Slight rise in num­ber of lo­cal prop­er­ties for sale

Avon Valley Gazette - - NEWS -

IN the four weeks to July 2 2018 there were 124 lo­cal prop­erty sales across houses, units and land which is a de­crease of 1 per cent over the four- week pe­riod. Com­pared to the same time last year, sales are lower by 22 per cent. The over­all Perth mar­ket sales have in­creased to 2171, a rise of 14 per cent over the four- week pe­riod but re­mains 9 per cent lower than the same time last year. High Wy­combe tops the list for the high­est num­ber of sales at 12.

Prop­er­ties avail­able for sale in the lo­cal area have re­mained sta­ble over the past four weeks and is 1 per cent higher than the same time last year. To­tal list­ings in the Perth metro re­gion have de­creased by 3 per cent over the four- week pe­riod but are 1 per cent higher than the same time last year. The av­er­age time to sell in the lo­cal area has de­creased by two days to 85 for the three months to June.

The av­er­age time to sell in the Perth metro re­gion has de­creased by two days to 69.

REIWA mem­bers re­ported 219 to­tal prop­er­ties ( houses and units) leased for the four- week pe­riod, an in­crease of 16 per cent over the past four weeks and is 14 per cent higher than the same time last year. List­ings in the Hills Gazette area have fallen by 6 per cent in the four- week pe­riod and are 19 per cent lower than the same time last year. The over­all mar­ket has seen list­ings rise 1 per cent over the four- week pe­riod but are 23 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to June 2018 is $ 320/ week, which is $ 20 lower than the three months to June 2017. Sim­i­larly, the over­all me­dian rent for Perth has seen no change in the three months to June.

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