RISE IN HOME SALES

Midland Reporter - - Suburban Snapshot -

IN the four weeks to Oc­to­ber 9, there were 93 lo­cal prop­erty sales across houses, units and land – a de­crease of 4 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 11 per cent.

Over­all Perth market sales have in­creased to 2189, a rise of 6 per cent in the four­week pe­riod and re­mains 11 per cent higher than the same time last year. For­rest­field tops the list for the high­est num­ber of sales at 20.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 1 per cent over the last four weeks and is 8 per cent higher than the same time last year.

To­tal list­ings in the Perth Metro Re­gion have in­creased by 2 per cent but are 8 per cent lower than the same time last year. The av­er­age time to sell in the lo­cal area has in­creased by 12 days to count 82 days for the three months to Septem­ber 2017.

The av­er­age time to sell in the Perth Metro Re­gion has in­creased by three days to count 72 days.

REIWA mem­bers re­ported 159 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, an in­crease of 12 per cent over the last four weeks and is 3 per cent higher than the same time last year.

List­ings in the Mid­landKala­munda Re­porter area have fallen by 6 per cent in the four-week pe­riod but are 25 per cent higher than the same time last year. The over­all market has seen list­ings fall 3 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 $330/week – $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.

Av­er­age time to rent in the lo­cal area has in­creased to 60 days in the three months to Septem­ber 2017.

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