WAN­NEROO IS ON TOP

Joondalup Weekender - - News -

IN the four weeks to June 4, 2018 there were 365 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 3 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 10 per cent.

The over­all Perth mar­ket sales de­creased to 1968, a fall of 11 per cent over the four­week pe­riod and re­mains 5 per cent lower than the same time last year.

Wan­neroo tops the list for the high­est num­ber of sales at 21.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 1 per cent over the last four weeks but is 5 per cent higher 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 sim­i­lar to the same time last year.

The av­er­age time to sell in the lo­cal area de­creased by five days to 63 days for the three months to May 2018.

The av­er­age time to sell in the Perth metro re­gion de­creased by four days to 67 days.

REIWA mem­bers re­ported 487 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, a de­crease of 9 per cent over the last four weeks and is 5 per cent lower than the same time last year.

Listings in the Week­ender area have risen by 3 per cent in the four-week pe­riod but are 28 per cent lower than the same time last year.

The over­all mar­ket has seen listings fall 4 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 May 2018 is $350/week, which is $20 lower than the three months to May 2017.

Sim­i­larly, the over­all me­dian rent for Perth has not seen a change in the three months to May 2018.

Av­er­age time to rent in the lo­cal area has de­creased to 44 days in the three months to May 2018.

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