SALES RISE BY 15 PER CENT

Hills Gazette (Kalamunda) - - OPINION -

IN the four weeks to Septem­ber 11, there were 150 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 15 per cent over the pe­riod.

Com­pared to the same time last year, sales are higher by 6 per cent.

Over­all Perth mar­ket sales have in­creased to 2136, a rise of 5 per cent over the four-week pe­riod and re­mains 5 per cent higher than the same time last year.

For­rest­field tops the list for the high­est num­ber of sales at 17.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 1 per cent over the past four weeks and is 2 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion have de­creased by 1 per cent over the four­week pe­riod and is 8 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area has in­creased by 10 days to 85 for the three months to Au­gust. The av­er­age time to sell in the Perth metro re­gion has in­creased by three days to 72.

REIWA mem­bers re­ported 184 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, a drop of 3 per cent over the past four weeks and is 1 per cent lower than the same time last year.

List­ings in the Hills Gazette area have fallen by 3 per cent in the four-week pe­riod but are 20 per cent higher than the same time last year.

The over­all mar­ket has seen list­ings fall 4 per cent and are 9 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Au­gust 2017 is $340/week, which is $20 lower than the three months to Au­gust 2016.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $25 de­crease in the three months to Au­gust 2017.

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

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