Ned­lands proves pop­u­lar as sales surge by 16 per cent

Western Suburbs Weekly - - Liftout -

IN the four weeks to Septem­ber 25, there were 131 lo­cal prop­erty sales across houses, units and land, an in­crease of 16 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 17 per cent.

The over­all Perth mar­ket sales in­creased to 2080, a rise of 3 per cent over the four-week pe­riod and re­main 8 per cent higher than the same time last year.

Ned­lands tops the list for the high­est num­ber of sales at 20.

Prop­er­ties avail­able for sale in the lo­cal area have re­mained sta­ble over the last four weeks but are 10 per cent lower than the same time last year.

To­tal list­ings in the metropoli­tan area have re­mained sta­ble 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 de­creased by 16 days to 51 days for the three months to Au­gust. The av­er­age time to sell in the metropoli­tan area has in­creased by three days to 72 days.

REIWA mem­bers re­ported 304 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, a de­crease of 15 per cent over the last four weeks and 12 per cent lower than the same time last year.

List­ings in the Western Sub­urbs Weekly area have risen by 2 per cent in the four-week pe­riod but are 13 per cent lower than the same time last year.

The over­all mar­ket is 8 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 $420/week, which is $30 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.

Av­er­age time to rent in the lo­cal area has in­creased to 54 days. ■

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