - - RESIDENTIAL -

IN the four weeks to March 12 there were 160 lo­cal prop­erty sales across houses, units and land, an in­crease of 20 per cent over the four- week pe­riod.

Com­pared to the same time last year, sales are higher by 15 per cent. Over­all Perth mar­ket sales have in­creased to 2402, a rise of 9 per cent over the four- week pe­riod and re­mains 3 per cent higher than the same time last year. High Wy­combe tops the list for the high­est num­ber of sales at 16.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 2 per cent over the past four weeks but are 9 per cent lower than the same time last year. To­tal list­ings in the Perth metro re­gion have in­creased by 3 per cent but are 4 per cent lower than the same time last year. The av­er­age time to sell in the lo­cal area has in­creased by three days to 83 for the three months to Fe­bru­ary. The av­er­age time to sell in the Perth metro re­gion has de­creased by two days to 70.

REIWA mem­bers re­ported 177 to­tal prop­er­ties ( houses and units) leased for the four­week pe­riod, a de­crease of 5 per cent over the past four weeks and is 10 per cent lower than the same time last year. List­ings in the Hills Gazette area have re­mained sta­ble in the four- week pe­riod but are 5 per cent lower than the same time last year. The over­all mar­ket has seen list­ings fall 1 per cent and are 19 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Fe­bru­ary 2018 is $ 330/ week, $ 20 lower than the three months to Fe­bru­ary 2017.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $ 10 de­crease in the three months to Fe­bru­ary.

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