LEASE LISTINGS RISE
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.