LISTINGS AND RENTS FALLING
REIWA members reported total properties (houses and units) leased for the four-week period decreased to 543, a drop of 3 per cent over the past four weeks, but 15 per cent higher than the same time last year.
The Perth metro region remains stable at 11 per cent above the same time last year.
Listings in the area have decreased by 4 per cent, but are 38 per cent higher than the levels seen the same time last year.
Listings are stable in the overall market, 38 per cent above the same time last year.
The median weekly rent for the area is $410/week overall, which is $40/week lower than the three months to August 2014.
Similarly, the overall market has seen a $40/week fall in rental medians with the current overall median rent at $410.