STEADY AS SHE GOES

Comment News (Gosnells) - - Residential -

IN the four weeks to Fe­bru­ary 27 there were 284 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 22 per cent over the four-week pe­riod. Com­pared to the same time last year, sales are un­changed. The over­all Perth mar­ket has seen sales in­crease by 41 per cent to 2728 sales across houses, units and land over the four-week pe­riod and is 13 per cent higher than the same time last year.

Can­ning Vale tops the list for the high­est num­ber of sales at 47.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 3 per cent over the past four weeks but are 1 per cent lower than the same time last year. To­tal list­ings in the Perth metro re­gion have lifted by 2 per cent over the four-week pe­riod but re­main 2 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area has in­creased for the three months to Jan­uary 2017 by 7 days to 75. The av­er­age time to sell in the Perth metro re­gion has re­mained sta­ble at 68 days.

REIWA mem­bers re­ported 440 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, an in­crease of 7 per cent com­pared to the past four weeks and is 13 per cent higher than the same time last year.

List­ings in the lo­cal area have re­mained sta­ble in the four-week pe­riod but re­main 23 per cent higher than the same time last year. The over­all mar­ket has seen list­ings de­crease by 1 per cent across the four-week pe­riod but re­mains 12 per cent above the same time last year.

The over­all me­dian weekly rent in the lo­cal area for the three months to Jan­uary 2017 is $325/week, which is $45/week lower than the three months to Jan­uary 2016. Sim­i­larly, the over­all me­dian rent for Perth has also seen a $40/week de­crease in the three months to Jan­uary 2017 to $360/week. The av­er­age time to rent in the lo­cal area has in­creased by six days to 52.

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