PROP­ERTY SALES LIFT

Southern Gazette (South Perth) - - LIFESTYLE -

IN the four weeks to April 10 2017 there were 177 lo­cal prop­erty sales across houses, units and land, an in­crease of 13 per cent over the four­week pe­riod.

Com­pared to the same time last year, sales are higher by 19 per cent.

Over­all Perth mar­ket sales have in­creased to 2624, a rise of 11 per cent over the four-week pe­riod and re­main 26 per cent higher than the same time last year. Como had high­est num­ber of sales at 30.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 2 per cent over the past four weeks and are 8 per cent lower than the same time last year.

Total list­ings in the Perth metro re­gion have re­mained stable but are 3 per cent higher than the same time last year.

The av­er­age time to sell has re­mained un­changed at 71 days for the three months to March 2017. The av­er­age time to sell in the Perth metro re­gion has in­creased by four days to count 72 days.

REIWA mem­bers re­ported 451 total prop­er­ties (houses and units) leased for the four­week pe­riod, a fall of 6 per cent over the past four weeks but is 20 per cent higher than the same time last year.

List­ings in the South­ern Gazette area have risen by 2 per cent in the four-week pe­riod and are 12 per cent higher than the same time last year.

The over­all mar­ket has seen list­ings rise 1 per cent and is 6 per cent higher than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to March 2017 is $350/week, which is $45 lower than the three months to March 2016.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $40 de­crease in the three months to March 2017. The av­er­age time to rent in the lo­cal area has re­mained stable at 51 days in the three months to March 2017.

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