LO­CAL SALES STILL STRONG

Southern Gazette (Victoria Park) - - Residential -

SALES

DE­SPITE a small drop in re­ported sales by REIWA mem­bers for the four weeks to June 22 across the South­ern Gazette re­gion, ac­tiv­ity re­mains 3 per cent above the same time last year. Lo­cal house sales in­creased marginally, off­set­ting a fall in multi-unit ac­tiv­ity. By com­par­i­son, the over­all Perth mar­ket ex­pe­ri­enced a 4 per cent fall in sales and is 13 per cent be­low the same pe­riod last year. The top selling sub­urbs for the four weeks changed, with Vic­to­ria Park en­ter­ing the list at the ex­pense of Cloverdale. Lo­cal prop­erty listed for sale dropped 4 per cent for the four weeks but re­mains 36 per cent up on the same pe­riod last year. It is a sim­i­lar story for the over­all Perth mar­ket, where list­ings fell by 2 per cent for the pe­riod and re­main 30 per cent above the level seen this time last year. Av­er­age selling days for the area have lifted from 53 days last year to 77.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.