SALES UP SLIGHTLY

Midland Reporter - - News -

IN the four weeks to July 17 there were 102 lo­cal prop­erty sales across houses, units and land which is an in­crease of 4 per cent over the four-week pe­riod. Com­pared to the same time last year, sales are higher by 4 per cent. The over­all Perth mar­ket sales have in­creased to 2351, a rise of 7 per cent over the four-week pe­riod and re­main 8 per cent higher than the same time last year.

High Wycombe tops the list for the high­est num­ber of sales at 16.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 8 per cent over the last four weeks but are 18 per cent higher than the same time last year.

To­tal list­ings in the Perth Metro Re­gion have de­creased by 7 per cent over the four­week pe­riod and are 4 per cent lower than the same time last year. The av­er­age time to sell in the lo­cal area has in­creased by nine days to 80 days for the three months to June 2017. The av­er­age time to sell in the Perth Metro Re­gion has in­creased by three days to 70 days.

REIWA mem­bers re­ported 143 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, a de­crease of 13 per cent over the last four weeks but 13 per cent higher than the same time last year. List­ings in the Mid­land-Kala­munda Re­porter area have risen by 8 per cent in the four­week pe­riod and are 15 per cent higher than the same time last year. The over­all mar­ket has seen list­ings re­main sta­ble over the four­week pe­riod but are 5 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to June 2017 is $330/week which is $30 lower than the three months to June 2016. The over­all me­dian rent for Perth has seen a $30 de­crease in the three months to June 2017. Av­er­age time to rent in the lo­cal area has in­creased to 54 days in the three months.

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