Southern Gazette (South Perth) - - RESIDENTIAL -

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.

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