RENTALS STILL UP ON LAST YEAR

Southern Gazette (South Perth) - - Residential -

RENTAL

REIWA mem­bers re­ported to­tal prop­er­ties (houses and units) leased for the four-week pe­riod in­creased to 557, un­changed in terms of per­cent­age over the past four weeks and is 20 per cent higher than the same time last year. The Perth metro re­gion re­mains vir­tu­ally sta­ble but still re­mains 11 per cent above the same time last year. List­ings in the area have de­creased by 3 per cent and are 48 per cent higher than the lev­els seen the same time last year. The over­all mar­ket has seen list­ings in­crease across the four weeks by 3 per cent and are 38 per cent above the same time last year. The me­dian weekly rent for the area is at $420/week over­all, which is $30/ week lower than the three months to July, 2014. Sim­i­larly, the over­all mar­ket has seen a $30/week fall in rental me­di­ans, with the cur­rent over­all me­dian rent at $420.

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