SALES LULL DE­FIES TREND

Mandurah Coastal Times - - RESIDENTIAL -

In the four weeks to Oc­to­ber 24, there were 145 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 6 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 3 per cent.

Over­all Perth mar­ket sales have in­creased to 2294, a rise of 16 per cent over the four-week pe­riod and re­mains 4 per cent higher than the same time last year.

Halls Head tops the list for the high­est num­ber of sales at 16.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 4 per cent over the past four weeks but is 2 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion have in­creased by 5 per cent but 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 106 for the three months to Septem­ber.

The aver­age time to sell in the Perth met­ro­pol­i­tan re­gion has in­creased by three days to 72.

REIWA mem­bers re­ported 261 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, an in­crease of 25 per cent over the past four weeks and is 8 per cent higher than the same time last year.

List­ings in the Times area have fallen by 9 per cent in the four-week pe­riod and are 17 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings fall 5 per cent and are 12 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Septem­ber 2017 is $300/week, which is $20 lower than the three months to Septem­ber 2016.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $20 de­crease in the three months to Septem­ber 2017.

The aver­age time to rent in the lo­cal area has in­creased to 60 days in the three months to Septem­ber.

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