Surge in lo­cal sales

The Advocate (Perth) - - SUBURBAN SNAPSHOT -

IN the four weeks to Au­gust 27 there were 79 lo­cal prop­erty sales across houses, units and land which is an in­crease of 49 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are higher by 5 per cent.

The over­all Perth market sales in­creased to 2045, a rise of 8 per cent over the four-week pe­riod and 4 per cent higher than the same time last year.

El­len­brook tops the list for the high­est num­ber of sales at 18.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 3 per cent over the past four weeks but is 16 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion have de­creased by 3 per cent over the four-week pe­riod but is 2 per cent higher than the same time last year.

The av­er­age time to sell in the lo­cal area de­creased by nine days to 85 for the three months to July 2018. The av­er­age time to sell in the Perth metro re­gion has de­creased by one day to 72.

REIWA mem­bers re­ported 96 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 22 per cent over the past four weeks but is 1 per cent lower than the same time last year.

List­ings in the Ad­vo­cate area have fallen by 7 per cent in the four-week pe­riod and are 21 per cent lower than the same time last year. The over­all market has seen list­ings fall 4 per cent and are 25 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to July 2018 is $340/week, is $20 higher than the three months to July 2017. The over­all me­dian rent for Perth has seen no change in the three months to July 2018. The av­er­age time to rent in the lo­cal area has de­creased to 50 days in the three months to July 2018.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.