LEASE LIST­INGS RISE

Southern Gazette (South Perth) - - RESIDENTIAL -

RENTAL REIWA mem­bers re­ported 384 prop- er­ties leased for the four-week peri- od, an in­crease of 1 per cent over the last four weeks, but seven per cent lower than the same time last year. List­ings in the South­ern Gazette area in­creased by seven per cent in the four-week pe­riod and are 25 per cent higher than the same time last year. In the over­all mar­ket, list­ings in­creased across the four-week pe­riod by five per cent and are 33 per cent above the same time last year. The over­all me­dian weekly rent for the lo­cal area for the three months to June is $380/week, which is $40/week lower than the three months to June 2015. Sim­i­larly, the over­all me­dian rent for Perth has dropped by $40/week in the three months to June. The av­er­age time to rent in the lo­cal area has in­creased by seven days to 49 days in the three months to June.

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