LEAS­ING UP BY YEAR, NOT QUAR­TER

Melville Times - - Residential -

PERTH leas­ing ac­tiv­ity has in­creased by 6 per cent in the past 12 months de­spite ex­pe­ri­enc­ing a de­cline in ac­tiv­ity on a quar­terly ba­sis.

“The data for the June quar­ter clearly shows an uptick in ac­tiv­ity on an an­nual ba­sis across the board, which is pleas­ing,” REIWA pres­i­dent Hay­den Groves said.

“We’re see­ing no­tably more prop­er­ties be­ing leased now than we were this time last year.

“The stand­out per­form­ers were the South-East and Cen­tral sub-re­gions, which im­proved by 10.5 per cent and 6.6 per cent re­spec­tively when com­par­ing the June 2017 quar­ter and June 2016 quar­ter.”

While all five sub-re­gions across the met­ro­pol­i­tan saw lifts in their an­nual ac­tiv­ity lev­els, there was only a hand­ful of sub­urbs that saw the vol­ume of leased rentals in­crease over the quar­ter.

“Hunt­ing­dale, Boor­a­goon, Bed­ford, Au­bin Grove and Sor­rento saw the big­gest im­prove­ment in leas­ing ac­tiv­ity in the three months to June 2017,” Mr Groves said.

Perth’s over­all me­dian rent price soft­ened in the June quar­ter, drop­ping slightly to $350 per week from $360 in the March quar­ter.

Mr Groves said this was a trend felt across each of the sub­re­gions but a num­ber of sub­urbs had recorded in­creases in their over­all me­dian rent price.

“Kar­rinyup was the best-per­form­ing sub­urb for rent price, with its over­all me­dian lift­ing to $570 per week for the three months to June,” he said.

“Other sub­urbs to record a pos­i­tive growth to their me­dian prices were Boor­a­goon, East Fre­man­tle, Mt Pleas­ant and Min­darie.”

REIWA.com data also showed it took an av­er­age 52 days for land­lords to se­cure a ten­ant for their rental in the June quar­ter, an in­crease of only one day from the Mach quar­ter.

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