EL­LEN­BROOK ON TOP

The Advocate (Perth) - - WHAT'S ON -

IN the four weeks to June 4 2018, there were 59 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 16 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 12 per cent.

The over­all Perth mar­ket sales have de­creased to 1968, a fall of 11 per cent over the four-week pe­riod and re­mains 5 per cent lower than the same time last year.

El­len­brook tops the list for the high­est num­ber of sales at 22.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 4 per cent over the last four weeks and is 14 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion have de­creased by 1 per cent over the four­week pe­riod and is sim­i­lar to the same time last year.

The av­er­age time to sell in the lo­cal area has de­creased by 11 days to 72 days for the three months to May 2018. The av­er­age time to sell in the Perth metro re­gion has de­creased by four days to 67 days.

REIWA mem­bers re­ported 103 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, which is sim­i­lar to lev­els seen four weeks ago and is 8 per cent higher than the same time last year.

List­ings in the Ad­vo­cate area have fallen by 10 per cent in the four-week pe­riod and are 30 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings fall 4 per cent and are 24 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to May 2018 is $340/week, which is un­changed from the three months to May 2017. Sim­i­larly, the over­all me­dian rent for Perth has not seen a change in the three months to May 2018.

Av­er­age time to rent in the lo­cal area has de­creased to 48 days in the three months to May 2018.

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