SALES UP ON LAST YEAR

Southern Gazette (Belmont) - - RESIDENTIAL -

IN the four weeks to Novem­ber 20 there were 149 lo­cal prop­erty sales across houses, units and land which is an in­crease of 1 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 8 per cent. The over­all Perth mar­ket sales have in­creased to 2423, a rise of 9 per cent over the four-week pe­riod and re­mains 7 per cent higher than the same time last year.

Como tops the list for the high­est num­ber of sales at 22.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 10 per cent over the last four weeks but is 1 per cent lower than the same time last year. To­tal list­ings in the Perth metro re­gion have in­creased by 7 per cent but is 5 per cent lower than the same time last year. The av­er­age time to sell in the lo­cal area has in­creased by 13 days to 78 for the three months to Oc­to­ber. The av­er­age time to sell in the Perth metro re­gion has in­creased by three days to 68.

REIWA mem­bers re­ported 401 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, an in­crease of 1 per cent over the last four weeks but is 16 per cent lower than the same time last year. List­ings in the South­ern Gazette area have risen by 3 per cent in the four-week pe­riod but are 10 per cent lower than the same time last year. The over­all mar­ket has seen list­ings re­main sta­ble over the four-week pe­riod but 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 Oc­to­ber 2017 is $350/week which is $20 lower than the three months to Oc­to­ber 2016. Sim­i­larly, the over­all me­dian rent for Perth has seen a $15 de­crease in the three months to Oc­to­ber.

The av­er­age time to rent in the lo­cal area has re­mained sta­ble at 53 days in the three months to Oc­to­ber 2017.

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