LO­CAL SALES SURGE

Fremantle Gazette - - RESIDENTIAL -

IN the four weeks to July 3, 2017 there were 214 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 21 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 14 per cent.

The over­all Perth mar­ket sales in­creased to 2505, a rise of 18 per cent over the four­week pe­riod and re­mains 8 per cent higher than the same time last year.

East Fre­man­tle tops the list for the high­est num­ber of sales at 13.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 7 per cent over the last four weeks but is 3 per cent higher than the same time last year.

To­tal list­ings in the Perth metro re­gion de­creased by 5 per cent over the four-week pe­riod and is 2 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area de­creased by one day to 74 days for the three months to June. The av­er­age time to sell in the Perth metro re­gion in­creased by three days to 70 days.

REIWA mem­bers re­ported 378 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 29 per cent over the last four weeks and is 16 per cent higher than the same time last year.

List­ings in the Fre­man­tle Cock­burn Gazette area have fallen by 3 per cent in the four-week pe­riod and are 9 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings re­main sta­ble over the four-week pe­riod but are 3 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to June is $370/week, which is $30 lower than the three months to June 2016. Sim­i­larly, the over­all me­dian rent for Perth has seen a $30 de­crease in the three months to June.

Av­er­age time to rent in the lo­cal area has in­creased to 51 days in the three months to June 2017.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.