PROP­ERTY SALES STAY STEADY

Southern Gazette (South Perth) - - Residential -

SALES RE­PORTED sales by REIWA mem­bers across the South­ern Gazette for the four weeks to Septem­ber 1 were un­changed from the pre­vi­ous four weeks at 226 and vir­tu­ally the same as 12 months ago.

How­ever, within the past 4 weeks, house sales in­creased from 113 to 127 while unit sales fell from 103 to 90. This most likely re­flects softer in­vestor ac­tiv­ity which makes up about half of the unit mar­ket and is a ma­jor part of the South­ern Gazette area. Go­ing against the gen­eral mar­ket trend, prop­erty listed for sale lo­cally in­creased 10% from 4 weeks ago and is up 34% on the same time last year with unit list­ings rep­re­sent­ing the ma­jor com­po­nent.

By com­par­i­son to the sta­ble lo­cal mar­ket, re­ported sales for the over­all Perth mar­ket in­creased 11% on the pre­vi­ous four week pe­riod but were down 3% on 12 months ago.

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