LEAS­INGS UP BY 15 PER CENT

Southern Gazette (South Perth) - - Residential -

RENTAL

REIWA Mem­bers re­ported to­tal prop­er­ties (houses and units) leased for the four week pe­riod rose to 543, an in­crease of 15 per cent over the last four weeks and 9 per cent higher than the same time last year.

The Perth metro re­gion has in­creased by 6 per cent and re­mains 12 per cent above the same time last year. Listings in the area have in­creased by 5 per cent and are 57 per cent higher than the lev­els seen the same time last year.

The over­all mar­ket has seen listings in­crease across the four weeks by 6 per cent and are 49 per cent above the same time last year.

The me­dian weekly rent for the area is $400/week over­all, which is $50/week lower than the three months to Oc­to­ber 2014. Sim­i­larly the over­all mar­ket has seen a $43/week fall in rental me­di­ans with the cur­rent over­all me­dian rent at $400.

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