SLIGHT IN­CREASE IN SALES AND LIST­INGS

Southern Gazette (South Perth) - - RESIDENTIAL -

IN the four weeks to Novem­ber 28 there were 153 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 9 per cent over the four-week pe­riod. Com­pared to the same time last year, sales are lower by 5 per cent. Over­all Perth mar­ket sales have also in­creased to 2418 sales across houses, units and land, a rise of 8 per cent over the four-week pe­riod and re­mains 7 per cent higher com­pared to same time last year. Como tops the list for the high­est num­ber of sales at 26.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 4 per cent over the past four weeks but is 16 per cent lower than the same time last year. To­tal list­ings in the Perth metro re­gion have in­creased by 6 per cent over the four-week pe­riod but is 6 per cent lower than the same time last year. The av­er­age time to sell in the lo­cal area has in­creased by 13 days for the three months to Oc­to­ber 2016 to 71 days. The av­er­age time to sell in the Perth metro re­gion has in­creased by 8 days to 69 days from 61 days.

REIWA mem­bers re­ported 465 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, rel­a­tively sta­ble over the past four weeks and is 20 per cent higher than the same time last year. List­ings in the South­ern Gazette area have de­clined by 1 per cent in the four-week pe­riod but re­main 10 per cent higher than the same time last year. The over­all mar­ket has seen list­ings in­crease across the four­week pe­riod by 1 per cent and re­main 14 per cent above the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Oc­to­ber 2016 is $365/week, which is $35/week lower than the three months to Oc­to­ber 2015. Sim­i­larly, the over­all me­dian rent for Perth has seen a $35/week de­crease in the three months to Oc­to­ber 2016. The av­er­age time to rent in the lo­cal area has in­creased by seven days to 55 days in the three months to Oc­to­ber 2016.

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