SMALL SALES UPTICK

Kalamunda Reporter - - Suburban Snapshot -

IN the four weeks to Au­gust 14 2017 there were 80 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 19 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 3 per cent. The over­all Perth mar­ket sales have de­creased to 2105, a fall of 8 per cent over the four-week pe­riod but re­mains 2 per cent higher than the same time last year. High Wy­combe tops the list for the high­est num­ber of sales at 13.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 6 per cent over the past four weeks but is 17 per cent higher than the same time last year.

To­tal list­ings in the Perth metro re­gion have de­creased by 3 per cent over the four­week pe­riod and is 6 per cent lower than the same time last year. The av­er­age time to sell in the lo­cal area has in­creased by 11 days to 81 for the three months to July 2017. The av­er­age time to sell in the Perth metro re­gion has in­creased by three days to 72.

REIWA mem­bers re­ported 147 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 3 per cent over the past four weeks but is 9 per cent lower than the same time last year.

List­ings in the Reporter area have risen by 4 per cent in the four-week pe­riod and are 27 per cent higher than the same time last year. The over­all mar­ket has seen list­ings fall 4 per cent and are 7 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to July 2017 is $325/week, which is $35 lower than the three months to July 2016.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $30 de­crease in the three months to July 2017. Av­er­age time to rent in the lo­cal area has de­creased to 54 days in the three months to July 2017.

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