Leas­ing fig­ures leaps and bounds ahead of last year

Western Suburbs Weekly - - Liftout -

IN the four weeks to July 31 there were 110 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 35 per cent over the four-week pe­riod.

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

Over­all Perth mar­ket sales have de­creased to 2152, a fall of 11 per cent over the four-week pe­riod but re­mains 7 per cent higher than the same time last year.

Su­bi­aco tops the list for the high­est num­ber of sales at 19.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 4 per cent over the past four weeks and is 14 per cent lower than the same time last year. To­tal list­ings in the Perth metro re­gion have de­creased by 4 per cent over the four-week pe­riod and is 6 per cent lower than the same time last year. The av­er­age time to sell in the lo­cal area has de­creased by seven days to 59 for the three months to June. The av­er­age time to sell in the Perth metro re­gion has in­creased by four days to 71.

REIWA mem­bers re­ported 376 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 15 per cent over the past four weeks and is 19 per cent higher than the same time last year.

List­ings in the West­ern Sub­urbs Weekly area have fallen by 4 per cent in the four-week pe­riod and are 12 per cent lower than the same time last year. The over­all mar­ket has seen list­ings fall 1 per cent and are 6 per cent lower than the same time last year. The over­all me­dian weekly rent for the lo­cal area for the three months to June is $430/week, which is $10 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. The av­er­age time to rent in the lo­cal area has re­mained sta­ble at 49 days in the three months to June. ■

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