CLOVERDALE TOPS FOR PROP­ERTY SALES

Southern Gazette (South Perth) - - RESIDENTIAL -

IN the four weeks to Septem­ber 5, there were 135 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 2 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 12 per cent.

Over­all Perth mar­ket sales have also in­creased to 2186 sales across houses, units and land, a rise of 4 per cent over the four-week pe­riod but 8 per cent lower when com­pared to the same time last year.

Cloverdale tops the list for the high­est num­ber of sales at 16.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 1 per cent over the past four weeks and is 4 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion have de­creased by 1 per cent over the four­week pe­riod and re­mains 1 per cent be­low the same time last year.

The av­er­age time to sell in the lo­cal area has de­creased for the three months to Au­gust by two days to 66 days. The av­er­age time to sell in the Perth metro re­gion has in­creased by five days to 69 days.

REIWA mem­bers re­ported 458 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 15 per cent over the past four weeks and 15 per cent higher than the same time last year.

List­ings in the South­ern Gazette area have de­creased by 3 per cent in the four-week pe­riod but re­mains 36 per cent higher than the same time last year.

The over­all mar­ket has seen list­ings de­crease across the four-week pe­riod by 2 per cent but re­mains 32 per cent above the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Au­gust 2016 is $370/week, which is $30/week lower than the three months to Au­gust 2015.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $35/week de­crease in the three months to Au­gust.

Av­er­age time to rent in the lo­cal area has in­creased by six days to 52 days in the three months to Au­gust.

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