AC­TIV­ITY ON IN­CREASE

Melville Times - - Residential -

In the four weeks to Au­gust 13 there were 110 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 17 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 11 per cent. The over­all Perth mar­ket sales have de­creased to 2006, a fall of 1 per cent over the four­week pe­riod but re­mains sim­i­lar to the same time last year. Bic­ton tops the list for the high­est num­ber of sales at nine.

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

To­tal list­ings in the Perth metro re­gion have de­creased by 4 per cent over the four­week pe­riod but is 1 per cent higher than the same time last year. The av­er­age time to sell in the lo­cal area has in­creased by two days to 67 for the three months to July 2018. The av­er­age time to sell in the Perth metro re­gion has de­creased by one day to 72.

REIWA mem­bers re­ported 161 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 23 per cent over the last four weeks but is 15 per cent lower than the same time last year.

List­ings in the Melville Times area have fallen by 2 per cent in the four-week pe­riod and are 21 per cent lower than the same time last year. The over­all mar­ket has seen list­ings fall 3 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 July 2018 is $400/week, which is $20 lower than the three months to July 2017.

Sim­i­larly, the over­all me­dian rent for Perth has seen no change in the three months to July 2018. Av­er­age time to rent in the lo­cal area has de­creased to 51 days in the three months to July 2018. 9

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