RENTAL REIWA members reported 406 total properties (houses and units) leased for the four-week period, an increase of 7 per cent over the past four weeks and is 5 per cent lower than last year.
Listings in the Southern Gazette area increased by 5 per cent in the four-week period and remain 32 per cent higher than last year.
The overall market has seen listings remain fairly stable over the fourweek period but remain 33 per cent above the same time last year.
The overall median weekly rent for the local area for the three months to July 2016 is $380/week which is $30/week lower than the three months to July 2015. Similarly, the overall median rent for Perth has seen a $40/week decrease in the three months to July 2016.
Average time to rent in the local area has increased by 5 days to 51 days in the three months to July 2016.