COMO IS TOPS FOR PROP­ERTY SALES

Southern Gazette (South Perth) - - RESIDENTIAL -

IN the four weeks to Oc­to­ber 31, there were 145 lo­cal prop­erty sales across houses, units and land, an in­crease of 3 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 11 per cent.

The over­all Perth mar­ket sales also in­creased to 2353 across houses, units and land, a rise of 15 per cent over the four-week pe­riod and 6 per cent higher com­pared to the same time last year.

Como tops the list for the high­est num­ber of sales at 21.

Prop­er­ties avail­able for sale in the lo­cal area in­creased by 2 per cent over the last four weeks but are 15 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion in­creased by 5 per cent over the four-week pe­riod but 9 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area in­creased for the three months to Septem­ber by five days to 73 days.

The av­er­age time to sell in the Perth metro re­gion in­creased five days to 69 days.

REIWA mem­bers re­ported 475 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 14 per cent over the last four weeks and 24 per cent higher than the same time last year.

List­ings in the South­ern Gazette area have re­mained sta­ble over the four-week pe­riod but re­main 14 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 re­main 21 per cent above the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Septem­ber 2016 is $360/week, which is $40/week lower than the three months to Septem­ber 2015.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $30/week de­crease in the three months to Septem­ber 2016.

Av­er­age time to rent in the lo­cal area has in­creased by eight days to 54 days in the three months to Septem­ber.

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