MUCH BET­TER THAN 2017

Southern Gazette (Belmont) - - RESIDENTIAL -

IN the four weeks to March 26 there were 189 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 10 per cent over the four­week pe­riod.

Com­pared to the same time last year, sales are higher by 17 per cent.

Over­all Perth mar­ket sales have de­creased to 2276, a fall of 6 per cent over the four-week pe­riod and re­mains 2 per cent lower than the same time last year.

Como tops the list for the high­est num­ber of sales at 29.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 6 per cent over the past four weeks but is 5 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion have in­creased by 4 per cent but are 2 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area has de­creased by six days to 64 for the three months to Fe­bru­ary.

The av­er­age time to sell in the Perth metro re­gion has de­creased by three days to 69.

REIWA mem­bers re­ported 422 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, a de­crease of 21 per cent over the past four weeks and is 7 per cent lower than the same time last year.

List­ings in the South­ern Gazette area have fallen by 4 per cent in the four-week pe­riod and are 22 per cent lower than the same time last year. The over­all mar­ket has seen list­ings re­main sta­ble over the four-week pe­riod but are 19 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Fe­bru­ary 2018 is $340/week, which is $20 lower than the three months to Fe­bru­ary 2017. Sim­i­larly, the over­all me­dian rent for Perth has seen a $10 de­crease in the three months to Fe­bru­ary.

The av­er­age time to rent in the lo­cal area has de­creased to 49 days in the three months to Fe­bru­ary.

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