RE­BOUND EX­PECTED AFTER FALL

Southern Gazette (South Perth) - - Residential -

SALES RE­PORTED sales by REIWA mem­bers in th­e­South­ern Gazette area for the four weeks to Septem­ber 29 were down 17 per cent and this was due pri­mar­ily to a fall in re­ported house sales.

This comes after a pe­riod of rel­a­tively sta­ble ac­tiv­ity over the past two months.

How­ever the lo­cal re­sult is not sur­pris­ing be­cause re­ported sales for the over­all Perth mar­ket were also down 10 per cent for the cor­re­spond­ing pe­riod. Septem­ber is tra­di­tion­ally a softer sales pe­riod, but ac­tiv­ity is ex­pected to re­bound in Oc­to­ber.

Lo­cally, the top five sell­ing sub­urbs are un­changed, with River­vale ris­ing to the top with solid multi-res­i­den­tial pre-sales.

But Cloverdale has dis­placed Bur­swood in the top five list­ing sub­urbs as lo­cal list­ings for sales in­creased by 4 per cent over the past four weeks.

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