Southern Gazette (South Perth) - - Residential -

RENTAL PROP­ER­TIES leased by REIWA mem­bers lifted for the four-week pe­riod by 3 per cent and 8 per cent since this time last year.

Leases in the Perth mar­ket rose by 8 per cent over the four weeks and 14 per cent an­nu­ally.

The av­er­age time to lease has in­creased by 19 days in the area over the year and is sit­ting on 63 days.

List­ings have in­creased marginally since the last four-week pe­riod and have in­creased 102 per cent since Oc­to­ber 2013.

Me­dian weekly rents have fallen in the Perth re­gion by 4 per cent over­all, but the lo­cal area showed a 2 per cent fall over the year.

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