PROP­ERTY SALES PICK UP

Hills Gazette (Kalamunda) - - RESIDENTIAL -

IN the four weeks to April 24 there were 139 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 7 per cent over the four-week pe­riod. Com­pared to the same time last year, sales are higher by 4 per cent.

Over­all Perth mar­ket sales have de­creased to 2259, a fall of 4 per cent over the four-week pe­riod and 3 per cent lower than the same time last year.

High Wycombe tops the list for the high­est num­ber of sales at 15.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 3 per cent over the past four weeks but is 2 per cent higher than the same time last year.

To­tal list­ings in the Perth metro re­gion have re­mained sta­ble over the four-week pe­riod but is 2 per cent higher than the same time last year. The av­er­age time to sell in the lo­cal area has de­creased by five days to 80 for the three months to March 2017.

The av­er­age time to sell in the Perth metro re­gion has in­creased by four days to 72.

REIWA mem­bers re­ported 179 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, a de­crease of 11 per cent over the past four weeks and is 4 per cent lower than the same time last year.

List­ings in the Hills Gazette area have risen by 2 per cent in the four-week pe­riod and are 7 per cent higher than the same time last year.

The over­all mar­ket has seen list­ings rise 1 per cent over the four-week pe­riod and is 5 per cent higher than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to March 2017 is $340/week, which is $35 lower than the three months to March 2016.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $36 de­crease in the three months to March 2017.

The av­er­age time to rent in the lo­cal area has in­creased to 57 days in the three months to March 2017.

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