Sales on the rise

Stirling Times - - Suburban Snapshot -

IN the four weeks to Septem­ber 24, there were 156 lo­cal prop­erty sales across houses, units and land, an in­crease of 9 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 8 per cent.

The over­all Perth mar­ket sales de­creased to 1945, a fall of 2 per cent over the four­week pe­riod and sim­i­lar to the same time last year.

Scar­bor­ough topped the list for the high­est num­ber of sales at 30.

Prop­er­ties avail­able for sale in the lo­cal area de­creased by 1 per cent over the last four weeks, but is 9 per cent higher than the same time last year.

To­tal list­ings in the Perth metro re­gion in­creased by 2 per cent, 4 per cent higher than the same time last year.

The av­er­age time to sell in the lo­cal area re­mained un­changed at 62 days for the three months to Au­gust 2018. The av­er­age time to sell in the Perth metro re­gion re­mained un­changed at 73 days.

REIWA mem­bers re­ported 380 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 14 per cent over the last four weeks and 8 per cent higher than the same time last year. List­ings in the Stir­ling

Times area fell by 16 per cent in the four-week pe­riod, 32 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings fall 6 per cent, 27 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Au­gust is $370/week, which is un­changed from the three months to Au­gust 2017.

Sim­i­larly, the over­all me­dian rent for Perth has seen a no change in the three months to Au­gust. Av­er­age time to rent in the lo­cal area de­creased to 45 days in the three months to Au­gust.

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