SALES UP 9 PER CENT

Stirling Times - - Residential -

In the four weeks to July 17 there were 170 lo­cal prop­erty sales across houses, units and land which is an in­crease of 9 per cent over the four­week pe­riod. Com­pared to the same time last year, sales are higher by 19 per cent. The over­all Perth mar­ket sales have in­creased to 2351, a rise of 7 per cent over the four-week pe­riod and re­mains 8 per cent higher than the same time last year. Scar­bor­ough tops the list for the high­est num­ber of sales at 32. Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 9 per cent over the last four weeks and are 16 per cent lower than the same time last year. To­tal list­ings in the Perth Metro Re­gion have de­creased by 7 per cent over the four­week pe­riod and are 4 per cent lower than the same time last year. The av­er­age time to sell in the lo­cal area has de­creased by two days to 59 days for the three months to June 2017. The av­er­age time to sell in the Perth Metro Re­gion has in­creased by three days to 70 days. REIWA mem­bers re­ported 290 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, a de­crease of 1 per cent over the last four weeks but 3 per cent higher than the same time last year. List­ings in the Stir­ling Times area have re­mained sta­ble in the four-week pe­riod and are sim­i­lar to lev­els seen at the same time last year. The over­all mar­ket has seen list­ings re­main sta­ble over the four-week pe­riod but are 5 per cent lower than the same time last year. The over­all me­dian weekly rent for the lo­cal area for the three months to June 2017 is $395/week which is $20 lower than the three months to June 2016. Sim­i­larly, the over­all me­dian rent for Perth has seen a $30 de­crease in the three months to June 2017. Av­er­age time to rent in the lo­cal area has in­creased to 47 days.

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