SALES REMAIN STA­BLE

The Advocate (Perth) - - NEWS -

IN the four weeks to Septem­ber 11 there were 73 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 10 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are un­changed.

Over­all Perth mar­ket sales have in­creased to 2136, a rise of 5 per cent over the four-week pe­riod and remain 4 per cent higher than the same time last year.

El­len­brook tops the list for the high­est num­ber of sales at 26.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 7 per cent over the past four weeks and are 5 per cent lower than the same time last year. To­tal list­ings in the Perth metro re­gion have de­creased by 1 per cent over the four-week pe­riod and are 8 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area has in­creased by 11 days to 94 for the three months to Au­gust. The av­er­age time to sell in the Perth metro re­gion has in­creased by three days to 72.

REIWA mem­bers re­ported 100 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, a de­crease of 8 per cent over the past four weeks and 2 per cent lower than the same time last year. List­ings in the Ad­vo­cate area have fallen by 2 per cent in the four-week pe­riod and are 14 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings fall 4 per cent and are 9 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to Au­gust 2017 is $323/week, which is $37 lower than the three months to Au­gust 2016. Sim­i­larly, the over­all me­dian rent for Perth has seen a $25 de­crease in the three months to Au­gust.

The av­er­age time to rent in the lo­cal area has in­creased to 59 days in the three months to Au­gust.

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