SALES STILL UP

Southern Gazette (South Perth) - - RESIDENTIAL -

IN the four weeks to Fe­bru­ary 13 there were 143 lo­cal prop­erty sales across houses, units and land, an in­crease of 40 per cent over the four­week pe­riod. Com­pared to the same time last year, sales are higher by 13 per cent.

Over­all Perth mar­ket sales have also in­creased to 2526 sales across houses, units and land, a rise of 92 per cent over the four-week pe­riod and 11 per cent higher com­pared to same time last year. Como tops the list for the high­est num­ber of sales at 21.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 5 per cent over the past four weeks but is 7 per cent lower than the same time last year. To­tal listings in the Perth metro re­gion have in­creased by 3 per cent over the four-week pe­riod but is 1 per cent lower than the same time last year. The av­er­age time to sell in the lo­cal area has de­creased by 2 days for the three months to Jan­uary 2017 to 69. The av­er­age time to sell in the Perth metro re­gion has de­creased by 1 day to 67.

REIWA mem­bers re­ported 585 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, an in­crease of 26 per cent over the past four weeks and is 25 per cent higher than the same time last year. Listings in the Melville Times area have fallen by 2 per cent in the four-week pe­riod but re­main 11 per cent higher than the same time last year. The over­all mar­ket has seen listings de­crease across the four-week pe­riod by 3 per cent but re­main 11 per cent above the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Jan­uary 2017 is $350/week, which is $50/week lower than the three months to Jan­uary 2016. Sim­i­larly, the over­all me­dian rent for Perth has seen a $40/week de­crease in the three months to Jan­uary 2017. The av­er­age time to rent in the lo­cal area has in­creased by 2 days to 52 in the three months to Jan­uary.

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