LEASINGS UP BY 15 PER CENT
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.