Sales take a dip

Hills Gazette - - EDUCATION MATTERS -

IN the four weeks to July 30, 2018, there were 124 lo­cal prop­erty sales across houses, units and land which is an in­crease of 5 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 15 per cent. The over­all Perth mar­ket sales have de­creased to 1834, a fall of 12 per cent over the four­week pe­riod and re­mains 11 per cent lower than the same time last year.

For­rest­field tops the list for the high­est num­ber of sales at 18.

Prop­er­ties avail­able for sale in the lo­cal area have re­mained sta­ble over the last four weeks and is 3 per cent higher than the same time last year.

To­tal list­ings in the Perth metro re­gion have de­creased by 1 per cent over the four-week pe­riod but 4 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 days for the three months to June 2018. The av­er­age time to sell in the Perth metro re­gion has fallen by two days to 69 days.

Reiwa mem­bers re­ported 234 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 7 per cent over the last four weeks and is 16 per cent higher than the same time last year. List­ings in the Hills Gazette area have risen by 3 per cent in the four-week pe­riod but are 21 per cent lower than the same time last year. The over­all mar­ket has seen list­ings fall 1 per cent and are 24 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 2018. Av­er­age time to rent in the lo­cal area has de­creased to 51 days.

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